Joint trading venture between national oil company and leading petrochemical refiner
“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
This relatively new company was depending on a decision support tool and broker e-mails for their market pricing requirements. Both mediums were found to be unreliable and inadequately supported. Excel was used to calculate forward curves and interface with their ETRM and downstream systems (incl. Openlink, Amphora and SAP). An RFP process was undertaken for an Enterprise Data Management system, capable of dealing with erratic broker data, automating forward curves with seamless workflow and customisable quality checks. Challenging replacement deadlines existed due to the renewal of their incumbent provider
To ensure the success of this investment, the solution needed to be/have:
Wide variety of forward data sources
Capable of event driven curve automation
Able to deploy in an 6-8 week period
A DataGenic hosted HA enterprise management system accessible from multiple global locations and populated with supported feeds from a centralised data centre. A remapping of previous spreadsheets within the integrated and auditable Excel Add-in. The simultaneous updating of consuming systems for M2M and accounting procedures. Core capabilities for Phase 1 delivered in 6 weeks.
Future Proof solution for the global business units that provides confidence to any business growth plans
Confidence in the CTRM reports being generated on-time with accurate data.
Integrated and secure Excel module enabling speedy remapping from previous system.
Golden Copy global database that ensures consistency and accuracy across the business units and access to hundreds of new sources.
CTRM interfaces ensuring robust, on-time, accurate curves and data to commodity specific applications.