Houston, TX (Vocus/PRWEB) March 15, 2011
Foresight Energy, an Illinois Basin coal producer, has successfully completed the implementation of SunGard’s Aligne Bulk Fuels Management solution to support its day-to-day coal trading activities.
Foresight Energy selected Aligne Bulk Fuels Management for its ability to support the entire physical supply chain, extending from mine to its customers, spanning North America and Europe. This includes physical fuel trading, contract management, shipment scheduling and logistics, quality management, settlements, cost accounting and reporting.
“Foresight Energy required a solution that is scalable as our business grows and we enter new markets. SunGard’s Aligne is a reliable and flexible solution that can support Foresight’s growth,” said Jennifer Caldwell, director of operations, Foresight Energy. “We are very pleased that SunGard’s Aligne went live, on-schedule and on-budget in four months.”
“Cost awareness and containment are major priorities for coal producers,” said Ben Jackson, senior executive vice president of SunGard’s energy and commodities business. “SunGard’s Aligne Bulk Fuels Management provides its customers with a physical logistics solution which helps manage exposure and reduce volatility while controlling shipping and fuel costs. We look forward to our continuing strategic relationship with Foresight Energy.”
About Foresight Management, LLC
Foresight Energy is a leading producer of thermal coal with almost 3 billion tons of coal reserves and four mining complexes in the Illinois Basin. With its low production costs and unique transportation network, it has the demonstrated ability to reach both the domestic and international thermal coal markets.
About SunGard’s Aligne
SunGard’s Aligne is a multi-commodity software solution suite that helps energy companies to more efficiently and profitably trade and market energy, process transactions, manage risk, and optimize operational and financial decisions. Leveraging a service-oriented architecture, Aligne is a configurable, modular and highly scalable solution. It integrates trading, risk and control, credit, scheduling, fuels procurement, emissions compliance, back-office and finance for straight-through processing of commodity transactions. For more information, visit http://www.sungard.com/energy.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue about $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, please visit SunGard at http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Aligne are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.