CTRM SYSTEMS
deployment, and we continue to expand capabilities in this direction.” The complexity of CTRM systems
usually has a “disproportionally adverse effect on project costs and timescales” according to Contigo. “Clients often set unrealistic expectations by presenting a ‘wish- list’ of needs. While a flexible and configurable system such as Contigo’s enTrader is a good place to start, clients should work with their vendors and identify those wish-list requirements which may ultimately impact the project delivery.”
CTRM systems can now be implemented in few weeks rather than years
There remains a long history of
failed 3-4 year implementations within the sector. Clients adopting an 80/20 rule have a much better chance of getting their solution installed and working sooner. A few years back, typically all CTRM systems would
take 1–2 years to be implemented. However, with SaaS, the implementation can be very simple and straightforward making it faster and less costly. CTRM systems can now be implemented in few weeks rather than years. Long implementations and increasing costs: “This is unacceptable to most new entrants into the traditional world of CTRM solutions. The future is in ‘packaged services’ with a well- defined suite of implementation services that implement an ‘out- of-the-box’ in a short space of time,” [Aspect].
New Customer Requirements Some of the new requirements requested by customers include
STP – from execution, financial and physical operations, to final settlement and closing of the trade – according to Aspect. This includes multi-commodity support. “Our clients are looking to extend the scope of the ‘traditional’
CTRM and are moving toward a more integrated market approach,” say Contigo, who are seeing more demand from the ‘upstream’ side of the business – inputs in the CTRM system – than has historically been the case. These inputs include demand management, product logistics, physical product deliveries, energy broker management with client side portals and energy retail supply. Additionally, clients require advanced automation such as links to exchanges and EFET to allow enhanced levels of STP). “Many customers are also looking to retain intellectual
property on key functions and processes within their ETRM implementation. Contigo’s enTrader plug-in code capability
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