Category Archives: Product/Company Information

You need to Digitize before you Robotize: RPA in C/ETRM

Post by admin on October 9, 2017

Digitization is the process of converting information from analog into a digital (i.e. computer-readable) format. It increases the efficiency of business processes. In the field of commodity/energy trading, C/ETRM systems provide a solution to accomplish this. To further improve the efficiency and speed of those work flows, Robotic Process Automation (RPA) is being introduced to reduce or eliminate the repetitive processes through a virtual worker, especially the routine and rules-driven tasks in the back office. However, to enable configuration of the virtual worker or robot, the business process must be digital and automated. Yet, surveys reveal that manual processes with little armies of settlement analyst’s are still very common in the back office. You can’t put the cart before the horse: you need to digitize before you robotize!

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A Soft(s) Spot? – Easy insight into certified Counterparties and their Products

Post by admin on July 24, 2017

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?

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C/ETRM Automation Increasing Productivity and ROI

Post by admin on July 5, 2017

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.

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A C/ETRM Solution: The Way You Want It

Post by admin on April 17, 2017

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.

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Change your Playbook with a Modern C/ETRM system

Post by admin on September 16, 2016

playbook-blog

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.

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Parsing your Portfolio for Profitability

Post by admin on August 17, 2016

profitinportfolioblo

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?

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Your Aha! Moment: SettlementTracker a Better Mouse Trap

Post by admin on May 10, 2016

mousetrap blog

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.

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Your ETRM solution: A Palette of Options to Reduce Cost and Add Value

Post by admin on July 6, 2015

Your ETRM solution: A Palette of Options to Reduce Cost and Add Value

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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

 

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

 

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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