19th of July 2022 – Zug, Switzerland, Novada Commodities goes live with Fendahl’s Fusion CTRM Solution. Located in Zug, Switzerland; Novada’s primary focus is the sourcing of a broad range of coal qualities for electricity production and industrial use.
During the second half of 2021, to help manage the risk associated with a growing commodity trading business, Novada carried out a highly competitive Commodity Trading Risk Management (CTRM) system evaluation process. This extensive process resulted in the selection of Fendahl’s Fusion CTRM solution to meet Novada’s commodity risk management needs. Contractual negotiations concluded in February 2022 and implementation commenced in March.
We are now pleased to announce that after an implementation effort of 4 months, Novada has successfully gone live with the Fendahl Fusion CTRM solution.
“Having implemented several CTRM systems in the past with mixed results, we are glad to say that the experience with Fendahl was a very positive one. The project was carried out with a mixture of onsite and remote work, and we found the Fendahl team to be very knowledgeable and easy to deal with. The project was successfully delivered in 4 months, on time and within budget with good project discipline. We were also kept well informed on a weekly basis throughout.”
Neil Sparrow, Head of Operations Novada Commodities AG.
Novada provides state of the art supply solutions and manages physical sourcing by enhanced opportunities along integrated supply chains. Novada conducts origination, freight and financial services with a primary focus on the origination of the broad range of coal qualities for electricity production and industrial use.