October 18, 2018 – TRMTracker.com, the award-winning CTRM Software-as-a-Service (SaaS) offering powered by Pioneer Solutions, announced today that Barak Fund Management Limited (Barak) has selected its cloud-based Risk Management solution to better manage physical logistics and accounting, support the growth of Barak’s multi-commodity operations.
Established in 2008, Barak is a privately-owned investment manager with assets under management in excess of USD 1 billion. As investment manager to Barak Fund SPC Limited, Africa’s leading alternative credit financier, Barak originates, and manages structured commodity-backed transactions across more than 30 African countries. Barak’s portfolio includes 100+ counterparties across 20 countries, covering physical commodities, including Softs/Agriculture, Iron Ore, Metals, and Energy.
“To support our growth and expansion, Barak recognized it required an integrated and agile solution to automate its front-to-back processes including very robust logistics capability”, said Vincent Freemantle, COO at Barak. “We selected TRMTracker.com because it offered exactly that, a comprehensive CTRM solution that is flexible, scales rapidly, and with an innovative self-serve configuration approach makes it compelling for our staff, and cost-effective for our company.”
TRMTracker.com differentiates from other C/ETRM SaaS offerings by providing a standard set of ‘enterprise-grade’ tools across the Front, Mid and Back office functions, including workflow, data import and innovative reporting capability. TRMTracker.com does not have the restrictions of preconfigured solutions. Instead, within the provided set of functionalities, customers can configure their CTRM software to fit their business from front to back office. After receiving a short tutorial and some basic implementation support, the user can do this self-configuration and expect to be up and running in weeks
“We are very pleased by this selection and excited to be working with a pioneering company like Barak Fund Management”, said Hugo Stappers, Director of Sales & Marketing EMEA at Pioneer Solutions. “We see increasing recognition that TRMTracker.com is delivering what the markets want: a less costly solution, proven functionality that is implemented faster with reasonable flexibility as companies’ businesses change. We look forward realizing these improvements for Barak.”
Pioneer Solutions is a global provider of C/ETRM, environmental management, and financial and regulatory compliance solutions. Serving utilities and trading companies across the globe, Pioneer’s suite of flexible software applications delivers easy-to-use and integrated functionality for Trade Capture, Position Analysis, Portfolio Management, Risk Reporting and Settlement, thereby providing the insight and granularity to manage operations optimally. The company’s pioneering and award-winning software offers a user-configurable environment designed for rapid deployment, resulting in a lower total cost of ownership and enhanced customer satisfaction.