It’s not that often that existing vendors build new solutions so when Amphora announced a new metals CTRM called Alchemy, I was all ears and obtained a briefing and early demo. With an initial focus on concentrates, Amphora had a seed client for the product, and that customer went live with Alchemy last year. At this point, as Amphora’s David Glasspool told me, both companies have got through the issues and bug fixing stage. and the product is now ready for the broader market. In fact, Alchemy handles not just concentrates but refined metals as well. CTRM products develop over time with adoption by customers. There is no standard solution or standard business process in this industry and so each added customer is expected to bring with it additional requirements. By customers three to five, the product starts to become more rounded and as further customers are added, enhancements are more often simply about specific reporting needs. David is keen now to get Alchemy adopted at customers two and three and hopes to flesh out the Alchemy development plan for 2025 with these customers, he told me. He also notes that Alchemy with its modern architecture can be used as… continue reading