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?
This article is aimed to provide a brief overview of the front office business processes Commodities and Energy Trading Risk Management (C/ETRM) software solutions are designed to encompass. This is the first of a three article series that breaks C/ETRM system functionality into three categories and defines the business processes involved in each of those areas. Continue reading