Triple Point Technology
Encyclopedia
Triple Point Technology is an American software company dealing in multi-market commodity and enterprise risk management
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Founded in 1993, Triple Point is privately held and headquartered in Westport, Connecticut
. Triple Point serves clients in Asia, Africa, Australia, Europe, North America and South America with development and support centers located in Houston, Texas
; Stellenbosch, South Africa; Westport, Connecticut; Parsippany, New Jersey; London, UK; Pune, India; Chennai, India; Sao Paulo, Brazil; Vienna, Austria and Singapore
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Triple Point's flagship software platform, Commodity XL, integrates physical and financial market requirements for multiple commodities including: agriculture, emissions, biofuels, freight, metals, power, coal, gas and oil. Triple Point's software products are used by over 150 commodity trading and energy companies around the world.
In 2008, Triple Point acquired INSSINC, a provider of treasury and regulatory compliance solutions, and ROME Corporation, a provider of credit risk management solutions.
In December 2007, Triple Point's trading and risk software system became an SAP-endorsed business solution. The co-developed solution named, Commodity Management, utilizes components from both SAP AG and Triple Point - Triple Point's SAP-endorsed Commodity SL and the SAP ERP application.
Enterprise Risk Management
Enterprise risk management in business includes the methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives...
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Founded in 1993, Triple Point is privately held and headquartered in Westport, Connecticut
Westport, Connecticut
-Neighborhoods:* Saugatuck – around the Westport railroad station near the southwestern corner of the town – a built-up area with some restaurants, stores and offices....
. Triple Point serves clients in Asia, Africa, Australia, Europe, North America and South America with development and support centers located in Houston, Texas
Houston, Texas
Houston is the fourth-largest city in the United States, and the largest city in the state of Texas. According to the 2010 U.S. Census, the city had a population of 2.1 million people within an area of . Houston is the seat of Harris County and the economic center of , which is the ...
; Stellenbosch, South Africa; Westport, Connecticut; Parsippany, New Jersey; London, UK; Pune, India; Chennai, India; Sao Paulo, Brazil; Vienna, Austria and Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
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Triple Point's flagship software platform, Commodity XL, integrates physical and financial market requirements for multiple commodities including: agriculture, emissions, biofuels, freight, metals, power, coal, gas and oil. Triple Point's software products are used by over 150 commodity trading and energy companies around the world.
Overview
Commodity XL is Triple Point's multi-market commodity trading and enterprise risk management platform.In 2008, Triple Point acquired INSSINC, a provider of treasury and regulatory compliance solutions, and ROME Corporation, a provider of credit risk management solutions.
In December 2007, Triple Point's trading and risk software system became an SAP-endorsed business solution. The co-developed solution named, Commodity Management, utilizes components from both SAP AG and Triple Point - Triple Point's SAP-endorsed Commodity SL and the SAP ERP application.
External links
- Triple Point Technology website
- Sustainable Profits, Manageable Risk – Michael Schwartz, Triple Point’s Chief Marketing Officer, discusses with EnergyPulse why, in today’s environment of global resource constraints and rising price volatility, companies wishing to achieve sustainability require systems like Commodity XL
- The Five Cs of Counterparty Credit Risk - In a punishing market for those who improperly handle risk, these tenets of credit risk management can be the difference between success and failure.
- Freight Rate Volatility Churns Like a Raging Sea: Those caught off guard get a proper burial at sea – Triple Point discusses with The Baltic why supply chain solutions must be market based to successfully manage sharp commodity price and freight rate volatility.
- Trade and Commodity Management