SunGard today announced that its Kiodex business unit has launched a new consulting service that provides customers with market expertise and analytical capabilities to help them manage commodity risk.
Using the Kiodex Risk Workbench, SunGard's hedge consulting professionals will help guide customers through a comprehensive risk management process of hedge design, implementation and monitoring.
Ben Jackson, chief operating officer of SunGard's Kiodex business unit, said, "With Kiodex, companies with commodity exposure, however small, can now have access to the types of analytical and reporting tools traditionally reserved for larger organizations, without the need to implement a full system or to invest in specialized risk management staff. Kiodex's hedge consulting professionals will provide a framework for analyzing, hedging and reporting commodity risk. This expertise, combined with the Kiodex Risk Workbench, helps organizations including agricultural, airline, chemical, energy, metal, pharmaceutical, power and transportation companies of various sizes and complexity to manage their commodity risk."