Nidera's forward thinking and recognition of risk challenges will clearly yield it a competitive market advantage. Its selection of Commodity XL validates Triple Point's position as the leader in commodity trading and enterprise risk solutions for the agriculture market.
LONDON (PRWEB) December 8, 2008
Nidera Handelscompagnie B.V. is a privately held, international trading and agribusiness company with strong traditional roots in Europe and Argentina. Founded in 1920 and headquartered in Rotterdam, Nidera's main activities include the trading of grains, oilseeds, vegetable oils and meals; feedstuffs, rice and ocean transport. Other related activities include the operation of elevators and processing plants as well as products for the bio-energy sector.
In January, Nidera licensed Triple Point's Commodity XL for Agriculture to more efficiently manage its commodity trading and industrial operations and to gain a real-time, enterprise-view of exposure and risk. In addition, the agribusiness leader wanted a software solution with the flexibility to seamlessly adapt to internal and external influences, from innovation and growth to geopolitical events. Over the past twelve months, Triple Point and Nidera collaborated to map processes across Nidera's trading operations worldwide, which has served as the basis for enhanced agri-market functionality. Implementation of Commodity XL is currently underway.
Commodity XL provides Nidera with an integrated platform across the organization and supplies the required visibility to measure and monitor positions and risk in real-time. As changes in the P&L occur, Commodity XL provides the analysis tools for management to quickly assess the root cause and value at risk. With increased business transparency, Nidera is able to make better and more-proactive decisions, driving profit and efficiencies in fast-moving and volatile markets.
"Nidera required a solution that integrated its global agribusiness on a common platform and provided real-time visibility into operations in order to proactively identify and manage exposure," said Martin Dru, chief risk officer, Nidera. "With increased business transparency and integrated information across operations, Nidera is better prepared to manage enterprise risk and ensure implementation of consistent and best business practices."
"With increasing volatility in commodity prices, Triple Point has seen growing demand from agribusinesses requiring a trading and operations solution that includes comprehensive risk management," said Brian Seidman, VP, agriculture and biofuels markets, Triple Point. "Nidera's forward thinking and recognition of risk challenges will clearly yield it a competitive market advantage. Its selection of Commodity XL validates Triple Point's position as the leader in commodity trading and enterprise risk solutions for the agriculture market."
Commodity XL™ is the leading multi-market commodity and enterprise risk management solution that meets all of the requirements for supply, trading, marketing, logistics, scheduling, risk management and accounting in today's volatile and complex environment: multi-commodity management, business intelligence and analysis tools for proactive decision-making, real-time integration of physical and financial positions, advanced service-oriented architecture (SOA) and comprehensive enterprise risk management covering the four key areas of corporate financial exposure: operational risk, market/price risk, counterparty credit risk and corporate governance and regulatory compliance risk.
About Triple Point Technology
Triple Point Technology® is the leading global provider of multi-market commodity and enterprise risk management software solutions. Triple Point's Commodity XL profitably integrates physical and financial markets on a real-time, service-oriented architecture (SOA) platform for commodities including power, oil, gas, coal, base and precious metals, agricultural products, biofuels and freight. In addition to Triple Point's award-winning commodity and energy trading software being used by more than 25 percent of both Global 500 commodity trading and Global 500 energy companies, other organizations with large raw material and energy exposure, including consumer packaged goods (CPG), discrete manufacturers and big box retailers, are quickly adopting the Triple Point solution. Named to the Deloitte Technology Fast 50 for ten straight years, Triple Point added to its record-breaking organic growth in 2008 with the acquisitions of INSSINC, the leading provider of hedge accounting and fair value level software and ROME Corporation, the industry leader in credit risk software solutions. Triple Point, headquartered in Westport, Connecticut, USA, was founded in 1993 and serves clients from nine development and support centers located around the globe. More information is available at http://www.tpt.com.