Tags: best ctrm, Best Risk management software, commodity trading & risk management-CTRM, Energy Trading and Risk Management-ETRM, Pioneer Solutions, risk management, soft commodity trading
While recognizing its importance to an efficient and effective trading process, for many trading firms it still takes a laborious and manual effort to know who their approved counterparties are, which products they can trade, and to access certification and compliance paperwork. The quality of products delivered as well as increasing food safety legislation, require proper controls to protect reputations and comply with regulatory rules. At the same time, when those controls are inefficient they will impact the business. In an age of digitalization, the successful commodity trading firms have automated this. Do you have your trading partners’ information and offering at your fingertips, or is this a Soft Spot for you?
Tags: best Etrm system, C/ETRM, mobile app CTRM, mobile app ETRM, modern integrated C/ETRM
Next Generation C/ETRM Solutions
When C/ETRM systems were introduced 20 years ago, the goal was to automate the complex and routine tasks and business processes of commodity trading, eliminating manual processes, reducing costly errors, minimizing operational risk and increasing efficiency. Today we live in an age of digital transformation, artificial intelligence, virtual reality, blockchain, and much more, with the goal to be agile, streamlined, efficient and harness the ability to leverage opportunities. While some of those cutting-edge technologies certainly cross the path of C/ETRM systems, industry surveys tell us that even the original automation goals have not been realized by the legacy solutions. Next-generation C/ETRM systems take advantage of the latest technology and deliver functionality to do more with less.
Tags: compliance ensured, ease of implementation, etrm system, flexibility for change, front to back solution, lower total cost of ownership
A C/ETRM Solution: The Way You Want It
The message from surveys in the Commodity/Energy Trading and Risk Management (C/ETRM) software market have been consistent in the past few years: Customers want less costly, proven C/ETRM functionality that is implemented faster, with reasonable flexibility as their business process is apt to change more frequently. This calls for a new approach with next generation technology at a lower cost of ownership, has customers looking beyond established C/ETRM vendors who dominated the market but struggle to meet new demands. Some of them already had their ‘Kodak moment’, while others are applying new lipstick. Pioneer Solutions offers state-of-the-art software that is designed for progress: A C/ETRM solution the way you want it.
Tags: C/ETRM, Commodity Market, energy industry, Energy Market, ETRM software, Pioneer Solutions
Whether it is the energy or the commodity market, they reflect a 21st century business climate of on-going and fast change. Low prices and new regulations are main reasons for the latest turmoil. Your current playbook does not help protect your current business, nor does it succeed in getting you into new ones.
It’s Albert Einstein’s definition of insanity: doing the same thing over and over again and expecting different results. Just ask all of those famous companies that missed the next wave, like Kodak and most recently Nokia. Don’t become a “Kodak Moment:” Change your Playbook with a modern C/ETRM system.
Tags: C/ETRM, energy industry, ETRM, ETRM software, Pioneer Solutions, Porfolio Management, Profitability, risk management
In the low-margin business of a retail energy supplier, the timely procurement of sufficient wholesale supply at the best possible price and risk level is critical to its profitability. To answer fundamental questions about supply & demand, portfolio performance, valuations, and profit & loss, requires an integrated system that handles the business processes from supply contracts to settlement, and where the retail sales book is linked to the wholesale sourcing book to facilitate in-depth monitoring and assessment of positions and exposures. Are you able to Parse your Portfolio for Profitability?
Tags: ETRM, ETRM software, Pioneer News, settlementtracker
Progress always involves risk: you can’t steal second base and keep your foot on first. Decision-makers not willing to get out of their comfort zone will choose a solution based on the old adage “you can’t go wrong with IBM.”
A misguided attempt to secure their jobs. Decision-makers interested in real progress and getting ahead are what management consultant Geoffrey Moore calls “early adopters” and “pragmatists in pain.” They go with disruptors who have a better mousetrap to solve problems that can’t be solved with established products.
Your ETRM solution: A Palette of Options to Reduce Cost and Add Value
Following the economic downturn after 2008, Energy Trading & Supply companies are going through a transformation to position themselves for the future. Many of them have initiatives underway to examine whether their current Energy Trading and Risk management system’s environment can meet their changing business needs. Budgets are under pressure and cost reductions are necessary. As they seek operational efficiency, they also must comply with new regulatory reporting requirements. How does one implement a solution that can meet this need for both increased flexibility and robust and cost-effective functionality? A Palette of Options that reduce cost and add value! Continue reading
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
Tags: back ofice, complex contracts, efficiency, ETRM, lower total cost of ownership, Settlement, STP
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?
Tags: Disaster Relief, Donate, GlobalGiving, Nepal, Red Cross, Save the Children
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