Triple Point Technology, the leading global supplier of cross-industry software solutions for the supply, trading, marketing, and movement of commodities, released today the results of a recent research poll of natural gas marketers and trading companies. When posed the question, âAre your current energy trading and risk management (âETRMâ) systems meeting your organizationâs needs?â A resounding 90% replied âNo.â
âTriple Pointâs poll results are evidence that the market is now in strong replacement phase, as was indicated by our late 2005 report, Evaluation and Benchmarking of Natural Gas Software Application Usage in North American Energy Companies,â stated Patrick Reames, vice president, energy trading and risk management, UtiliPoint International. âThe majority of companies have recognized a need to update their ETRM software applications. Sustained high commodity prices and increased volatility in the market over the last year have forced companies to examine the risks associated with managing their business in outdated applications and have highlighted the need for advanced systems.â
âMore and more companies are realizing the need for a real-time, enterprise-wide, fully-integrated energy trading and risk management system,â said Michael Schwartz, chief marketing officer for Triple Point Technology. âThese systems are not optional in todayâs complex energy markets and the speed an organization moves to a next-generation platform could very well be the difference between its success and failure.â
Triple Point Commodity XLâ¢ 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.