An interview about current changes in the energy sector and how the company has positioned itself as a pioneer of next-generation ETRM software. With significant changes in energy markets, what challenges are your customers currently facing? Uday Baral, Pioneer Solutions: The pace of change in the energy market is undoubtedly increasing. In general, our customers
Commodity/Energy and Risk Management (C/ETRM) solutions are purpose-built software systems to automate tasks and business processes supporting the entire trade cycle from deal capture and contract management, to pricing and complex fees, trade confirmations, portfolio management and valuations, risk controls, collateral and credit management, to settlement, and regulatory compliance reporting. With so many different requirements
It’s the time of the year again to change the old for the new; we bid farewell to 2019 and head into 2020 – the start of a new decade. Whatever the future will bring, it will continue to require companies’ abilities to anticipate and creatively respond to on-going change. Doing so in the commodity/energy
We normally talk about trends, challenges and opportunities in the Commodity and Energy Trading and Risk Management (C/ETRM) space, whether it is technical (Cloud, SaaS, automation, robotization, data analysis, etc), business (Agile transformation, digitalization, intraday trading, physical vs financial etc), or external market (deregulation, data protection, regulatory reporting etc). You’d think reasons enough for market
In general, the term “future-proof” refers to the ability of something to continue to be of value into the distant future, that the item does not become obsolete – Wikipedia. The term has also entered the C/ETRM space. Especially existing users of C/ETRM systems looking for replacement of their legacy system are sensitive to finding
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