Belle Vernon PA, London and New York – December 1, 2016 – OpenLink, the global leader in trading, treasury and risk management solutions for the energy, commodities, corporate and financial services industries, announced today that Pennsylvania-based Guttman Energy, Inc. has selected its energy trading and risk management (ETRM) system to support the growth of its fuel distribution services.
Guttman Energy operates in 16 states east of the Mississippi and distributes more than 1.5 billion gallons of petroleum products each year. It will utilize the full functionality of OpenLink’s ETRM solution to manage both its wholesale over-the-rack business, as well as its rapidly growing delivered business, supporting front- to back-office workflow from physical and financial deal capture to risk position reporting, logistics and settlement on a single, unified platform. The solution will integrate with TMW’s fleet management system and Microsoft Dynamics GP for seamless and integrated financial accounting.
The combined solution will provide inventory visibility, terminal-to-tank optimization and automated ticketing and invoicing, giving the business an aggregated, real-time volumetric and financial view of positions and risk.
“One key element of Guttman’s success has been collaborating with the right partners to help us grow our business. OpenLink will provide us with the transparency into our results and positions that we need in order to continue to make smart decisions regarding how to allocate capital among our lines of business. It will also automate many of the processes from order inception to invoicing, allowing us to achieve significant efficiencies within our business,” said Scott Cargile, President and COO of Guttman Energy, Inc.
Matt Lehto, OpenLink Senior Vice President, said: “Guttman Energy’s needs mirror the energy industry’s challenge of providing more value among thinning operating margins and market volatility. The solution we developed highlights the critical value of access to inventory information and real-time decision-making that is only possible with a modern, physical-to-financial operational view. We are delighted to welcome Guttman to our global client base.”