Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Triple Point Technology Inc. : YES Bank Selects Triple Point to Manage Bullion Business

12/19/2012 | 06:06am US/Eastern
Recommend:
0
India's Fastest Growing Bank Chooses Commodity XL for Precious Metals

Pune, India (19 December, 2012) - Triple Point Technology, the leading global provider of cloud and on-premise Commodity Management software, announced today that YES Bank has licensed its Commodity XL for Precious Metals™ software to manage gold and silver bullion wholesale and retail distribution operations.

YES Bank is one of the top five largest private sector banks in India, and has been recognized as India's fastest growing bank by several sources including Bloomberg UTV and Businessworld. The bank serves corporate and retail customers at over 380 branches in 275 cities.

YES Bank required a state-of-the-art enterprise solution to seamlessly manage all aspects of the precious metals supply chain while supporting extensive regulatory compliance requirements. The company selected Commodity XL for Precious Metals because it is the only end-to-end solution providing integrated management for supplier trading, inventory and consignment control, sales administration, and retail bank operations while delivering unparalleled compliance functionality. Commodity XL will help YES Bank meet domestic and international regulatory requirements by providing a real-time, enterprise-wide view of exposure and automatically generating compliance documentation.

Commodity XL for Precious Metals is the leading solution for the treasury bullion business, with more than 60 percent of all gold imported to India transacted through the solution. Triple Point bullion customers include Diamond India, HDFC Bank, ICICI Bank, Karur Vysya Bank, Kotak Mahindra Bank, State Bank of India, Su-Raj Diamonds, and the Indian Bullion Market Association (IBMA). For more information, visit tpt.com/precious-metals.

About Triple Point Technology
Triple Point Technology® is the leading global provider of cloud and on-premise Commodity Management software that delivers advanced analytics for optimizing end-to-end commodity and energy value chains. The company provides innovative solutions for managing all aspects of volatile commodity supply chains: trading, procurement, enterprise risk management, logistics, scheduling, storage/inventory, processing, settlement, and accounting. Over 400 customers in 35+ countries across industries including energy, metals, minerals, chemicals, agriculture, shipping, consumer products, food and beverage, retail, and manufacturing depend on Triple Point solutions. Triple Point was named a "Leader" in Gartner's ETRM Magic Quadrant in 2009, 2010, 2011, and 2012. The company employs over 800 staff in 14 offices and support centers worldwide. www.tpt.com

distributed by
Recommend :
0
React to this article
Latest news
Date Title
<1m ago DANONE : Outsourcing customer service risks jobs
<1m ago COLFAX : Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)
1m ago PXP VIETNAM FUND : 24 April 2014 - PXP Vietnam Fund - Form of Proxy (for shareholders)
1m ago TYRATECH : USA patents for pest control compositions secured
1m ago PXP VIETNAM FUND : 24 April 2014 - PXP Vietnam Fund - Form of Direction (for DI holders)
1m ago PXP VIETNAM FUND : 24 April 2014 - PXP Vietnam Fund - AGM Circular 2014
1m ago PXP VIETNAM FUND : 24 April 2014 - PXP Vietnam Fund - Notice of AGM 2014
1m ago FRENCKEN : Resolutions Passed At The Annual General Meeting And Extraordinary General Meeting
1m ago HI CRUSH PARTNERS : Announces Timing of First Quarter 2014 Financial Results and Conference Call
1m ago PACIFIC ALLIANCE CHINA LAND : Pacl nav
Latest news
Advertisement
Hot News 
SERVICEPOWER TECHNOLOGIES : Forms Strategic Relationship with Bosch
TRANS SIBERIAN GOLD : Asacha mining and production update
TRISTEL : 24/04/14 UHCW RNS Reach
THEOLIA VR : 2013 annual results
CREE : Patent Application Titled "Light Emitting Devices for Light Emitting Diodes (Leds)" Published Online
Most Read News
2h ago Juicy Apple buoys shares, euro volatility sinks
4h ago BLUNT BAYERN GIVEN A REAL MASTERCLASS ; CHAMPIONS LEAGUE Semi-final first leg
1d ago BUFFETT : moving oil by rail safely major industry concern
1d ago ACTIVISION BLIZZARD : Newest Skylanders® Game - Skylanders Trap TeamTM - Takes Toys-to-Life Phenomenon to New Levels by Bringing Digital Characters into the Physical World
1d ago WAL MART STORES : -Mart says former CEO Scott to retire from board
Most recommended articles
2h ago Juicy Apple buoys shares, euro volatility sinks
1h ago FTSE hits six-week high, miners lead
2d ago Barclays joins retreat from commodities as new rules bite
7d ago BLACKSTONE : earnings rise 30 percent, boosted by private equity gains
2m agoDJMOL MAGYAR OLAJ ES GAZIPARI NYRT : to Spend $1 Billion on Acquisitions This Year
Dynamic quotes  
ON
| OFF