Tags: application programming interface-API, Ctrm requirements, Emis system, ETRM software, Etrm software implementation pitfalls, Joint application development, Trading Risk Blog
Re-posted-Next Top ten (6-10+) reasons Etrm-Ctrm & Emis system implementations fail!
The following depicts the Front-mid-to back-office complexities associated with delivering comprehensive Ctrm-Etrm & Emis solutions…so how can you avoid a failure in delivering this often complex business software:
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Tags: CTRM, ETRM, etrm implementation, General Ledger Integration, SAP Integration, Trading Risk Blog
In this technological age any sizable organization would expect their commodity energy trading & risk management – Ctrm- Etrm system to easily integrate with ERP systems like SAP to realize a return on their investment -ROI. Most Ctrm-Etrm vendors tout solutions that easily integrate with ERP and General Ledger solutions as part of their value proposition. The reality is that this is not the case and this is an area that anyone embarking on Ctrm-Etrm integration with an ERP system should seriously consider the challenges associated with the integration.
Tags: aasb 139, CTRM, derivative hedge accounting software, EMIS, Energy Risk, ETRM software, FAS Software, hedge accounting software, Pioneer Solutions, Risk management software, Trading Risk Blog
Top five (5) of ten (10) reasons that energy (commodity) trading and risk management -ETRM –CTRM and Emissions Management Information System -EMIS solution implementation projects fail and how to avoid the pitfalls.
1. Hard coded software rarely meets requirements; 80% is the avgerage fit to requirements requiring 20% (minimum) customization. This should not be a surprise to those that have been around software etrm implementations. Rarely does software meet 100% of requirements. One of the big reasons for this is that everyone in the energy trading and risk management space does business differently and likes to look at it differently. The key is to manage the 20%. To avoid rouge projects insist on a fixed price for the implementation, if that cannot be accomplished an iterative approach, where payment is made at the end of delivered iterations, should help ease risks. Also look for new technologies that are easily configurable (no coding needed) versus customizable (requiring coding expertise).
Tags: commodity trading & risk management-CTRM, CTRM, Energy Risk, Energy Trading and Risk Management-ETRM, ETRM, ETRM software, FARRMS ETRM architecture, Pioneer Solutions, Trading Risk Blog
Introduction to the FARRMS advanced Energy-Commodity Trading and Risk Management ETRM-CTRM Enterprise Architecture built organically by Pioneer Solutions LLC.
Financial & Regulatory Risk Managment System (FARRMS) Enterprise Architecture
Tags: commodity trading & risk management-CTRM, derivative hedge accounting software, Energy Trading and Risk Management-ETRM, ETRM back office defintion, ETRM software, hedge accounting software, Hedging strategy, Pioneer Solutions, Trading Risk Blog
So why would a company enter into a hedge that becomes a cash burden? Remember entering into a hedge position is a way to lock in potential future exposure to a commodities volatility, however just because you think prices are going up in the future does not necessarily mean that they will. Should prices slide and not rise, for example the mentioned Utility “buy position” becomes a loss margin call cash exposure. The position now has a loss associated with it.
Tags: commodity trading & risk management-CTRM, CTRM defined, CTRM definition, Energy Trading and Risk Management-ETRM, ETRM, ETRM defined, Trading Risk Blog
What is ETRM -Defined?
Energy Trading and Risk Management –ETRM definition- ETRM refers to the business processes associated with managing complex energy trades and/or portfolios of physical assets; from energy trade or position deal capture, to risk management, to deal settlement and invoicing. ETRM is the entire end-to-end process of managing the physical and financial trade or deal lifecycle of an energy position.