Dubai, UAE – 5th of March 2019 Fendahl is pleased to announce that IKON Group has selected Fusion CTRM Software to manage to its trading and risk management business processes.
Founded in 2012 in the UAE, IKON Group is a well-established oil trading organization with offices in the UAE, Iraq, Singapore, Geneva, UK and China. IKON Petroleum trade crude and refined products (Fuel Oil, Gasoline, Diesel, LPG, Naphtha, and Bitumen).
In order to keep pace with rapid growth within Oil & Gas Sector Ikon saw the benefits of upgrading its trade control systems. The Management Team at IKON Petroleum has an ambitious long-term vision and sees the implementation of Fusion CTRM software as a means to guide business strategy, reinforce best practices and enhance growth.
IKON Petroleum performed a competitive evaluation process which include scenario-based workshops. IKON Petroleum selected Fendahl Fusion CTRM. Only the Fusion CTRM solution was able to provide the; modern, flexible, feature rich functionality required to manage IKON Petroleum’s business rapidly growing business.
“Fusion CTRM is a modern CTRM system that provides clear advantages over competing solutions. Our key requirements when selecting a system were; rich oil trading functionality and the ability of a system to support business best practices across our business. The Fendahl team were also able to demonstrate a superior level of oil industry knowledge, which will be put to good use during the implementation project. “– James Poletti – COO Trading & Business Development, IKON Group
The implementation of Fusion CTRM at IKON Petroleum is due to begin shortly and members of Fendahl’s experienced professional services team will be working in partnership with IKON Petroleum to successfully deliver the project.
Fendahl Technology is a rapidly growing global CTRM software and consulting company with a dedicated team of over 120 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.