|By Business Wire||
|February 5, 2013 03:01 AM EST||
OpenLink Financial LLC (OpenLink), the global leader in Transaction Lifecycle Management (TLM) software, announced today the availability of cloud-based business intelligence solutions for the EMEA region. An extension of OpenLink's CubeIntelligence portfolio, this new offering is being unveiled at E-world this week.
Institutions will now have access to OpenLink’s CubeIntelligence applications without a direct install, allowing them to reduce implementation time, lower maintenance costs and improve efficiency, with the ability to scale operations when needed. In addition, the solutions offered through the cloud help firms remain agile and adaptable to the ever-changing regulatory environment in the EMEA region and globally.
David Priestley, founder of CubeLogic and Managing Director at OpenLink, said: “Bringing our market leading business intelligence applications to the cloud underlines our commitment to become the leading player in this rapidly evolving market. Business intelligence is the ideal tool to help organizations meet the increasing demands of regulators and shareholders and to derive value from underlying trading and accounting systems.”
The new cloud-based suite of OpenLink’s CubeIntelligence solutions will offer:
- Credit Risk: For exposure and limit management, historical trend analysis and OTC margining
- Analytics: For reporting of market and credit risk simulations for CVA, PFE CVaR and VaR
- Scoring: To conduct internal scorecard and rating analysis
- Positions: For aggregating positions and P&L across multiple trading systems and performing historical analysis
Dr. Markus Seiser, the new head of OpenLink EMEA, commented: “We have seen unprecedented interest from customers across all target sectors in using business intelligence to improve their risk management controls and reporting. This new cloud-based product range will allow customers to benefit from this world-class technology without the costs and timeframes associated with an on-site software installation. OpenLink is pleased to provide market participants with a quick and reliable solution for to proactively manage the increased regulatory requirements in the region.”
OpenLink is exhibiting at the E-world Energy & Water conference in Essen, Germany, on Feb. 5-7, 2013, in Hall 3 at Stand # 3-426.
Founded in 1992, OpenLink (www.openlink.com) is the global leader in transaction lifecycle management solutions for the commodity, energy and financial services industries. OpenLink’s products address portfolio management, trading, risk management, and operations processing for both financial and physical assets.
Owned by leading private equity investment firm Hellman & Friedman, OpenLink is a global software and services business that has grown both organically and through strategic acquisitions, to achieve revenues in excess of $300 million. The company serves over 500 clients, including 12 of the world's largest commodity and energy companies, 9 of the largest financial institutions, and 11 of the largest central banks. OpenLink has 1,300 employees in 12 global offices on five continents, with headquarters outside New York City and field offices in Houston, London, Berlin, Vienna, Toronto, Moscow, São Paulo, Singapore, Dubai, and Sydney.
OpenLink has received numerous industry awards and recognition, including citations as the industry leader by Gartner and first-in-class ranking by Energy Risk Magazine for Commodity/Energy Trading and Risk Management (C/ETRM) systems.
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