Author Archives: Erica Tausch

Legacy ETRM system replacement: Big-Bang or Modular Implementation?

Post by Erica Tausch on June 4, 2015

big bang

The “big bang” ETRM go-live where all of the main modules of an ETRM system go live at the same time, is a widely-known approach for ETRM replacement and/or implementation projects. The alternative approach is to adopt some level of phasing for example, by functional area or by business priority level.

The conundrum large, global energy companies consider as they weigh the high-risk wholesale replacement of their ETRM system against the need for improved and more cost-effective functionality in selected areas to adapt to new business environments is: Big-Bang or Modular Implementation? Continue reading

 

Top 10 Energy & Risk News Highlights |
May 2015

Post by Erica Tausch on June 3, 2015

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 The goal of this series is to provide a brief list of the top news stories each month for the energy and commodities trading and risk management industries. These stories come from some of the industry’s top sources, spanning from Bloomberg Businessweek to Oilprice.com.

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Top 10 Energy & Risk News Highlights |
April 2015

Post by Erica Tausch on April 30, 2015

apriltop10 The goal of this series is to provide a brief list of the top news stories each month for the energy and commodities trading and risk management industries. These stories come from some of the industry’s top sources, spanning from Bloomberg Businessweek to Oilprice.com.

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Are You Leaving Money on the Table?

Post by Erica Tausch on April 29, 2015

As a result of several years of economic hardship, companies have been forced to rethink how and where to invest like never before. Organizations in the energy trading industry are no exception to this pattern. Many have set their sights on cost (of trading) management in an effort to simultaneously become more efficient and reduce cost. Surprisingly, this cost efficiency may be partially realized in the back office. Now, the question is: Are you leaving money on the table?

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How You Can Contribute to Earthquake Relief for Nepal

Post by Erica Tausch on April 28, 2015

Flag-map-of-nepal

How You Can Contribute to Earthquake Relief for Nepal

Having both strong connections with the country of Nepal and our Asian office, based in Kathmandu, Pioneer Solutions is truly deeply saddened by the devastating effects caused by the massive earthquake on April 25, 2015. On behalf of our entire global staff, we are expressing our heartfelt condolences to the people in Nepal and their families. Although communications are limited, we appreciate our customers, prospects and business relations for reaching out to us and keeping our local staff and their families in their prayers. Despite the terrible, far-reaching effects of this tragedy, we are thankful to report that our employees are safe. Continue reading

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C/ETRM Business Processes
Series Part Two: Middle Office

Post by Erica Tausch on April 13, 2015

MIDDLEOFFICE

This article is aimed to provide a brief overview of the middle office business processes Commodities and Energy Trading Risk Management (C/ETRM) software solutions are designed to encompass. This is the second of a three part series that separates C/ETRM systems’ functionality into three categories and defines the business processes involved in each. Continue reading

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Top 10 Energy & Risk News Highlights |
March 2015

Post by Erica Tausch on March 30, 2015

The goal of this series is to provide a brief list of the top news stories each month for the energy and commodities trading and risk management industries. These stories come from some of the industry’s top sources, spanning from Bloomberg Businessweek to Oilprice.com.

Continue reading

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2015 Energy Risk Software Rankings |
Pioneer Voted in Top 5 for 20 Categories

Post by Erica Tausch on March 26, 2015

Energy Risk Software Rankings 2015Each year, industry experts and participants look to the Energy Risk Software Rankings as a means of subjectively valuing various ETRM software vendors. The rankings are generated from the results of a survey given out by Energy Risk that asks energy trading firms to nominate ETRM vendors, implementation specialists, data vendors and data managers they think shine above the rest. This year’s survey, carried out during November 2014 and January 2015, received 282 valid responses. Pioneer Solutions was ranked in the Top 5 for 20 Different Categories! The highlight of this year’s rankings, however, was being ranked #1 for Project Delivery On-Time and Within Budget.

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Wishful Thinking and the NIH Syndrome

Post by Erica Tausch on March 25, 2015

Wishful Thinking is an attitude or belief that something you want to happen will happen even though it is not likely or possible instead of by appealing to evidence, rationality, or reality.

Not Invented Here (NIH) is a state of mind or philosophy that stems from a belief that in-house systems are inherently more suited to one’s organization than third party solutions. This results in a tendency to attempt to “reinvent the C/ETRM wheel.”

too busy Continue reading

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