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EPIC Aviation Selects Allegro Trading & Risk Management Solution

Dépèche transmise le 1 février 2012 par Business Wire

EPIC Aviation Selects Allegro Trading & Risk Management Solution

EPIC Aviation Selects Allegro Trading & Risk Management Solution

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.

“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.”

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

Business Wire

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