While integrated C/ETRM systems have been commercially available for over two decades, they haven’t eliminated the usage of spreadsheets. And they won’t as business users in the commodity trading space will tell you so. According to a 2017 survey conducted by Comtech Advisory, spreadsheets were simply deemed faster and easier to use for certain tasks.
Driven by the digital revolution that is transforming industries and economies, organizations are navigating a rapidly evolving environment of customer expectations and new competitors that demand action to accommodate changing priorities. Engaging with this environment calls for C/ETRM solutions that are highly configurable and scalable to provide new capabilities and drive results, and doing this
Enterprises, by definition, take risks. Fortunately, risk can be managed well. The art is to identify and mitigate them. Sounds simple, and according to risk-experts, it is. Many people mix up problems and risks. To be clear, a risk is never a problem. A risk is something that can happen but hasn’t happened yet. And
As businesses grow, so does their need for modern, agile and cost-effective commodity/energy trading risk management (C/ETRM) solutions. Pioneer Solutions explores how its next-generation, highly configurable C/ETRM systems take advantage of the latest technology to deliver the functionality to do more with less The digital transformation of the C/ETRM space is one of the hottest topics right
Psychology studies tell us that people are twice as risk adverse as growth oriented. For customers of C/ETRM solutions, hearing that their vendor just got acquired is unsettling, either as loyal users, having just selected or just finished implementation of the system. It can cause disruption, while you’re getting exposed to risk of increased pricing
At the recent REC Market Meeting 2019, a global expert conference on renewable energy markets, price development in the Guarantee of Origin (GO) market was a topic of attention. With some product prices increased by 100% and in select cases as high as 2000%, it has woken up both risk managers and legal departments to
From changes in the energy industry, where assets got into the hands of financial traders to become asset-backed traders, or where renewable energy has caused an increase in short-term and cross-border trading, to growth in physical trading across non-energy commodities to meet global demands, it has given rise to a need for integrated functionality to
At Pioneer Solutions, one goal never changes, and that’s our commitment to approach every engagement with our existing and prospective customers with one objective in mind; ensuring their success and satisfaction. We want them to know how our C/ETRM solutions will benefit their operations through increasing process efficiency, reducing cost, minimizing operational risks while maximizing
