Tesoro Petroleum Corp. has licensed Triple Pont Software’s (TPT) Tempest XL enterprise trading and risk management system. Tesoro will use Tempest across its multiple businesses in support of purchase and sale of commodities.
TPT president Peter Armstrong said “Tempest gives Tesoro an easy to deploy solution that will help them manage their oil and products positions and streamline business operations.”
Tim Bohall, Tesoro’s director of trading added “Our objective in implementing Tempest is to establish a more efficient and accurate means of monitoring exposures and enhancing risk management practices.”
Ultimately, Tempest will interface Tesoro’s SAP system for automated invoicing, payable, and accounting records. Other TPT clients include BP, Reliance, Duke Energy, Amerada Hess, and Cinergy.
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