Superior Functionality Coupled with ASP Deployment Provides Key Competitive Advantage
WESTPORT, Conn.--Triple Point Technology, the leading global supplier of cross-industry software solutions for the supply, trading, marketing and movement of commodities, announced today that Vinmar International, Ltd. of Houston, Texas, chose Triple Point Commodity XL for Oil TM along with PhysOps ‘Visual CockpitTM' to support biofuels, fuel product, and petrochemicals trading, risk management and physical logistics.
Vinmar has a twenty-seven year history as a leader in providing global logistical, marketing, distribution and financial services for a wide array of petrochemicals, fuel components and plastics. With a highly connected network of 26 offices in 20 countries worldwide, the company is an extremely important link in global supply chains, adding value for both suppliers and purchasers.
“Vinmar markets approximately two million tons of fuel products, polymers and chemicals a year around the world. We were looking for an advanced trading, risk management and logistical system that addressed all the functions critical to support our broad, complex and rapidly growing business,” said Doug Friedman, Vinmar’s vice president, fuel products. “Triple Point’s industry and application expertise are both reflected in the tremendous functionality of Commodity XL; it’s a perfect fit for our business now. Perhaps most importantly, the system’s flexibility will allow it to easily grow as we grow. In addition, Triple Point’s hosted ASP (Application Service Provider) deployment model will get Vinmar up and running quickly, without significant infrastructure investment, minimizing the start-up capital required.”
“We are elated that Vinmar International has selected Commodity XL for Oil and PhysOps ‘Visual Cockpit,’” said Rick Nelson, vice president, sales, Triple Point. “I talk to customers and prospects every day and hear the same thing; real-time decision making capability, enterprise wide risk management, support for regulatory compliance and robust architecture make Commodity XL the only system that can support a multi-commodity front-to-back office deployment.”
Triple Point Commodity XL is the only true next-generation solution, built specifically from the ground up for high-volume, complex transaction management organizations. It meets all the requirements for trading in today's highly volatile environment: multi-commodity capabilities, real-time integration of physical and financial positions, comprehensive risk management and scalability. Comprised of a family of commodity-specific products that can be deployed alone or in seamless combination with each other, Commodity XL manages every aspect of global cross-industry supply, trading, marketing and logistics operations.
About Triple Point Technology, Inc.
Triple Point Technology is the leader in trading, risk management, scheduling and logistics solutions for commodities: power, oil, gas, coal, metals, agricultural products and freight. Commodity XL manages the complex, ever-changing requirements of physical and financial markets. Commodity XL integrates front-to-back office and delivers functionality for supply, trading, marketing and movement of commodities on a single platform. Triple Point's real-time system helps customers of all sizes streamline trade processing, reduce transaction costs, maximize supply chain efficiencies, manage market risk, evaluate performance, and ensure regulatory and accounting compliance.
