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
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