Triple Point Technology has announced that its commodity and energy trading and risk application has become a SAP-endorsed business solution.

"Three market-leading commodity companies including ABB Grain and Engen Petroleum have licensed Commodity Management in the last two months. They, alongside a growing number of global commodity and energy firms, are realising that the solution is truly unique,” explains Dilip Daswani, vice president, business development at Triple Point Technology. “Commodity Management is the result of a ground-breaking collaboration between SAP and Triple Point and it is quickly emerging as the only solution that meets all of the commodities market’s requirements, including oil, metals, power, natural gas, coal, freight, biofuels and agriculture. It provides a seamlessly integrated front-to-back office for supply, trading, marketing and movement of commodities. At the same time, the solution provides management with greater transparency and control, ensuring compliance, enabling improved business performance and increased profitability."

"The growth in commodity demand, market volatility and complexity, and an increase in regulatory and legislative controls have resulted in a need from increasingly correlated markets to deploy a multi-commodity, enterprise platform solution,” said Peter Maier, senior vice president of ISM Process Industries at SAP AG. “SAP selected Triple Point due to its rich industry solution experience with commodity supply, trading, marketing and logistics while understanding our customer’s needs to manage risks in commodity trading. Its solution is integrated with the SAP business process platform, leveraging the enterprise service-oriented architecture and enterprise services, which significantly reduces the costs and risks of integration for our joint customers."