Mocoh SA, supplier of crude and refined products, has selected Allegro Development Corp.’s commodity trading and risk management (CTRM) software solution to manage and mitigate risk, increase operational controls and support rapid growth.
Since Mocoh’s inception, Africa has been the company’s focus, as evidenced by its unrivalled expertise and wide network of relationships across the continent. Key to the company’s growth is its commitment to client needs, including the company’s ability to add value to complex price risk and exposure.
To support its growth, Mocoh required a CTRM software platform to replace its homegrown commodity management solution. The company identified the need for an enterprise solution with a component architecture that streamlines business processes, enables robust risk management, improves operational control, and provides timely and accurate data for better decision support.
The company used the advisory services of capSpire, a global consulting and solutions company with a focus on energy and commodities, to analyse and select Allegro’s ETRM software platform.
“We surveyed all the major solutions in the market and Allegro’s proven industry track record, software extensibility, and domain expertise made its solution the obvious choice for Mocoh’s trading and risk management strategy,” said Michael Hacking, CEO, Mocoh SA. “I look forward to implementing an enterprise solution that will meet Mocoh’s current and future needs for greater risk management and operational efficiency while also enabling continued growth.”
Jonathan English, SVP, Global Sales, Allegro Development, commented: “Mocoh’s choice of Allegro is further testament to the fact that the world’s top crude and refined companies continue to choose Allegro’s flexible and scalable CTRM software solution as it offers the greatest depth and breadth of all available solutions.”
Read the article online at: https://www.hydrocarbonengineering.com/refining/21062018/mocoh-selects-ctrm-software-to-assist-growth/