Tag Archives: risk management

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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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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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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Time to ‘Renew’ your RECs/GOs management system?

Post by admin on March 31, 2016

 

Energy Certs

Market demand for renewable energy continues to grow due to governmental programs, increasing corporate initiatives as well as households voluntarily choosing to purchase ‘green’ energy. Consequently, the volumes of Renewable Energy Certificates (RECs) guaranteeing that the electricity was produced from a renewable energy resource are swelling.

Apart from the management challenge of tracking RECs and monitoring exposure, those types of certificates that are tradable carry a value and must be settled and reported. This calls for automation of the end-to-end process, from generation to expiration or retirement. Pioneer’s RECTracker provides a robust solution from inventory planning to accounting. Time to ‘renew’ your RECs/GOs management system?

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Wishful Thinking and the NIH Syndrome

Post by Erica Tausch on March 25, 2015

Wishful Thinking is an attitude or belief that something you want to happen will happen even though it is not likely or possible instead of by appealing to evidence, rationality, or reality.

Not Invented Here (NIH) is a state of mind or philosophy that stems from a belief that in-house systems are inherently more suited to one’s organization than third party solutions. This results in a tendency to attempt to “reinvent the C/ETRM wheel.”

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Top 10 Energy & Risk News Highlights |
August 2014

Post by Erica Tausch on September 5, 2014

Welcome to August’s Top 10 Energy, Commodities Trading and Risk bookManagement
News Highlights

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 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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Pioneer Solutions Marks 10 Years Providing C/ETRM Software Systems

Post by admin on December 18, 2013

logonobackPioneer Solutions was originally formed to provide effective next generation software for the financial and regulatory commodity and energy markets. The nature of our company has always been commercial driven data management.

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