ROME Corporation, the leading provider of credit risk management solutions for the energy market, today announced that FirstEnergy Corp. (NYSE: FE), a diversified energy company headquartered in Akron, Ohio, has selected ROME CreditRisk. FirstEnergy will utilize ROME CreditRisk to assist in its efforts to measure and mitigate exposure, allocate credit, monitor collateral, and report enterprise-level risk.
"We are delighted that FirstEnergy selected ROME to support their enterprise-wide credit risk management initiatives,â said David Achim, President & Chief Executive Officer at ROME Corporation. âBy consolidating data from disparate systems, ROMEâs robust integration capabilities allow organizations to transform data into valuable business information.â
ROMEâs suite of credit risk management products are designed around an open, standards-based architecture for easy integration with each other and existing enterprise standards and platforms. ROMEâs industry leading technology is the only flexible and scalable web-based solution in the marketplace designed to meet both evolving business and IT requirements.