Triple Point Technology, the leading global supplier of cross-industry commodity trading, risk management and logistic software platforms, announced today that it has won a fourth consecutive Connecticut Quality Improvement Award (CQIA) Innovation Prize for its continued product, technology and implementation excellence.
In earning the 2007 CQIA award, Triple Point was recognized for major technological and business intelligence-related advances in its flagship Commodity XL™ trading and risk management software platform. Earlier this year, Triple Point released the platform’s latest version, Commodity XL 6.0. In ensuing independent lab testing, Commodity XL 6.0, already the highest performing commodity transaction and risk management software system (CTRM) in the world, demonstrated a five-times leap forward in performance.
Capable of processing more data faster than ever before, Commodity XL 6.0 can capture, make available, and manage every detail of a trade, schedule, counter-party contract and more at the lowest level of granularity. This record setting performance level enables the Triple Point solution to provide enterprise-wide functionality and granular decision support not available in competing systems.
In addition, Triple Point recently released its innovative Commodity XL Management Dashboard™, an add-on business intelligence module that mines vast amounts of trading, risk and supply chain data to provide unique, insightful analysis for better management decision making. Management Dashboard’s high-impact visuals give executives and management a real-time graphical depiction of key performance indicators (KPIs) across the entire business – an unprecedented tool that turns transaction data into instantaneous, accurate and actionable decision making information.
“Triple Point’s continued recognition with leading industry and technology awards has one common denominator: our unwavering company-wide commitment to delivering superior product technology and business results for our world-class customers,” said Mike Ravo, vice president, industry solutions, Triple Point Technology.
The 2007 CQIA prize is the latest in an extensive string of independent, third-party recognition of Triple Point’s market leadership in multi-commodity trading and risk management software technology. Triple Point recently has won the Gold Award for Excellence in Energy Technology based on an extensive industry vote conducted by Commodities Now magazine. It also has earned the top “User Choice—Trading and Portfolio Management” ranking and has been named “Software House of the Year” and “Top Software Package” by Energy Risk magazine. In addition, Triple Point has been named to the Deloitte Fast 50 for a record-breaking ten years in a row.
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