Tag Archives: Pioneer Solutions

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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Between Heaven and Earth: The Cloud

Post by admin on December 5, 2016

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Cloud-based Software-as-a-Service has quickly become a compelling and credible delivery model for business applications. If you aren’t converted yet, then realize how you already take part in on-line banking, share your medical records with healthcare providers, and access your retirement investments.

All very personal information that you may think should be equally or more sensitive than the production database of commodity trading companies. Further consider how much your business relies on communicating via the internet.

On-premise installed C/ETRM software would be as equally ‘out-of-service’ as a cloud-based solution when the internet isn’t available. Therefore, for the educated trading professional looking for proven solutions that lower cost and improve operations, there is something Between Heaven and Earth: The Cloud.

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Is it Nuts to Use ERP Instead of CTRM?

Post by admin on November 8, 2016

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There are several definitions but commonly an Enterprise Resource Planning (ERP) system automates and integrates core business processes such as taking customer orders, scheduling operations and keeping inventory records and financial data. ERP systems have been around and made popular by companies such as SAP, Oracle, Microsoft, NetSuite and a slew of lesser-known vendors.

A fully integrated solution promises to deliver operational efficiencies and improve business results. What’s not to like?

It’s no surprise that softs commodity traders were sold on such an established solution. However, when trading is surrounded by risks and volatility, index pricing and non-standard contract invoicing, they may wonder: Is it Nuts to use ERP instead of CTRM?

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Change your Playbook with a Modern C/ETRM system

Post by admin on September 16, 2016

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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

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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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Three Challenges in Turbulent Power Markets

Post by admin on July 18, 2016

Power Markets Blog Post

Wholesale energy markets have never been easy and when global deregulation started over 20 years ago, energy trading became more complex giving rise to information technology solutions to address the risks with energy trading: Energy Trading and Risk Management (ETRM) systems.

It was essentially the first message that the use of ETRM systems was the prudent way to help market participants manage complex risk scenarios and effectively trade and manage energy transactions from trade capture to delivery and settlement. Following several years of economic hardship due to the 2008 global financial crises, market participants now face an environment of ever-emerging rules, the effects of renewable energy and competitive pressures.

It is with an effective ETRM system that market participants can respond to three main challenges: Increasing complexity and workload, contain operating cost, and regulatory requirements.

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Your CTRM Solution: Not Just Capturing Deals, but Also the Customer!

Post by admin on June 14, 2016

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As C/ETRM systems advance, delivering the latest technical innovations supporting commodity trading, the successful software vendor will practice what Steve Jobs so famously said: “You’ve got to start with the customer experience and work back toward the technology – not the other way around.”

With C/ETRM systems being such a substantial investment, customers can ill afford failure. Realizing their C/ETRM vision for increased efficiency, cost-effectiveness and happy productive employees, calls for a comprehensive engagement approach that ensures success and delivers a superior customer experience. Prospective customers therefore will be interested to learn from C/ETRM vendors: Is your C/ETRM solution Not Just Capturing Deals, but also the Customer?

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Pioneer Solutions Attends Energy Risk Summit Europe 2014

Post by Erica Tausch on August 31, 2014

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Energy Risk Summit Europe 2014
It’s hard to stay on top of the constantly shifting variables of energy markets, and with the assured implementation of stricter regulatory policies in the near future, it’s not getting any easier. That’s why Pioneer Solutions will be attending the 17th annual Energy Risk Summit Europe this year, in London, from September 30th to October 3rd. This conference, hosted by Energy Risk, is geared towards all energy professionals who want to learn more about regulatory policies (EMIR, REMIT, MiFID II) as well as risk management in European energy markets.
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Top 10 Energy & Risk News Highlights | July 2014

Post by Erica Tausch on August 1, 2014

Welcome to July’s edition of  the Top 10 Energy, Commodities Trading and Risk Management news.

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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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Pioneer Solutions Executives Speak at Oil & Gas Hedging/Marketing Forum

Post by Erica Tausch on July 23, 2014

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General Information

Pioneer Solutions LLC’s President, Uday Baral, and Vice President of Sales, Bill Caruso, will be presenting at the first annual Oil & Gas Producer Hedging & Marketing Forum on September 10, 2014 in Fort Worth, Texas. This event, hosted by Mercatus Energy Advisors and its partner companies, will educate attendees on the most effective and efficient methods for managing hedging and marketing activities. According to Mercatus Energy Advisors, “CEOs, CFOs, Controllers, Treasurers, Marketers, Schedulers, Risk Managers, Shareholders, Royalty Owners and other related roles” would all greatly benefit from attending this event.

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