The only dedicated cloud-based oil trading software on the market
Who is it for ?
Companies involved in the trading and risk management of crude, refined products, alternative fuels and renewable energy credits.
Techoil is the only dedicated cloud-based oil trading software available on the market. With its pre-integrated ERP, it assists organisations in managing risk and the operations of complex integrated supply chains of crude and refined products, alternative fuels (such as LNG, LPG and Biofuels), renewable energy credits and financial derivatives. Techoil’s inbuilt intelligence provides constant monitoring and flexibility to ensure that margins are protected.
Techoil helps organisations streamline trading, hedging, credit, inventory, and cash flow. It also ensures lean operation management by handling different oil products and their varied supply chains and cost structures such as rail, road, ship or pipeline across different geographies.
In this complex environment Techoil is a platform that allows traders, marketers, operators, risk managers and finance personnel to exchange and collaborate through processes and systems that make the most of the markets in a secure, efficient and reliable manner. It also comes with an integrated BI tool to enable powerful reporting and analytics.
Techoil is a cloud-based, off-the-shelf and flexible product that easily integrates with other back-office applications and market data engines through standard APIs.
Techoil – Top 3 Key Benefits
Techoil is built with the knowledge and expertise of Glencore’s Oil division. It addresses the specific needs of the market in which oil traders operate and helps them with managing risk and operating the complex integrated supply chain which directly improves profitability.
Techoil is an ETRM Platform with a pre-integrated ERP which provides a consolidated view of the business and allows for real-time position management and intra-day profit and loss statements. Techoil covers everything from trading, hedging/risk management to inventory management and financial exposure.
Techoil helps effectively mitigate risks – market, counterparty and operational risks. Techoil’s “embedded BI” and powerful dashboards with drill down capability allow for real-time business indicators and exception management. It provides full visibility on physical and paper trades PnL thanks to real-time trades reconciliation capabilities.
Why choose Techoil?
A purpose built system for traders, wholesalers and bunkering.
Process trades straight-through to invoicing, making Techoil truly ERP agnostic
Manage inventory effectively through costing methodology such as weighted average, FIFO and LIFO
Real-time position management and intra-day profit and loss statements at your fingertips
Handle multiple modes of transportation – Vessel, pipeline, barge, rail & road
Pre-built hooks to many 3rd party systems and market data providers
A pre-integrated solution
As the industry starts to get used to working in a post IMO 2020 world, operators are facing up to the fact that they now need to deal with the additional costs of compliance. S&P Global Platts Analytics estimated that complying with the IMO’s...
Techoil ETRM - Delivering business change. In today’s marketplace it is essential to react immediately to changing business conditions. However when current systems make that impossible the business suffers. That was the situation faced by one of...
From manual processes to automation. This Saudi-based oil trading company was still recording its trades manually via spreadsheet. This meant the company couldn’t: • Accurately monitor trading procedures or assess the profit and loss of every...
Get in touch
United Kingdom: +44 2036 09 8617
United States: +1 925 392 0448
India: +91 80 4074 8800
UAE: +971 4375 8494
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Supercharge your bunkering, trading, and fuel procurement operations using our cloud based energy trade and risk management and fuel management software.