Dubai, UAE – 24th of November 2020
Fendahl’s Fusion CTRM solution has successfully gone live at Nova Lux Oil & Gas, a well-established Dubai based oil and gas trading company.
After a competitive CTRM selection process, Nova Lux has gone live on Fusion CTRM in just 4 weeks. Nova Lux chose the next generation Fusion solution because Fusion offered; superior oil and refined products trading functionality, a low long-term cost of ownership, enabled remote working for employees though workflow and task management, and a variety of mobile applications.
Important to Nova Lux’s decision was Fusion CTRM’s end to end functionality of their trading and logistics functions along with seamless integration between departments with automated workflow. Nova Lux had unsuccessfully engaged with other CTRM vendors but chose Fendahl due to its depth of knowledge in oil and gas along with a history of ultra-fast deployments ensuring a maximum return on investment from the project.
Remotely Delivered Project – The project was successfully delivered on a remote basis due to Covid-19, with the Fendahl project team spending zero days on-site. Fendahl and Nova Lux’s project teams worked closely to deliver the project ahead of schedule and within budget. The project was primarily delivered by Fendahls’ specialists in India with one of the three project weeks falling during the major festival of Diwali without affecting or delaying the project.
About Nova Lux Oil and Gas
Established in 2017 in the United Arab Emirates, Nova Lux Oil and Gas Company has rapidly established itself in the oil and petrochemical industry of the region with its vast product range and unique service proposition. Nova Lux trades a number of petroleum products, including but not limited to light distillates, Naptha, Gasoline, Gasoil, MGO, Fuel Oil, Methanol and MTBE.
Fendahl Technology is a rapidly growing global CTRM software and consulting company with a dedicated team of over 135 staff with offices in the Americas, Asia, and EMEA, serving a growing global client base across multiple commodity segments. Fendahl offices are located in the London, UK; Houston, USA; Dubai, UAE, Singapore and Nagpur, India.
If you would like to see the advantages of a next generation CTRM solution then click here to learn more about Fusion CTRM.