SOURCE: Triple Point Technology
WESTPORT, CT--(Marketwire - Aug 28, 2012) - Triple Point Technology, the leading global provider of cloud and on-premise Commodity Management software, announced today that Commodity SL™ (CSL) 7.5 has completed and passed SAP's Solution Qualification testing. CSL, an SAP-endorsed business solution, is designed to work seamlessly with SAP® ERP. CSL is the only SAP-endorsed business solution for commodity trading and risk management (CTRM).
Together, CSL and SAP ERP provide an integrated, scalable, end-to-end solution for the sourcing, selling, trading, and logistics processing of commodities. The co-developed solution is fully tested by SAP and Triple Point, eliminates the need for custom integration, and provides a shared customer support program.
"Commodity SL and SAP ERP work together seamlessly, enabling companies to make faster and better decisions by providing enterprise-wide visibility into their real-time physical and financial positions," said Carlos Lebrija, vice president, solutions director, Triple Point. "Triple Point is committed to ensuring continued, complete integration between CSL and SAP ERP so that customers can achieve effective Commodity Management with minimum cost and risk."
Leading companies in diverse industries including consumer products, food and beverage, oil and gas, and mining have chosen to deploy Triple Point and SAP's co-developed solution. For more information, visit tpt.com/SAP_partnership.aspx.
About Triple Point Technology
Triple Point Technology® is the leading global provider of cloud and on-premise Commodity Management software that delivers advanced analytics to optimize end-to-end commodity and energy value chains. The company provides real-time, innovative solutions to competitively address the complex and volatile commodities supply chain: buying, selling, trading, and procurement; enterprise risk management; scheduling and logistics; storage; processing; and settlement and accounting.
Triple Point's Commodity Management platform enables over 400 customers in 35+ countries to profitably manage exposure to energy and raw materials across industries, including energy, metals, minerals, agriculture, transportation, shipping, consumer products (CP), industrial manufacturers, and big box retailers. Triple Point was named a "Leader" in Gartner's ETRM Magic Quadrant for its completeness of vision and ability to execute in 2009, 2010, 2011, and 2012. Founded in 1993, the company employs over 800 staff in 14 offices and support centers around the globe. www.tpt.com.