Contact:
Ann Puckett
ROME Corporation
512.347.3200
press@romecorp.com
FOR IMMEDIATE RELEASE
ROME Corporation Launches ROME CreditRisk 3.0
ROME Corporation introduces the new standard for enterprise credit risk management in the energy marketplace.
Austin, Texas — August 15, 2006 —ROME Corporation, the leading provider of credit risk management solutions for the energy market, has introduced ROME CreditRisk 3.0, an upgrade that introduces a new standard for enterprise credit risk management. The product release follows two consecutive quarters of record growth for ROME. ROME CreditRisk 3.0 promises to continue to drive demand for ROME products and services to a new level.
Significant enhancements to ROME CreditRisk 3.0 provide unprecedented visibility into monitoring counterparty relationships, administering contracts, and measuring exposure. Credit limit enhancements include tiered limits, temporary (override) limits, and detailed hierarchical views. The new credit limit functionality allows businesses to better align and enforce credit limit allocation and monitoring with corporate credit policies. Businesses can now accurately model sophisticated business requirements without technical limitation.
ROME 3.0 also offers improved security instrument functionality. The most significant improvement is full exposure and limit management for all collateral issuers. Other developments include unlimited guarantees, flexible margin letter templates, collateral purpose rules, and a new collateral/guarantee assignment model.
ROME CreditRisk 3.0 provides enhancements to the system architecture that improve efficiency and the overall user experience. The Workflow Engine, part of ROME’s Foundation Services, now includes a graphical workflow designer. The designer is a rich graphical tool for designing and deploying flexible workflows. Users are enabled to re-design process to keep in line with changing business needs.
“We continually strive to meet the evolving needs of our customers”, said David Achim, Chief Operating Officer at ROME Corporation. “By expanding the range of our capabilities to accommodate new customer requests and changing market conditions, we continue to grow our list of satisfied clients.”
About ROME Corporation
ROME Corporation is the leading provider of enterprise risk management solutions for the energy marketplace. ROME’s suite of credit risk management products include ROME CreditRisk, ROME CreditScoring, ROME ContractManagement, and ROME DealValuation Engine. These products work together to help automate and streamline the processes for managing contracts, collateral, counterparties, credit scoring, and exposure. ROME delivers unprecedented visibility that allows energy leaders to turn risk into opportunity.
ROME solutions enable our customers to minimize risk while achieving greater efficiencies, increased liquidity and improved transparency. ROME Corporation is privately held, with investments from Azure Capital Partners and Powershift Ventures L.P. The company is based in Austin, Texas, with a sales and services office in Houston. You can contact ROME at 512-347-3200 or www.romecorp.com.
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