Commodity Management BlogInnovative Ideas and Thought Leadership for Volatile Commodity Marketplace
I recently had the opportunity to sit down with Carlos Lebrija, VP of Solution Development at Triple Point, to discuss Triple Point’s unique partnership with SAP and highlights of the recent Commodity SL 7.3 release.
Q: What is Triple Point’s partnership with SAP?
Carlos: Triple Point and SAP co-developed a commodity trading, risk, and operations software platform — Commodity Management™ — which utilizes best-of-breed components from both SAP ERP and Triple Point’s Commodity SL™. Commodity SL is the only solution endorsed by SAP in the commodity trading and enterprise risk management area.
Q: How did the partnership with SAP evolve?
Carlos: Through a very rigorous due diligence process, SAP picked Triple Point to partner with form all other major competitors in the CTRM space. That speaks volumes not only to our solution, but also to the people in our organization that helped influence that decision. Over the years, our work together has only gotten tighter, the result of which is Release 7.3.
Q: Describe the early days on the project…
Carlos: In the early days of 2005, it was just a handful of people from Triple Point and SAP working via multi-hour, multi-screen, multi-whiteboard conference calls. Today, there are over 70 people across both organizations working to service and bring innovation to Commodity SL customers and prospects every day.
Q: What makes Commodity SL 7.3 so significant?
Carlos: The 7.3 release provides full front-to-back integration — incluging master data, physical trades, logistics and settlement — for the first time. Commodity SL is now on equal footing with the Commodity XL platform.
Q: What are the high points of Release 7.3?
Carlos: As we laid the foundation of Commodity SL, we learned more and more about SAP and how it worked. This enabled us to develop tight integration with SAP methodology, dramatically reducing integration risk. In 7.3, the integrated solution now fully supports the most crucial elements of a complete physical trading scenario, including provisional pricing; secondary costs; a logistics model that matches SAP’s document structure; user-friendly message monitoring; and an incredibly robust technical infrastructure with automated log reprocessing, to name just a few.
Q: Now that Commodity SL is a full-blown solution, what’s next for Industry Solutions?
Carlos: We always have a few tricks up our sleeve…