Oriental Energy (Singapore) International Trading Pte Ltd Licenses Entrade

For Immediate Release
February 28th, 2019

Oriental Energy (Singapore) International Trading Pte. Ltd. Licenses Entrade

OE has contracted the use of Enuit’s flagship software

Singapore — February 28th, 2019 — Enuit, LLC (Houston, Texas) announces Oriental Energy International’s (OE) selection of Enuit’s Entrade Energy Trading and Risk Management (ETRM) Solution system to manage its Liquified Petroleum Gases (LPG) trading business.

As mentioned by Karen Zhou, Vice President at Oriental Energy, “It was an easy decision after our initial introduction to Entrade as it is comprehensive from front to back, i.e. risk, workflow controls, exchange/accounting interfaces, at a reasonable price.”

By the end of 2019, Enuit will implement and deliver Entrade for OE, their ETRM system. “This new partnership allows us great opportunities and helps both companies expand beyond their present capabilities.” said Tony Teo, Director of Enuit’s Singapore office.

Over the next six months, a full release and implementation of the software will be made, allowing OE to better analyze their position in the market and establish a clear value of their production. “Entrade will help us optimise our risk managment,” shared Karen Zhou.

Tony Teo elaborated “Entrade’s out-of-the-box cloud solution allows for quick deployment, one of the key reasons Oriental Energy selected Entrade. Many Enuit clients have chosen Entrade for this reason too.”

Oriental Energy is an LPG trading company established in 1996, with its headquarters located in Nanjing city, China. Over the 23 years since they were founded, the company has engaged in distributing and developing clean energy and have expanded their operations from domestic distribution to international trading. The company is listed on the Shenzhen stock market in March 2008.

Enuit, LLC is a software development company specializing in software solutions for commodity trading and risk management enterprises. Its primary office resides in Houston, Texas, USA, with other offices located in Beijing, China, Singapore, and London to serve markets in China, Asia-Pacific, Middle East, Europe, and North America.
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For more information on Enuit’s Entrade Solution visit our website:
http://www.enuit.com/
For more information about Oriental Energy Company Ltd, visit their site here: http://www.chinadhe.com/

Mitsui Energy Trading Singapore Now Uses Entrade in Their Operations

For Immediate Release

November 22, 2018

Mitsui Energy Trading Singapore Now Using Enuit’s ETRM Solution: Entrade

Singapore — November 22, 2018 — Mitsui Energy Trading Singapore (METS) announces it has successfully completed its implementation of ENTRADE, which is software developed and marketed by Enuit, LLC to manage its Energy Trading and Risk Management activities. The project started in March of this year, and required only eight months of effort by a combined METS-Enuit team to implement.

“We are fortunate to have selected the best ETRM system after extensively reviewing what the market had to offer,” Said Mr. Kobayashi, General Manager at METS. “We selected a product which completely integrates with SAP’s Journal Entries, and does so automatically, which was key to the success of Entrade in our operations.”

Summary of Implementation

Enuit’s Energy Trading and Risk Management (or ETRM) solution, called ENTRADE , provided important and useful features required by METS’s business operations. Most noteworthy is ENTRADE’s SAP interface and its workflow processes implemented for Trade and Invoice approval processes.

Generating prior period adjustments for inventory was another ENTRADE feature vital to METS’ operations. The project established a vital partnership between the two companies “Enuit has a quality team of people,” says Mr. Tanaka, CEO of METS, “Over the last year, our companies have built a trusted relationship. That relationship allowed for quality prompt support. On top of the high quality of support that they provided, their system has greatly improved our business efficiency.”

Ken Han, Co-Founder and CEO of Enuit, on Sunday said, “Enuit’s mission is ‘To provide value to our customers through innovative software, trusted partnerships and the quality of our people’ We were able to express each of these values during implementation with METS, especially that of partnership. The leadership at METS is superb. Their support and trust was key to our success.”

METS’s software implementation was finished on time and on budget. After beginning every day use of Entrade in November. Enuit finalized implementation toward the end of 2018.

Mitsui, a Japanese company founded in Tokyo, Japan, reextended its operations to Singapore in 2007. Mitsui & Co. (Asia Pacific) Pte. Ltd. operates in 9 business areas including: Iron & Steel Products, Mineral & Metal Resources, Infrastructure Projects, Mobility, Chemicals, Energy, Food & Retail, Consumer Service and Innovation & Corporate Development. METS, or Mitsui Energy Trading Singapore, is a division of Mitsui, with its primary offices in Singapore. Mitsui & Co., Ltd. is one of the largest trading and investment companies in the world today with over 42,000 staff (consolidated).

Enuit, LLC is a software development company specializing in software solutions for commodity trading enterprises. Enuit’s primary office resides in Houston, Texas, USA, with other its other offices located in Beijing, China, Singapore, and London to serve markets in China, Asia-Pacific, Middle East, Europe, and North America.
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CITIC Metals Goes Live With Entrade

Starting in July 2018, CITIC has engaged Enuit to implement a Metals Trading Risk Management solution. This work has continued into December. In a period of about 6 months, Enuit delivered the first phase of the bulk commodity trading and risk management system on schedule.They did this while including the daily monitoring reports for our copper and aluminum business position, futures hedging exposure, and mark-to-market profit and loss. CITIC Metal has become the first enterprise in the domestic (China) metal trade field to successfully introduce and apply an international risk management system, thanks in part to Enuit.

-CITIC representative