Inatech’s Techoil Ready for Market?

Inatech was established in 2002 and historically built custom software solutions before developing software products and transforming itself into a software company four years ago. With around 150 staff and multiple offices around the globe, the company has plainly thrived over that time. Its’ heritage is in shipping and so its initial software product was Shiptech, a bunker fuel management solution. It also offers Bunkertech ETRM, a cloud-based end-to-end bunker supply management system and it counts two of the top 10 bunker suppliers as clients. More recently, it has added Techoil with an eye on the physical oil market. Techoil is a cloud-based, end-to-end cloud software product for the oil trading industry. A couple of weeks ago, I spoke to Inatech and got a short demonstration of Techoil. My very first question was why focus on delivering a product into what is the most mature and competitive part of the commodities industry? Inatech feel strongly that there is room for a cloud-based product that supports the supply chain, risk management, and financials for liquid hydrocarbons. They point to flexibility of their solution as a key selling point as “traders and operators need flexibility but risk and finance require controls”. Techoil,
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Inatech’s Techoil Ready for Market?. This article appeared first on CTRM Center.