AspectCTRM for Oil & Gas

AspectCTRM supports several types of business for oil products. See our complete solution set for oil markets which includes these Modules: Trade Management, Risk Management, Physical Operations and Financial Operations.

Products Supported:

• Crude Oil
• Petroleum Products
• Petrochemicals
• Marine Fuels

For Any Size Company:

• Integrated Majors
• National Oil Companies
• Refining & Marketing
• Petroleum Wholesalers/Distributors
• Physical & Financial Trading Firms
• Asset Holders/Management
• 3rd Party Logistics Providers
• Bunker Companies W/Add-On Bunker Module
• Bulk Consumers
• Brokers

Solution Overview: AspectCTRM For Crude Oil & Petroleum Products

Achieving optimum trading performance while minimizing business risk, and reducing transport and inventory costs against supply disruptions and unplanned market events is complex. Add constantly fluctuating market prices, ongoing credit issues with the banks, and changing accounting regulations – and the jobs of marketers, risk managers and operations professionals are difficult without a centralized and professional system. Many companies are using multiple spreadsheets to perform marked-to-market (MTM) and to hedge physical positions. This causes major risks, inaccuracies and an inability to manage and reconcile front and back office activities efficiently and cost-effectively. Companies know spreadsheets are not the answer – but the costs and risks associated with implementing traditional software have been prohibitive to small to medium size companies.

AspectCTRM is the only Software-as-a-Service (Saas) in the Cloud trade, risk and operations management solution. It’s an affordable option for small to mid-size companies – and because of its ability to scale and deploy swiftly – is also used by some of the largest companies globally. It provides access from anywhere in the world and boosts interoffice collaboration through its suite of applications which create end-to-end visibility across multiple business units and systems. Traders, risk managers, schedulers and back-office personnel manage streamlined, integrated planning and fulfillment in real time. Tools within the solution expose critical market intelligence and provide scenario analysis and forecasting to create a nimble, visible environment that reduces risks and promotes supply-demand success.

Hedging

The quest for fuel procurement optimization and improved margins has never been greater. Hedging to optimize fuel procurement is a necessity for large consuming business like airlines, transportation companies and industrials. AspectCTRM Standard Edition is an affordable, quick implementation choice for companies not looking to profit from fuel transactions. It’s also a good choice for companies hedging to improve margins. AspectCTRM allows companies to manage margins more effectively through long-term deals, hedging and position management, and through efficient invoice validation and settlement.

Market Pricing Integrated With Transactional Activity

An enterprise information management strategy is critical in the success of leveraging a CTRM system due to the time sensitive nature and accuracy of changing prices being applied to transactions and portfolios. Most AspectCTRM customers also subscribe to our AspectDSC Market Data & Analytics solution. AspectDSC is the decision support center for traders globally who access futures and spot prices – and chart trends for multiple commodities from sources like NYMEX, ICE, Platts, Dow Jones, CBOT, LME and others. This provides a seamless transfer of market prices used to validate trades and update positions. With the push of a button prices are uploaded from AspectDSC throughout the trading day. Many companies are manually updating this information which causes errors. Also many times corrections are missed when prices are re-released to the market as price corrections. AspectCTRM also integrates with external market intelligence providers, but the advantages of linking AspectDSC to trades as the pricing intelligence of record are unparalleled.

An enterprise information management strategy is critical in the success of leveraging a CTRM system due to the time sensitive nature and accuracy of changing prices being applied to transactions and portfolios. Most AspectCTRM customers also subscribe to our AspectDSC Market Data & Analytics solution. AspectDSC is the decision support center for traders globally who access futures and spot prices – and chart trends for multiple commodities from sources like NYMEX, ICE, Platts, Dow Jones, CBOT, LME and others. This provides a seamless transfer of market prices used to validate trades and update positions. With the push of a button prices are uploaded from AspectDSC throughout the trading day. Many companies are manually updating this information which causes errors. Also many times corrections are missed when prices are re-released to the market as price corrections. AspectCTRM also integrates with external market intelligence providers, but the advantages of linking AspectDSC to trades as the pricing intelligence of record are unparalleled.

Solution Benefits

• Run straight-through processing from deal capture to settlement for operational efficiency, accuracy and cost-savings.
• Hedge for fuel procurement optimization & greater margins.
• Easily enter & manage all deal types in a flexible, user-friendly system, including physical, spot, evergreen, futures, options, OTC, & more.
• Integrate market data prices and analytics on one platform with AspectDSC’s market prices instantly uploaded to AspectCTRM for real-time P&L, exposure and risk management & reporting. Track and chart NYMEX, Platts, Dow Jones and other key market sources in real-time and historically.
• Gain access to real-time profit and loss performance metrics, plus full transparency of costs and risks to eliminate threats and better manage trading performance.
• Produce fast action intraday & closing reports: No other system produces reports in seconds.
• Monitor the value of marked-to-market, cash positions and P&L simultaneously with market fluctuations, and as deals are entered and updated. This empowering capability is surprisingly still out of reach for many energy companies using older technology or spreadsheets.
• Stress Testing: Analyze scenarios that can negatively and positively affect your P&L to avert losses and take advantage of market opportunities.
• Display professional trade management tools, audit trails and documentation to secure lines of credit.
• Confidently manage and leverage inventories against changing portfolios and volumes in-storage and in-transit.
• Synchronize plans with accurate inventory data to determine the best financial option for product sales and distribution.
• Re-forecast demand to maximize transport opportunities and minimize delivery risk.