Author Archives: Pioneer Solutions

Scalability in a Thriving Economy

Post by Pioneer Solutions on September 7, 2018

In the business world, scalability refers to the ability of a company to sustain or improve its performance in terms of profitability or efficiency when its sales volume increases. In the software world, it means the capability of a system to handle a growing amount of work, or its potential to accommodate growth. With the world economy having strengthened, consumption across commodities increased, and companies emerged after years of retrenchment, the enterprise with a flexible and scalable C/ETRM system is the one which can withstand fluctuations in volume without harming its profitability or efficiency levels. Moreover, with companies repositioned, they need tools that support their new strategies: Scalability in a Thriving Economy!

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‘See TRM’: An Eye Opener

Post by Pioneer Solutions on August 8, 2018

CTRM is a term you are familiar with as a reader of our Blogs: Commodity Trading and Risk Management Systems. They are purpose-built software systems to automate complex and routine tasks and business processes around supply/sourcing management thereby eliminating manual processes and reducing costly errors. CTRM systems have been commercially available for almost two decades, yet firms still often find themselves using spreadsheets or developing systems in-house, believing those are better options for reasons of cost, strategy, and flexibility. Yet, they blind-sided themselves from a next-generation CTRM solution that offers all the non-proprietary functionality to support individual strategies with implementation options that can compete with the cost of playing ‘software-house’ internally: TRMTracker (“TRM”) by Pioneer Solutions. Hence, an invitation to you ‘See TRM’ – an Eye Opener!

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Intelligence in C/ETRM – Automation Examples

Post by Pioneer Solutions on July 3, 2018

Artificial Intelligence (AI), Machine Learning (ML), Robotic Process Automation (RPA), and of course digitization have been and still are hot buzzwords. AI has been around for some time, while the term Machine Learning is a more recent term, often opportunistically used to rebrand AI. Machine Learning can be considered a current application of AI based around the idea to let machines access data and let them learn for themselves. Rule-based systems use rules prepared by humans, and some may see it as old school AI. With the increase of digital information being available, both Rule-based systems and ML have a lot to offer. With their promise of automating mundane tasks as well as offering creative insight, the energy trading market has been recognizing the benefits. Next generation ETRM systems have adopted AI, thereby embedding intelligence in various functional applications as routine technology as illustrated in the following Automation Examples.

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Improve and Simplify Your C/ETRM Software Environment

Post by Pioneer Solutions on June 7, 2018

Energy and commodity markets have grown increasingly complex when it comes to trading, risk management, settlement and regulatory reporting. Trying to keep up with these developments, the monolith solutions that are supposed to manage all those activities in a single system have become nearly unmanageable, inflexible, and very costly to maintain. Since the financial crisis 10 years ago, market participants are paid lip service for wanting less costly solutions with proven functionality that is implemented faster with reasonable flexibility as their business changes. Today, they experience the costly consequences of their expensive monolith system choices that deliver many functions averagely at best. As a result, there is growing recognition that solutions work better if they are kept simple rather than made complicated. Best-of-Breed is now considered a more suitable fit to support the complexity of C/ETRM software system environments, both for functional capabilities as well as to lower the total cost of ownership.  Here are a few ideas how to Improve and Simplify your C/ETRM Environment! Continue reading

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Managing Price Risk with Price Forecasting

Post by Pioneer Solutions on May 10, 2018

In continuously evolving power markets, with highly volatile electricity prices, market participants are interested in managing their price risk in addition to their volumes and other risks. Price information from future contracts traded on standard markets do not provide the flexibility or granularity required for different intervals, such as hours of the days or weekdays. With electricity consumption different at time of the day, week and seasons, and affected by weather conditions, this may lead to unanticipated price changes. Having access to accurate price expectations is therefore very relevant. This is how a forward price curve will help you Manage Price Risk with a Price Forecaster!

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Pioneer SaaS Applications: What you need to know

Post by Pioneer Solutions on April 11, 2018

The award-winning and web-based C/ETRM applications from Pioneer Solutions have been available for delivery in a cloud environment from the beginning. Over the years, it has been able to serve all customer deployment preferences, including traditional on-premise installation and remotely hosted by Pioneer in either public or private cloud. It is our experience that even the enterprise-level commodity/energy players have opened up to the flexibility and attractiveness of Software-as-a-Service (SaaS) and Cloud offering. Simply put, SaaS is the delivery of applications over the internet within a shared cloud infrastructure with no need to install, maintain or host software on site. Users only need an internet browser to access applications via the cloud as a subscription service.

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

Post by Pioneer Solutions 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 Pioneer Solutions 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 Pioneer Solutions 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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