Brady extends its partnership with BayWa r.e. Clean Energy Sourcing GmbH (BayWa r.e. CLENS), through the implementation of Brady Credit Risk
Brady, the largest European-headquartered provider of trading and risk management software to the global commodity and energy markets, today announced that BayWa r.e. Clean Energy Sourcing, a leading direct marketer and supplier of green energy in Germany, has chosen to implement the latest version of Brady Credit Risk in their cloud hosted environment.
BayWa r.e. CLENS are one of the leading direct marketers and suppliers of green energy in Germany. As they continue their rapid growth, BayWa r.e. CLENS made the decision to implement a streamlined credit risk solution that could accommodate their business growth but also offers best of breed functionality for counterparty exposures, margining, credit data management, credit workflow and reporting needs.
BayWa r.e. CLENS are current users of Brady’s ETRM and power scheduling solutions and as such Brady was able to fast-track the credit risk implementation using its industry leading integration tools that automatically pulls in all the required credit data directly from Brady ETRM, significantly reducing the implementation delivery timeline.
Ian Jenks, Executive Chairman of Brady, said ”We are thrilled that once again one of our clients has put their faith in us to deliver additional vital solutions for their business needs. As a long-term partner of BayWa r.e. CLENS we hope to continue to support them for many more years to come”.
“We have been successfully using Brady’s software solutions for several years,” said Jens Eberlein, Managing Director of BayWa r.e. CLENS, “and we look forward to leveraging another Brady software solution as we continue to professionalise our credit and risk controlling efforts to more efficiently and risk-adequately monitor and control our operations’ counterparty risks.”
Brady’s credit risk management solution will provide BayWa r.e. CLENS with:
- Cloud-hosted solution
- Management of exposures, margining, credit static data, credit workflow and reporting
- Seamless integration with Brady ETRM
- Implementation based on the Brady best practice project management and implementation methodology
- A scalable solution that can meet the current needs of the smallest
energy andcommodity trading firms and producers through to the largest that operateon a global basis.
Brady is a provider of trading and risk management software for the commodity and energy markets. We provide complete solutions supporting the entire trading operation from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined metals, soft commodities and agriculturals. Brady has 200 customers worldwide, including some of the largest global financial institutions and corporations
About BayWa r.e. Clean Energy Sourcing GmbH
For many years, BayWa r.e. Clean Energy Sourcing GmbH has been one of the leading direct marketers and suppliers of green energy in Germany. As a wholly owned subsidiary of the BayWa r.e. group, the company offers a wide range of energy-related services and products, starting with the marketing of decentralised renewable energy and CHP plants, and including extensive flexibility management and the supply to industrial and commercial customers with green energy.