Enuit Continue to Expand Chinese Operations

According to Mr Pengcheng Zheng, General Manager of Enuit China, he sees three areas of CTRM demand developing there. The first is in the traditional CTRM marketplace of the various medium and larger companies that procure, sell or trade commodities. The second are those companies that have a trade management system or ERP in place but need more advanced risk management and analytics. The third are those that are doing derivatives accounting management and want or need to add further risk controls and more analysis. This sounds pretty similar to the market for CTRM in other locations around the world showing that the market and appetite for CTRM software in China is following a familiar path, at least at a high level. Mr. Zheng also sees that Enuit’s Commodity Management strategy announced last year is positioning the company well for China. Indeed, Enuit has a strong base now in China with several offices, the latest of which opened recently in Shanghai. It has six Chinese clients and just won another large holding company that has subsidiaries in insurance, banking and financial services. It is deploying parts of Entrade such as strategy, commodity, contracts and deals to help this client to… continue reading

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