OpenLink, the global leader in trading, treasury and risk management solutions for the energy, commodities, corporate and financial services industries, has been named ‘Best Treasury Analytics Solution’ by Treasury Management International (TMI) in its 2016 Awards for Innovation and Excellence.
The award follows a highly successful year for OpenLink in the corporate treasury market. It has secured over 10 new client projects for top-tier commodity intensive corporates, replacing incumbent solutions no longer capable of supporting the business requirements.
Over recent years, OpenLink has focused on building out full treasury management functionality and best-in-class enterprise risk and credit reporting. Coupled with its heritage in the energy and commodities markets, OpenLink provides an integrated treasury and commodity price risk management solution on a single platform, enabling treasurers to have a greater understanding of their visible and invisible embedded risks.
Jack Large, cash and treasury management consultant and analyst for CTMfile, said: “Increasingly, corporate treasury departments are taking over commodity risk management as part of their overall responsibilities. With this focus and surrounding uncertainty in ownership and investment around other solutions in the market, OpenLink is well placed to challenge the traditional dominance in the top-tier treasury vendor space.”
Commenting on the award, John O’Malley, CEO of OpenLink, acknowledged: “Although OpenLink is a relatively recent entrant into the corporate treasury market, we have made a significant investment and massive strides in the space. Being recognized as the most sophisticated treasury analytics management solution is the culmination of a successful year.”
“For CFOs and treasurers in commodity intensive corporates, from airlines to food and beverage to manufacturers, access to top-quality analytics and full visibility has never been more important. In an environment of increasingly volatile markets, highly variable input prices and regulation, treasurers must have the technology in place to be masters of big data. It is now at the core of their role, and having the tools to manage and analyze historical and current data is a necessity rather than a luxury.”
Judged by a respected panel of industry experts, the TMI Awards for Innovation and Excellence in Treasury recognize banks, consultants, vendors and practitioners who are driving best practices in treasury management globally.