CEPSA achieves significant improvement in business operations
More accessible data
More accurate data
Cepsa is a Spanish energy group fully owned by the International Petroleum Investment Company (IPIC). It employs more than 10,500 people and operates at every stage of the hydrocarbon value chain. It is engaged in petroleum and natural gas exploration and production activities, refining, transport and sale of crude oil and natural gas derivatives, biofuels, co-generation and electricity sales.
“Our data is now more accessible, timely and accurate to both users and downstream applications”
Charo Cepero, Finance and Risk Manager for Cepsa Trading
Cepsa required operational agility to sustain their competitive advantage. The challenge was to automate many of the manually driven processes, provide a scalable solution for their future requirements, data flow integration with key systems, whilst increasing the accuracy and timeliness of the data.
To ensure the success of this investment, the solution needed to be/have:
Low running costs
Robust auditing & security
Extensive market data coverage
Easy to operate
Flexible to change
The Genic DataManager platform and associated modules were implemented and integrated with multiple 3rd Party systems, ensuring seamless data flows, a single source of data truth and on-demand analytics.
Cepsa perceives the flexibility of the system to be invaluable. It allows them easily integrate with other systems, add/change curves and model their internal data.
Data silos are a thing of the past, with a centralised repository of accurate, consistent and single source of data for the whole organisation
Complete automation of key tasks has ensured more timely and accurate data and forward curve calculations, as well as efficiency gains with straight through processing (stp) to key 3rd party systems.
The visibility of all data flows, extensive auditing and single-sign on security provides the assurance that Cepsa is both compliant to external auditors and database vendors, as well as internal controls.