Inatech, the energy trading risk management (ETRM) systems provider owned by Glencore, today announces a joint venture with Microsoft Dynamics partner Calsoft Systems to support the oil trading industry in the US as it transforms from an import to an export market.
Inatech, which provides intelligent cloud-based ETRM and fuel management software to the physical oil trading and marine industries, expanded its global operation with a new office in Houston, Texas, last year and secured its first US contract, with Petro-Diamond Inc. (PDI), the Californian oil-trading firm owned by Mitsubishi Corp. Inatech is working with Calsoft tore-engineer and digitalize PDI’s entire gasoline supply chain from its 600,000-barrel terminal in the Port of Long Beach, California. The two companies have now agreed to extend their collaboration to other projects.
“We were very impressed with the way Calsoft helped us to create a seamless back office system that fuses the best of Microsoft Dynamics with our own full chain of systems to support business processes from trading to transportation and delivery of oil,” said Jean-Hervé Jenn, Inatech CEO. “The combined product is truly a game changer in our market.”
Calsoft, with offices in Los Angeles, New York, Chicago, Tokyo and Nanning in southern China, provides Enterprise Resource Planning (ERP) solutions for hundreds of clients from travel agencies to manufacturers and distributors.
“We are always looking for new industries to expand into and Inatech, as the leader in systems for the global oil trading market, was a natural fit,” said Nem Bajra, President and CEO at Calsoft.
Calsoft is helping to adapt Inatech’s core oil-trading product, called Techoil, to PDI’s specific needs, which includes catering to wholesaler distribution of gasoline and refind and renewable fuel products through so-called rack marketing. PDI deals with leading companies including Royal Dutch Shell, Chevron, Phillips 66, Valero and Andeavor, as well as the key distributors, public transportation systems such as MTA, and government offices including the US military and police.
The two firms plan to work with petroleum wholesalers throughout the US.
Inatech is a leading global provider of intelligent cloud-based energy trading risk management (ETRM) and fuel management software to the physical oil trading and marine industries. Part of Glencore’s oil division, Inatech combines best-of-breed cloud technologies with in-depth industry expertise to enable companies to integrate, automate and optimize business processes, driving efficiency and revenue growth. Our customers benefit from an international delivery model that provides the competitive edge needed to thrive in today’s dynamic markets.