Company Overview of Triple Point Technology, Inc.
Triple Point Technology, Inc. provides cloud-based and on-premise commodity management, energy trading, and enterprise risk mitigation software. It offers procurement, credit risk, treasury management, regulatory compliance, sustainability, and demand planning software. The company also provides Commodity XL, a commodity trading and risk management platform focusing on agriculture, biofuel, cargo inspection, credit risk management, fair value disclosure, hedge accounting, and coal, emissions, metal, natural gas, oil, and power trading sectors. In addition, it offers Algosys Metallurgical Accountant, a metal accounting tool; Softmar Chartering and VesselOps, commercial chartering and vessel o...
301 Riverside Avenue
Westport, CT 06880
Founded in 1993
Key Executives for Triple Point Technology, Inc.
Chief Executive Officer and President
Senior Vice President of Professional Services
Executive Vice President of Global Field Operations
Managing Director of Chartering and Vessel Operations
Compensation as of Fiscal Year 2012.
Triple Point Technology, Inc. Key Developments
Heineken Selects Triple Point Strategic Planning and Procurement Solution to Manage Commodity Price Volatility
Apr 15 13
Triple Point Technology, Inc. announced that Heineken International has licensed its Commodity XL Strategic Planning and Procurement(TM) (SPP) solution to manage commodity risk exposure across its global operations. Heineken launched a strategic initiative to reduce supply cost volatility caused by price fluctuations in commodities such as barley, wheat, maize, diesel fuel, natural gas, bunker fuel, and aluminum. The company required a market-based solution for its Global Procurement group to minimize commodity risk exposure. Heineken selected Triple Point's SPP because it is the only procurement solution that provides real-time scenario analysis to reduce commodity price risk and decrease overall commodity expenditure. Heineken also selected Commodity XL Strategic Planning and Procurement because of its superior ability to seamlessly integrate with SAP financial, logistics, inventory, and invoicing solutions. Triple Point is the only company with a solution endorsed by SAP in the commodity trading and risk management area. SPP uniquely enables food and beverage, process and industrial manufacturing, and consumer products companies to manage the commodity market risk inherent in the hundreds of items they buy from a multitude of suppliers -- all of which may have different cost component models. With SPP, companies can view, aggregate, and evaluate all cost models and conduct real-time, forward-looking scenario analysis as plans change and markets move. In support of its strategic initiative Heineken is also implementing Triple Point's flagship commodity contract lifecycle management solution, Commodity XL(TM), for end-to-end automated transaction processing and risk management. With Commodity XL, Heineken can capture and record physical commodity purchase contracts, manage inventory levels worldwide, optimize and manage the transfer of commodities via multiple modes of transportation, and automate back office functions including invoicing, cash forecasting, margin management, and financial settlement.
Triple Point Launches Strategic Planning and Procurement Solution for Commodities
Mar 27 13
Triple Point Technology announced the availability of Commodity XL Strategic Planning and Procurement(TM) (SPP), the only software solution that provides sophisticated cost models and advanced, market-based analytics to proactively manage and mitigate commodity and raw material price risk. Volatile commodity prices cause fluctuations in the cost of raw materials, packaging, and energy that affect the profit margins of food and beverage, process and industrial manufacturing, and consumer products companies. Often organizations in these industries are ill-equipped to address cost volatility because they don't have the software solutions to manage the commodity market risk inherent in the hundreds of items they buy from a multitude of suppliers -- all of which may have different cost component models. Companies must be able to view, aggregate, and evaluate all cost models and conduct real-time, forward-looking scenario analysis as plans change and markets move. Commodity XL Strategic Planning and Procurement enables organizations to fully mitigate and manage commodity exposure. With SPP, companies can manage, measure, and report physical and derivative coverage for an integrated plan; simulate the impact of market changes to coverage, exposure, and spend; integrate supply and demand forecasts with trading plans; analyze multiple scenarios including sourcing alternatives and associated transport outlays; and analyze root causes of variances to planned costs, revenues, and profit margins.
Triple Point Technology, Inc. Establishes New Latin American Headquarters in Rio De Janeiro
Feb 19 13
Triple Point Technology, Inc. announced that it has established its new Latin American headquarters in Rio de Janeiro, Brazil to service its rapidly growing customer base in the region. The new Latin American headquarters enables Triple Point to deliver exceptional customer support throughout Latin America. Notable market-leading organizations such as Petrobras (Brazil), Vale (Brazil), NORSUL (Brazil), Navieras Ultragas Limitada (Chile), Anglo American PLC (Brazil), Mercon Coffee Group (Guatemala), Pe oles (Mexico), and Samarco (Brazil) rely on Triple Point solutions for Commodity Management. In addition to rapid expansion in Latin America, Triple Point has experienced strong growth worldwide. The accelerating, widespread adoption of Triple Point's products in new target industries and markets has resulted in a 5-year cumulative average growth rate (CAGR) in revenue of over 35%, with profits increasing more than 50% on average year-over-year.
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