Fendahl to Deliver First CTRM Implementation in Vietnam
Vietnam – 20th of September 2019 Fendahl is pleased to announce that Pelio Tinnghia, a subsidiary of Tin Nghia Corporation, has selected Fusion CTRM Software to manage its complete Trading and Risk Management business processes.
This represents the first CTRM implementation within Vietnam, a testament to Vietnam’s unrelenting economic growth. Vietnam’s GDP rose by 6.8% in 2017 and accelerated to 7.1% in 2018.
Pelio Tinnghia is a fast-growing oil trading organization, recognised as a market leader within Vietnam. Pelio Tinnghia trade crude and refined products (Fuel Oil, Gasoline, Diesel, LPG, Naphtha, and Bitumen) as well as LNG, Coffee, and several other commodity products all of which will be completely managed in the Fusion CTRM solution
To meet the demands of a modern trading environment and to keep pace with competitors Pelio Tinnghia decided to implement a Trading & Risk Management system transforming from manual disparate solutions to a single enterprise wide solution. Pelio Tinnghia’s management prudently decided to evaluate CTRM systems available within the marketplace.
Pelio Tinnghia performed a competitive evaluation process which included scenario-based workshops. Pelio Tinnghia selected Fendahl Fusion CTRM as cornerstone of their Trading Risk Management eco-system. Only the Fusion CTRM solution was able to deliver on Pelio Tinnghia’s key requirements; rich multi-commodity capability, a modern system with an intuitive UI and the ability to deploy the software in a timely and cost-effective manner.
Fendahl has already kicked off the implementation at Pelio Tinnghia with Fendahl’s experienced professional services team working in partnership with Pelio Tinnghia to successfully deliver the project. Matthew White, CEO of Fendahl Technologies added “The addition of Pelio Tinnghia to our Asian portfolio is a testament to our steadfast dedication to the region and aligns with our strategic growth within South East Asia.”
Fendahl Technology is a rapidly growing global CTRM software and consulting company with a dedicated team of over 120 staff with offices in the Americas, Asia, and EMEA, serving a growing global client base across multiple commodity segments. Fendahl offices are located in the London, UK; Houston, USA; Dubai, UAE, Singapore and Nagpur, India.
If you would like to see the advantages of a next generation CTRM solution then click here to learn more about Fusion CTRM.