CoreTRM Pte. Ltd., the Singapore-based provider of commodity trading and risk management system (CTRM) solutions, today announced that a customer has successfully implemented CoreTRM to handle its coal trading and risk management in Europe and Asia.

With its bases in Singapore and Switzerland, the company’s major focus is the sourcing and supply of steaming coal, coking coal, metallurgical coke and petroleum coke, from various origins such as Indonesia, Australia, South Africa, United States and Colombia, for delivery to customers worldwide. CoreTRM has been deployed in Singapore first and then adopted in Switzerland to manage the group’s trading and risk management.

The CoreTRM SaaS solution that was chosen to replace the company’s in-house system, provides control and total transparency across the entire trading and risk management operation, from contract capture through to accounting.

A member of the customer’s management said “We were looking for a scalable solution for our Singapore business, which offered the capability to be rolled out to manage the rest of our organisation over time. CoreTRM was strongly recommended to us by existing users of the system who particularly cited the depth of functionality, technical superiority and customer service.”

“CoreTRM is an impressive SaaS solution that delivers high levels of speed, security and reliability. We are delighted with how the CoreTRM team has adapted the solution in just a few short months to our needs.”

Ron Garden, CEO of CoreTRM commented that, “We are delighted to welcome another client to our growing customer base and are pleased to have completed another rapid and successful implementation of CoreTRM. CoreTRM was designed to be a cross-commodity platform and our successful implementation clearly demonstrates our ability to quickly adapt the system to different asset classes without significant changes to our architecture. We look forward to building on the realization of this project as we add further coal customers and asset classes to our portfolio.”