In this new world of digital transformation, forward looking energy/commodity trading companies are leveraging automation to accomplish what their competitors are still doing manually. At the same time, driven by tech-savvy users who grew up on digital, they are looking for new ways of implementation, innovative delivery methods, and quick service. Combined with market demands for less costly solutions, proven functionality that is implemented faster and reasonable flexibility as companies’ businesses change, how to meet their needs to drive profitable growth: Digital Transformation: Self-service in C/ETRM.
When a modern CTRM system, such as Pioneer Solutions’ TRMTracker, offers a high-degree of user configurability, the reliance on the vendor will reduce for a lower cost of ownership over time. Moreover, with TRMTracker already being web-based, it offers the additional attractiveness for Software-as-a-Service (SaaS), delivered within a shared cloud infrastructure with no need to install, maintain, or host software onsite. Combining those two key properties paved the way to take it a step further: a self-serving, rapid deployment environment for C/ETRM Software-as-a-Service via www.trmtracker.com
Hit the Ground Running
TRMTracker.com differentiates from other C/ETRM SaaS offerings by providing a standard set of ‘enterprise-grade’ tools across the Front, Mid and Back office functions, including workflow, data import and innovative reporting capability. TRMTracker.com does not have the restrictions of preconfigured solutions. Instead, within the provided set of functionalities, customers can configure their CTRM software to fit their business from front to back office.
After receiving a short tutorial and some basic implementation support, the user can do this self-configuration and expect to be up and running in 1-2 weeks. This includes entering actual trades, reviewing Mark-to-Market, monitoring Credit Risk,producing invoices and performing reporting.
Front-office functionality includes trade capture, position management, confirmation and deal transfer. Middle-office supports price curve management, mark-to-market, credit exposure, Value-at-Risk, credit risk, limit management, and what-ifanalysis. The Back-office provides functionality for settlement, invoicing, and accounting.
TRMTracker.com leverages the superior ability to configure customer business processes from Pioneer’s flagship commodities trading and risk management software system. TRMTracker.com allows the user to configure and change templates, formulas, book structures and data import/export rules supporting a slew of formats from flat files to XML, SOAP and REST webservice APIs. To minimize the future cost of maintaining customizations, the system allows, among others, to add user define fields. Finally, innovative reporting options offer easy report creation and ensures user adoption, should the intuitive screens haven’t done that already.
Growing businesses need a modern, agile C/ETRM solution that is cost-effective, scales rapidly and future-proofs their company for long term innovation and growth. Too often, however, growing businesses are held back by entry-level software systems that stifle growth and unreliable manual processes that cut into performance and profitability. Pioneer’ www.trmtracker.com offers comprehensive front-to-back functionality and enables making the step to digital transformation easier, leveraging an innovative self-serve approach, thereby delivering a less costly next-generation C/ETRM software solution.