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
Pioneer announces advanced OLAP cube reporting feature for C/ETRM “TRMTracker” -OLAP definition
OnLine Analytical Processing-OLAP decision support software allows the user to quickly analyze information that has been summarized into multidimensional three dimensional views and hierarchies. OLAP tools are used to perform advanced C/ETRM trend analysis and risk insight. They enable users to drill down into masses of C/ETRM statistics in order to isolate trends for advanced decision support.