North American downstream trading company implements financial management system

The new client has operational offices in the USA and United Arab Emirates. They are a physical oil supply and trading company, supplying and delivering refined oil products comprising gasoline, distillates and fuel oils.

TouchstoneEnergy will replace their existing finance & accounting system with an updated accounting and management information system that will integrate with a front-of-house trading & risk management system.

The chosen solution, INFOR SunSystems, will comprise GL, AP, AR and Cash Management functionality. In addition INFOR SunSystems will assume responsibility for automated sales invoicing, electronic payments and management reporting and analysis.

The system also supports full multi-currency, multi-entity accounting, P&< by Trade and Counterparty.

With more than 18,000 installations worldwide across 192 countries and more than 700 installations in the Energy sector, SunSystems has attained a worldwide reputation for its rich functionality and scalability.

Whether you are in Upstream E&P or Downstream Trading, it is recognised by the industry leaders that SunSystems has many unique features that meet the accounting and financial reporting needs of most organisations.

TouchstoneEnergy were chosen because of their vast experience with Energy Trading and the wider Energy Sector, in particular their experience of working with clients who have an international presence.