Inatech

Cloud trading software for physical oil and fuel

Inatech builds cloud software for companies that trade physical oil and fuel, and for the shipping and bunkering businesses that supply vessels. The company describes itself as a global provider of ETRM and fuel management software for these industries. Its stated aim is to help clients connect, automate and improve how fuel is bought, sold and managed, with better efficiency, clearer operational records and stronger profitability as the result.

One product for each part of the fuel chain

The first product, Techoil ETRM, is an end-to-end cloud system for physical oil traders. The company says it brings dealing, hedging, credit control, cash management, day-to-day operations and stock tracking together in one system, and that it helps firms manage risk and run complex integrated supply chains for crude products, distillates and petrochemicals.

Shiptech is aimed at the shipping industry. It is a cloud bunker procurement system that handles the operations involved in buying fuel for vessels. The company says it helps operators secure fuel of the quality they need at the lowest available price.

Bunkertech ETRM is built for bunker suppliers. It covers trading, risk management, finance, accounts payable, inventory and sales, which the company presents as a way for bunkering businesses to run operations more efficiently and control their trading costs.

Inacloud is the company's integration product. It links cloud, on-premise and legacy systems, and the company offers it to businesses that want a cost-effective way to bring older and newer systems together without rebuilding them.

Who the software serves

Among its clients are oil traders who deal in physical cargoes, ship operators, companies that sell marine fuel, convenience-store fuel retailers and firms trading renewables and credits. Its website says the software suits organisations of any size, from a small business to a global operation, and it names crude and refined trading, convenience store fuel retail, renewables and credits trading, and bunker trading and supply as areas it covers.

Roots in a large commodity business

Inatech is owned by Glencore PLC, one of the world's largest commodity traders. The company says it draws on the parent's knowledge of oil trading, shipping, bunkering and oil supply chain management when it designs its products. Its website dates its first solution to 1994, and it describes its work as a continuing development of that early product. The company also states that it concentrates on energy trading, covering both hydrocarbons and renewables, rather than spreading its effort across unrelated sectors.

Reporting, integration and support

The company describes its products as cloud-native and modern in their workflows, covering ETRM, ERP, dispatch, taxation and related functions. It says the systems offer real-time reporting, analytics and configurable dashboards, so that managers can see inventory and daily transactions in one view. Integration with internal and external data systems is presented as a way to bring operations into a single workflow.

Inatech says its service runs from the first conversation through implementation and training to post go-live support. It maintains offices in the USA, the United Arab Emirates, Singapore and India alongside its London headquarters, and it presents this spread as a delivery model that serves customers across time zones.