Risk Edge Launches SaaS Version

(27 March 2014) Risk Edge Solutions, a global provider of Commodity Risk Management Solutions, announced today the launch of the SaaS (Software-as-a-Service) version of its flagship Software Product, VaR Edge. VaR Edge is already available as an On-premise Software. The SaaS version of VaR Edge, named VaR Edge Lite, will contain most of the basic features of the VaR Edge Enterprise version and is available on a “plug-and-play” basis to its users.

VaR Edge Lite is delivered with a single per-annum Pricing, with Maintenance and Customizations built into the license costs. It allows clients to keep upgrading to the latest features in VaR Edge Lite without having to worry about another installation process and additional customization costs.

“We’re very excited with the successful launch of VaR Edge Lite”, said Nitin Gupta, Founder and Principal Risk Consultant of Risk Edge Solutions. “Not only is VaR Edge Easy-to-use, but with VaR Edge Lite, it’s easy to pay also. VaR Edge Lite, which is hosted on VaR Edge’s secure servers, already hosts 3 clients who use the application to upload their daily positions and generate Risk & Compliance Reports. It is a great solution for small to Medium-sized Energy and Commodity Companies who are looking to break out of the daily Excel grind and want a risk solution within their budget. We are very pleased to have met this huge Industry need so fast and efficiently.”

VaR Edge Lite enables automation of the most tedious and error-prone risk processes. By managing all open positions and price data centrally, VaR Edge provides transparent and reliable information, improving comfort in decision-making. It helps organizations get rid of excel based processes, and get on to a scalable system that they can continue to use even as they grow and diversify. VaR Edge is thoroughly tested and maintains complete security between users from different companies.