Financial Objects, a leading provider of software solutions for banking, wealth management and energy, has won the Credit Risk and Operational Risk categories of the Energy Risk User Choice Awards, for its energycredit software solution.
After an extensive online survey of energy companies conducted by Energy Risk, Financial Objects' credit risk application for energy trading was awarded first place in two high profile categories. This is the second year running that energycredit has been ranked number one for credit risk in the Energy Risk survey.
"Since the acquisition of Raft International we have invested significantly in the energycredit solution, the strength of our team and the quality of our service, so we're delighted to receive this recognition from the energy industry," said Roland Jones, managing director for the Energy division at Financial Objects. "In today's market it's essential that organisations have a global view of their credit risk position. energycredit provides this view and its proven benefits are enabling many of the world's leading energy trading companies to better protect their assets."
energycredit from Financial Objects helps energy trading organisations better manage their levels of credit risk, in a systematic, automated programme. The solution extends across the organisation to allow front, mid and back office functions to communicate directly with users in credit, legal and treasury. By streamlining everyday tasks, energycredit allows the credit team to focus on priorities.
Energy Risk's poll was conducted over a two-month period. Energy companies were asked to vote in order of preference their top risk management software vendor and top software package. Each response was then checked and verified.