SOURCE: Triple Point Technology

November 16, 2009 04:00 ET

Unilever Selects Triple Point to Manage Commodities Procurement and Enterprise Risk

Supports Establishment of Global Commodities Buying Unit

LONDON--(Marketwire - November 16, 2009) - Triple Point Technology®, the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that Unilever has selected Triple Point's SAP-endorsed Commodity SL™ to optimize commodity management across agricultural raw materials and business units.

Unilever is one of the world's largest Consumer Products (CP) companies and the global market leader in all food categories in which it operates. Unilever produces some of the world's best known brands including Dove, Ben and Jerry's, Popsicle, Lipton, Hellmann's, Wishbone and Vaseline. In 2008 the CP company generated annual sales of Euro 40.5 billion and has approximately 174,000 employees in almost 100 countries.

Unilever selected Triple Point's SAP-endorsed commodity management solution to support the establishment of a Global Commodities Operating Team charged with optimizing raw material procurement. The centralized group will consolidate buying activities across all commodities and business units, allowing Unilever to proactively react to market changes and protect margins.

"Triple Point's joint commodity management solution with SAP enables Unilever to consolidate commodities procurement within an integrated platform, greatly increasing efficiency and improving risk management capabilities," said Seref Alptekin, Operations Director, Capabilities, Unilever. "With the price volatility we've seen in raw materials over the last several years, it's critical for Unilever to have the best risk management infrastructure in place."

"For any company that makes or moves products, an increasingly important aspect of profit and loss will be found in proactively managing the cost volatility of raw materials and fuels," said Peter F. Armstrong, president and CEO, Triple Point. "In just the last 45 days, we've added three major consumer product companies. These companies, along with manufacturing organizations, are turning to Triple Point for the same sophisticated systems we've traditionally provided to energy and commodity trading companies to manage volatility and mitigate risk."

About Commodity SL

Triple Point's Commodity SL™ is one of only 22 SAP-Endorsed Business Solutions (EBS) worldwide and the only EBS in the commodity trading and risk management space. Commodity SL pre-integrates with the SAP® ERP application to optimize profits across the commodities supply chain. The tightly integrated software is fully tested by SAP, eliminating the need for custom integration. It also delivers a common maintenance program and technology platform, providing the highest value at the least risk. Commodity SL seamlessly integrates Triple Point's real-time, market-based portfolio and enterprise risk management capability with SAP's advanced logistical and accounting solutions to deliver cutting-edge application functionality and decision support.

About Triple Point Technology

Triple Point Technology® is the leading global provider of multi-market commodity and enterprise risk management software solutions. Triple Point's Commodity XL profitably integrates physical and financial markets on a real-time, service-oriented architecture (SOA) platform for commodities including power, oil, gas, coal, emissions, base and precious metals, agricultural products, biofuels and freight. In addition to Triple Point's award-winning commodity and energy trading software being used by more than 25 percent of both Global 500 commodity trading and Global 500 energy companies, other organizations with large raw material and energy exposure, including consumer products (CP), discrete manufacturers and big box retailers, are quickly adopting the Triple Point solution. Triple Point, headquartered in Westport, Connecticut, USA, was founded in 1993 and serves clients from nine development and support centers located around the globe. More information is available at

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