BPCL deploys Triple Point solution

WESTPORT, Conn.: Bharat Petroleum Corp. Ltd. (BPCL) has implemented Triple Point's next-generation software solution for integrated trading, risk management and physical operations.

Triple Point Tech, a supplier of cross-industry software platforms, said in a statement here that the solution is now managing BPCL's physical and financial trading and movement of its crude oil and refined products.

The solution includes the fully integrated Triple Point Commodity XL for Oil and PhysOps XL software products. It automates and streamlines BPCL's deal capture, operations planning, settlement, billing and other critical business processes.

With this implementation, BPCL becomes the first government-owned oil company in India to achieve a fully automated trading and risk management system.

Triple Point will also provide BPCL with localized support through the its Pune-based subsidiary, Triple Point India.