Company Overview of Triple Point Technology, Inc.
Triple Point Technology, Inc. provides on-premise and in-cloud commodity management software that delivers analytics to commodity and energy value chains. The company provides real-time solutions to manage various aspects of volatile commodity supply chains, such as trading, procurement, enterprise risk management, logistics, scheduling, storage/inventory, processing, settlement, and accounting. It provides Commodity XL, a multi-market commodity and enterprise risk management solution that covers operational, market/price, counterparty credit, and corporate governance and regulatory compliance risks. The company also provides Commodity XL solution on application service provider model; commo...
301 Riverside Avenue
Westport, CT 06880
Founded in 1993
Key Executives for Triple Point Technology, Inc.
Chief Executive Officer and President
Chief Financial Officer and Executive Vice President
Chief Technology Officer and Senior Vice President
Chief Marketing Officer and Senior Vice President
Senior Vice President of Professional Services
Compensation as of Fiscal Year 2014.
Triple Point Technology, Inc. Key Developments
Anheuser-Busch InBev Selects Triple Point Technology, Inc.'s Commodity XL
Aug 1 13
Triple Point Technology, Inc. announced that Anheuser-Busch InBev (AB InBev) has licensed Commodity XL(TM). By choosing Commodity XL, AB InBev will gain a strong competitive advantage over companies that rely on spreadsheets to manage market volatility and complexity.
Triple Point Technology Launches Commodity XL for Agriculture 8.0
Jun 10 13
Triple Point Technology announced that it has launched Commodity XL for Agriculture(TM) 8.0. This major new release of Triple Point's award-winning Commodity Management solution increases profitability by optimizing all aspects of the agriculture supply chain from origination, elevation, storage, and processing to trading, hedging, and shipping. Commodity XL for Agriculture 8.0 provides originators and other agribusiness companies with a competitive advantage by empowering them with the real-time information required to react quickly to market changes, and delivering advanced business intelligence at all points across the agriculture supply chain. Commodity XL for Agriculture 8.0 features a new Origination Module that enables agribusinesses to more efficiently communicate with suppliers, expedite processing, and streamline reporting. The solution delivers significant new functionality and enhancements in the following areas: Trading: Empowers traders to outperform competitors and optimize profitability by enabling faster and more informed decisions in volatile and complex markets. P/L is broken out into all contributing elements, delivering business intelligence for continual improvement and better management of trade desks. Risk Management: Creates 'one version of the truth' across origination, elevation, storage, processing, trading, hedging, and shipping. Real-time sharing of data, advanced sensitivity analysis, and robust visualization tools deliver enhanced hedging and risk models. Supply Chain: Optimizes logistical decisions by capturing, modeling, and analyzing planned and actual costs/revenues across the full supply chain from procurement to settlement. Separate transactions are grouped together, providing insights into where trade margins are increased or decreased. Commodity XL for Agriculture is the only software solution for commodity and risk management that works across multiple commodities and geographies in real-time from the front- through the back-office. Commodity XL manages the complete agriculture supply chain including origination, elevation, storage, processing, trading, hedging, and shipping (import/export) on a single platform.
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.
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