DALLAS--(BUSINESS WIRE)--
Allegro
Development Corporation, a leading provider of energy trading and
risk management (ETRM) software, announced today that EPIC Aviation
(EPIC) has selected the Allegro 8 platform to support its jet fuel and
avgas supply, commercial sales, risk management, and hedging activities.
The single integrated system provides EPIC with position visibility,
logistics optimization, streamlined business processes, and the
scalability to effectively support the company?s growth plan.
EPIC is an aviation fuel supplier with primary operations throughout the
U.S. and Canada. The company?s supply network of nearly 400 locations
utilizes major refineries, pipelines, railcars, and terminals to serve
over 4,000 diverse customers, including airlines, cargo operators,
business aviation flight departments, fixed base operators, and
resellers.
?Allegro 8 offers EPIC the flexible technology architecture and ability
to customize the software to fit our business, as well as the
scalability to support system requirements as we develop new product
offerings,? said EPIC Aviation COO, Max Narro. ?The solution will
streamline our business processes, enable efficiency across our supply
network, and provide the market insight for better decision making in
sales orders, risk management, and logistics to better serve our
customers.?
Replacing a number of legacy systems with a single, streamlined solution
will provide EPIC numerous business benefits, including:
- Enhanced productivity with the elimination of cumbersome order input
and the addition of tools to quickly and efficiently capture orders in
real-time with templates and automated transaction processes - Superior market decision making with real-time transparency into
physical and financial positions - Timely, accurate counterparty credit analysis with flexible credit
scoring and collateral management - Tools to better manage commodity price risk and hedging activities
associated with jet fuel purchases - Optimized logistics management with the ability to effectively
schedule and track the transport and storage of jet fuel - Greater accuracy in the valuation of inventory, inclusive of all third
party costs
About Allegro
Allegro is a global leader in energy trading risk management solutions
for power and gas utilities, refiners, producers, traders, and commodity
consumers. With more than 27 years of deep industry expertise, Allegro?s
enterprise platform drives profitability and efficiency across front,
middle, and back offices, while managing the complex logistics
associated with physical commodities. Allegro provides customers with
agile solutions to manage risk across natural gas, power, coal, crude
oil, petroleum products, emissions, and other commodity markets,
allowing decision makers to hedge and execute with confidence.
Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston,
London, Singapore, Sydney, and Zurich, along with a global network of
partners. www.allegrodev.com
Article source: http://finance.yahoo.com/news/epic-aviation-selects-allegro-trading-113000021.html
Printed from: http://www.t3btradingstrategies.com/onlinestocktradingstrategies/epic-aviation-selects-allegro-trading-risk-management-solution .
? T3B Trading Strategies 2012.
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