Triple Point Technology, the leading global supplier of cross-industry commodity trading, risk management and logistic software platforms, announced today that its commodity and energy trading and risk application has become a SAP-endorsed business solution.
Commodity Management utilizes best-of-breed components from both SAP AG and Triple Point -- Triple Point’s SAP-endorsed Commodity SL™ and the SAP® ERP application -- and optimizes profits across the commodities supply chain. The tightly integrated software is fully tested by SAP and delivers a common maintenance program and a common technology platform at the lowest lifecycle cost.
“Three market-leading commodity companies including ABB Grain and Engen Petroleum have licensed Commodity Management in the last two months. They, alongside a growing number of global commodity and energy firms, are realizing that the solution is truly unique,” explains Dilip Daswani, vice president, business development at Triple Point Technology. “Commodity Management is the result of a ground-breaking collaboration between SAP and Triple Point and it is quickly emerging as the only solution that meets all of the commodities market’s requirements, including oil, metals, power, natural gas, coal, freight, biofuels and agriculture. It provides a seamlessly integrated front-to-back office for supply, trading, marketing and movement of commodities. At the same time, the solution provides management with greater transparency and control, ensuring compliance, enabling improved business performance and increased profitability.”
While there are thousands of solutions available that have achieved Powered by SAP NetWeaver® status, Triple Point Commodity SL is one of only 18 SAP-endorsed business solutions worldwide and is the only solution endorsed by SAP in the commodity trading and risk management area. More than 30,000 development hours and millions of dollars have been invested in Commodity Management, eliminating the need for custom integration and providing the lowest total cost of ownership (TCO). SAP and Triple Point maintain ownership of the developed interfaces contained in Triple Point Commodity Management throughout the product life-cycle, eliminating the risk and cost for customers.
“The growth in commodity demand, market volatility and complexity, and an increase in regulatory and legislative controls have resulted in a need from increasingly correlated markets to deploy a multi-commodity, enterprise platform solution,” said Peter Maier, senior vice president of ISM Process Industries at SAP AG. “SAP selected Triple Point due to its rich industry solution experience with commodity supply, trading, marketing and logistics while understanding our customer’s needs to manage risks in commodity trading. Its solution is integrated with the SAP business process platform, leveraging the enterprise service-oriented architecture and enterprise services, which significantly reduces the costs and risks of integration for our joint customers.”
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