The Chemical Industry Commodity Management SolutionManage enterprise position, coverage, and risk
The Chemical Industry Commodity Procurement Solution – Commodity XL
Raw Material and Commodity Procurement
Chemical companies convert raw materials (oil, natural gas, air, water, metals, and minerals) into more than 70,000 different products that are central to the modern world economy. Chemical companies have faced rapidly rising and volatile commodity prices over the last few years which can harm profitability, shareholder value, and credibility with analysts.
Chemical companies must implement commodity management best practices to optimize margins. Traditional Purchasing Department strategies and processes such as “buy to budget” must be revamped to a more proactive “market-based” procurement and risk management program.
The Chemical Industry Commodity Management Solution
Commodity XL® is the leading commodity and enterprise risk management solution for procurement to balance between profitable purchasing, coverage requirements, supply chain movements, risk management policies, and accounting regulations in today’s volatile and complex environment.
Integrated Demand Planning
Commodity XL Strategic Planning and Procurement™ (SPP) manages, measures, analyzes, and reports supply coverage against the demand plan at both roll-up and granular levels. SPP maps hedge gains, losses, and costs to commodity purchases to understand and analyze the “true” P&L of finished products.
Supply Chain Planning and Optimization
Triple Point’s WAM Supply Chain Solutions deliver a comprehensive set of visualization and decision support tools that address the unique challenges of managing complex process supply chains. Advanced functionality optimizes every aspect of the supply chain from demand management and distribution planning through production scheduling and sourcing. WAM Supply Chain Solutions provide all the tools required for developing accurate plans that maximize profitability and productivity.
Price Risk Management
Commodity XL provides sophisticated tools for portfolio stress testing and sensitivity analysis to run what-if trades. Commodity XL analyzes real-time position and exposure — market, volumetric, credit, delivery, and FX risk — at granular and rolled-up levels for optimized price risk management.
Supplier Risk Management
Commodity XL for Supplier Management™ proactively measures, manages, and mitigates the risk arising from supplier default and addresses the entire supplier risk process with a full range of analysis tools.
Chartering and Vessel Operations
Chartering and VesselOps™ provides the leading software for owners, operators, and charterers to manage commercial chartering and vessel operations. Chartering and VesselOps efficiently handles all chartering, post-fixture activities including freight risk management, and financial aspects of commercial vessel operations.
Commodity XL for Hedge Accounting™ manages the daunting set of requirements under hedge accounting regulations, including the detailed testing, documentation, and reporting that must be performed in order to qualify for hedge accounting status. The solution ensures full compliance with ASC 815 (FAS 133), ASC 815-10 (FAS 161), IAS 39 (IFRS 9) and similar national hedge accounting regulations.
Fair Value Disclosure
Commodity XL for Fair Value Disclosure™ provides the tools and framework to define, measure, and manage fair value levels and meet all disclosure requirements for ASC 820 (FAS 157) and IFRS 7 compliance.
Commodity XL – The Complete Solution for the Chemical Industry
Commodity XL provides an enterprise view of position, coverage, and risk for increased transparency and manages multiple commodities on an integrated platform. It delivers superior, real-time business intelligence for proactive decision-making and competitive advantage.