ComFin Software, EU’s leading CTRM vendor with almost three decades of industry experience, announced that for the time of the COVID-19 crisis it is suspending the fees of its Risk Management module being part of its flagship solution “Comcore”. This is our contribution in helping panic-stricken trading companies with viewing their open positions, evaluating hedge efficiency, calculating Value at Risk, and simulating various cashflow scenarios to understand the possible impact on their liquidity.
ComFin Software has been fast to react to the current crisis and has again demonstrated that the entire team continues to be there for their clients and partners even in difficult times. Pilot projects have proved that implementations can be performed 100% remotely with the option to host “Comcore” either in the cloud or on-premises.
Gerald Neher, Managing Partner of ComFin Software, says “maybe it’s just a mentality thing, but we want to help our customers in every possible way. Rather than abusing the situation and turning a blind eye with capitalistic mindsets, we want to be there for them in these challenging times. We understand that with the unprecedented crisis and volatility we’re experiencing, our clients see the absolute necessity to manage their operational risks completely and to have their activities supported by state-of-the-art technologies. So, we simply do our best in getting them on track.”
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About ComFin Software
ComFin offers software solutions and consulting services to the global energy and commodity industries with a particular focus on traders and shipping companies. ComFin’s legacy and industry-pioneering system TheBulldog and the new Comcore software are comprehensive packages that thoroughly support trade administration, mid office, back office, shipping, storage, logistics, and reporting. The solutions are widely used by companies in the crude oil, chemical, petrochemical, shipping, and refined product industries and have full coverage across all physical transactions and paper instruments.