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Additionally, with the help of Paragon’s advanced analytics feature, users can reevaluate transactions in a potential future exposure analysis. Users can also perform spot analysis on the data that provides them the ability to summarize and filter the credit data for reports and evaluation in a flexible way. In addition, Paragon’s credit scoring module that can be integrated with third-party sources enables clients to seamlessly collate relevant information for the evaluation of the counter party’s financial strength. For instance, a newly spun-off large crude refiner entity who wanted to disengage itself from the joint venture wanted to expedite the process of establishing separate systems and processes. With its quick implementation of the CRMS platform, Paragon eased the transition for the company in the course of aggregating the disparate risk data sources.
Easily configurable, the Paragon CRMS software is available for traditional onsite installation on a client’s hardware or as a SaaS solution in a standard cloud environment. Ensuring highest possible security for its customers at affordable costs, Paragon uses MS Secure authentication over a public or private cloud solution.
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Paragon’s true advantage lies in our ability to provide quick implementations of fully functioning cloud installations and address the changing energy marketplace
Paragon has established itself as a leader in the marketplace with a solid base of clientele from large-scale integrated energy companies to hedge funds, pipeline companies, and smaller regional energy companies. Recently, a Fortune 100 energy company leveraged Paragon’s CRMS platform to manage exposure data and mitigate credit loss accurately. The aggregation of all exposures allowed efficient management of all credit risks, as well as address liquidity needs with an overall view of exposures across the organization.
Paragon looks forward to continuing their influence over the North American pipeline sector as well as other expanding markets. “In the near future, we will be focusing on expansion into European markets as well,” concludes Gerold.
Company
Paragon Energy Software
Headquarters
Houston, TX
Management
Kevin Gerold, CEO
and Jason Wells, SVP, Sales & Services
Description
Delivers exposure and other risk management solutions for the energy markets
