April, 22nd. Enuit LLC announced today that ITOCHU Corporation has gone live with the second phase of their ENTRADE implementation supporting their fuel requirements in Tokyo. ITOCHU Corporation which has a rich history, dating back to 1858 has 100 bases in 62 countries and is one of the leading Sogo Shosha engaging in domestic trading, import/export, and overseas trading of various products. In 2019, ITOCHU began working with Enuit to develop a new system for their Tokyo Power and Fuel Business including their Singapore Fuel Business. ITOCHU Corporation sought to implement a solution that would be scalable as they continue to grow and one that could support their Credit and Risk management and accounting process. The new ETRM system (ENTRADE®) will: Enforce risk management by ensuring transparency of positions in the different business lines. Allow ITOCHU Corporation to analyze P&L across months and products and departments. And allow them to set operational standards within departments and standardize managerial and operational reports. Tony Teo, Managing Director of Enuit Singapore said “It has been a great pleasure to work with ITOCHU Corporation. Given the difficulties that 2020 posed for global interactions and the way traditional implementations took place, the ITOCHU Corporation and… continue reading
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Source: CTRM Center