Overhaul of company wide data management strategy.
Single centralised data repository
Integration with 20+ downstream systems
Automated generation of hundreds of curves
National integrated oil company represented across the globe, with activities across the energy spectrum.
“After an extensive RFP selection process from six vendors, DataGenic were selected on the strength and depth of the software, domain knowledge and proven and demonstrable solutions. Our current client base strongly recommended DataGenic for that additional due diligence”.
Richard Quigley, Managing Director, DataGenic
Price Risk Department suffered from a combination of multiple in-house/external systems to supply data, and a reliance on Excel to calculate forward curves for their ETRM and downstream systems (incl. Openlink). Multiple points of data failure existed across the business, including the duplication of feeds and unreliability in both timeliness and accuracy. Frustrations lead to an RFP process for an Enterprise Data Management system, capable of automating hundreds of forward curves with seamless BPM and customisable quality checks. All in a secure, auditable and feature rich data management platform.
To ensure the success of this investment, the solution needed to be/have:
Capable of event driven automation
Supported at a global level
Off-the-shelf availability of data sources
Market data distribution from DataGenic’s data hub to an on-premise enterprise data management system with well documented API’s and ready-made adaptors to a variety of front to back office systems. Over 400 end users worldwide. Numerous external and self-grown applications have been decommissioned.
Future Proof solution for the global business units that provides confidence to any business growth plans
Traceability, accuracy and consistency in everything that is processed and generated for input into the CTRM system.
Golden Copy global database that ensures consistency and accuracy across the business units in everything they do
Multiple downstream system integration ensuring robust, on-time, accurate curves and data.