This is the third consecutive year Financial Objects has received the accolade.
The rankings were the result of an extensive online survey to users conducted by Energy Risk. Financial Objects ranked the highest of 15 providers of credit risk management solutions, achieving 25% of the total votes. Additionally, Financial Objects achieved third place for the Operational Risk Management Software Provider category and fourth place for Market Risk Management.
"2007 was a remarkable year for our team and these survey results are a reflection of that," said Roland Jones, managing director of the Energy division at Financial Objects. "Not only did we extend our portfolio of clients to include new high-profile organisations such as StatoilHydro, FPL Energy and Calpine; we also realised a step-change in technology, and we now implement energycredit on the latest Microsoft.NET web-enabled platform. We expect to continue this momentum this year."
energycredit is used by many of the world's largest energy trading organisations, and provides the first integrated credit risk solution for Gas, Power, Oil, Coal and Carbon trading. It gives clients the ability to effectively measure, and report on credit risk and to model Potential Future Exposure dynamically.
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. Each response was then checked and verified.