Triple Point Technology, the leading global supplier of cross-industry software solutions for the supply, trading, marketing and movement of commodities, announced today that Bunge Global Markets, the international marketing and distribution unit of Bunge Limited (NYSE: BG), chose Triple Point Commodity XL for Oil and GasTM to enhance trading and risk management.
Bunge Limited is an integrated, global agribusiness and food company operating in the farm-to-consumer food chain with primary operations in North and South America and worldwide distribution capabilities. Headquartered in White Plains, New York, Bunge has over 18,000 employees with operations in 21 countries. The company is the largest processor of soybeans in the Americas and the largest producer and supplier of fertilizers to farmers in South America. With its recently announced acquisition of Cereol S.A., Bunge will become the world's leading oilseed processing company.
âBunge Global Markets is a rapidly growing division of Bunge Limited. We were looking for a trading and risk management solution that could be deployed quickly but also has the capability of growing with us in the future,â said Tom Leslie, applications development manager, Bunge Global Markets. âWe found that Triple Point Commodity XL has the best functionality available in the marketplace. In addition, the advanced standards-based architecture combined with Triple Pointâs hosted ASP (Application Service Provider) platform makes it the perfect solution.â
âThe Commodity XL suite of solutions is built on the most up-to-date technology platform in use today. The next-generation component platform enables you to plug in the solutions you need now with the flexibility to easily add function later,â said Karan Renjen, vice president, engineering, Triple Point. âWe invest roughly 25% of revenue each year in technology research and development. This ensures that Commodity XL always delivers the best performance combined with unparalleled scalability.â
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.