July 24, 2014 1:03 AM ET


Company Overview of OpenLink Financial LLC

Company Overview

OpenLink Financial LLC provides transaction lifecycle management software solutions. It offers CubeIntelligence, a business intelligence platform to serve the advanced risk management reporting needs of companies that trade commodities and capital markets; Endur, a front to back office commodities trading and risk management solution; and Findur that offers transaction lifecycle support for trading, investing, hedging, and funding multiple asset classes. The company also provides IRM, a platform for energy trade processing from front to back office; OASES, a strategic sourcing and commodities management solution; RightAngle, a commodities trading and risk management solution; SMARTsoft, a tr...

1502 RXR Plaza

West Tower

15th Floor

Uniondale, NY 11556-1502

United States

Founded in 1992

626 Employees





Key Executives for OpenLink Financial LLC

Chief Executive Officer and President
Age: 60
Chief Financial Officer
Age: 54
Executive Vice President of Global Operations and Support
Chief Technology Officer and Executive Vice President
Age: 53
Senior Legal Counsel and Senior Vice President
Compensation as of Fiscal Year 2014.

OpenLink Financial LLC Key Developments

Baringa Partners and OpenLink Partnership Sees Record Implementation for TrailStone

Baringa Partners has completed a record-breaking system implementation for new commodity trading venture TrailStone. The project was delivered in partnership with OpenLink. Selected on the strength of their combined experience and reputation, Baringa Partners was engaged to implement OpenLink's Endur commodity trading and risk management (CTRM) platform in an accelerated time frame. Baringa Partners ran a complex programme of work, which saw individual streams of the Endur platform brought online in concurrent stages. An innovative delivery approach utilising OpenLink's new standard content model, consisting of pre-defined configurations for trading systems, saw the first phase - Continental Europe power - operational within 12 weeks. The TrailStone programme was the first major European implementation of OpenLink's standard content implementation model which enables market participants to fully execute and extend their trading to new volumes, commodities or markets, and be rapidly live. The first release to go live was in August last year. Five further releases have been delivered in 13-14 week phases over the last 12 months using the same delivery model, with the final standard content release delivered in April 2014. The live scope now covers: European power, financial base, precious metals and financial oil, plus coal and agricultural products. This programme has been a record time-frame implementation for both Baringa Partners and OpenLink. TrailStone was also the first organisation to receive Version 12 of the Endur platform, which includes new features such as desktop enhancements and mobile applications, trader and management dashboards, reconciliation management reporting and business intelligence functionality.

OpenLink Financial LLC Releases New Direct Spend Analytics and Forecasting (DSAF) Solution

OpenLink Financial LLC announced the release of a new Direct Spend Analytics and Forecasting (DSAF) solution. OpenLink's DSAF offering, the latest in a series of solutions designed to improve the transparency of commodity exposure for Consumer Packaged Goods (CPG) companies, was introduced in London at the World Procurement Congress on 19-20 May 2014. Globalization of production and procurement, together with the proliferation of big data across disparate systems, pose challenges to manufacturers of finished goods in obtaining a clear view of their direct spend. OpenLink's DSAF solution provides end-to-end transparency into all points in the value chain, from the procurement of raw materials to the sale of finished goods. Key performance indicators (KPIs), which would otherwise take weeks to produce, are available in real-time with customizable dashboards for finance, risk management and procurement. CFOs, procurement and plant managers, and heads of risk can manage the volumetric and financial risks associated with raw materials and packaging procurement using DSAF. The new solution will gather data from production forecasts and targets, manage recipes and bills of material, raw materials coverage, plan price and volume benchmarks, transactions, sale volumes and prices for finished goods sold, down to the stock keeping unit level. OpenLink's solution helps procurement, finance, risk and plant management to measure organizational performance through dedicated KPIs, make decisions based on up-to-date metrics and then evaluates and predicts the impact of events on cash flow and budgets. Operational improvements are made by alignment of inventory and forward commitments with production forecasts and the deployment of more effective strategies to mitigate the impact of supplier failure.

OpenLink Releases Cloud-Based Business Intelligence for EMEA

OpenLink Financial LLC announced the availability of cloud-based business intelligence solutions for the EMEA region. An extension of OpenLink's CubeIntelligence portfolio, this new offering is being unveiled at E-world. Institutions will now have access to OpenLink's CubeIntelligence applications without a direct install, allowing them to reduce implementation time, lower maintenance costs and improve efficiency, with the ability to scale operations when needed. In addition, the solutions offered through the cloud help firms remain agile and adaptable to the ever-changing regulatory environment in the EMEA region and globally. The new cloud-based suite of OpenLink's CubeIntelligence solutions will offer Credit Risk: For exposure and limit management, historical trend analysis and OTC margining. Analytics: For reporting of market and credit risk simulations for CVA, PFE CVaR and VaR. Scoring: To conduct internal scorecard and rating analysis. Positions: For aggregating positions and P&L across multiple trading systems and performing historical analysis.

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