In the past trading houses had only two options: spreadsheets or big-budget custom software development programs. Now SaaS-delivered solutions combined with Cloud Computing offer a real, cost-effective alternative. With the global economy, regulatory environment and credit shrinkage increasingly mandating formalized systems for even small trading companies, SaaS offers fast-start, turnkey solutions without up-front investment or resource demands.
Steve Hughes
President & CEO
Aspect Enterprise Solutions
Cloud-based applications — aka Software as a Service (SaaS) — have seen steady growth over the past few years and will continue to grow.
Gartner, Inc., Cloud Computing: The Next Generation of Outsourcing, Ben Pring, November 1, 2010

According to Technology Research Analyst Firm Gartner…

We are in the midst of a fundamental shift, as more enterprises start to use services enabled by cloud technologies. This will heavily impact IT services providers, who must now consider strategies for coping with profound changes in the marketplace or risk being left behind.
Cloud Computing:
The Next Generation Of Outsourcing
Ben Pring, November 1, 2010
According to Technology Research Analyst Firm Gartner…
Increasingly, hosted or SaaS-based solutions are gaining favor among end users as a means of reducing capital costs, deployment times and support overheads. While traditionally these solutions were preferred options for smaller end users or end users with limited functional requirements, as the functional capabilities of SaaS - or application service provider (ASP)-based deployments grow, the appeal to larger organizations will widen.
Magic Quadrant For Energy Trading And Risk Management Platforms
Keith Harrison and
David Furlonger
March 18, 2011
AspectCTRM was installed and working for us so fast – quickly enabling us to get a real-time understanding of profit and loss, exposures, price movements in the markets and how we can better manage risk.
Peter Malcom King
Business Development & Strategy Manager
Linetrale Oil Supply & Trading Company, Nigeria
We like to do things differently at Aspect. We showed that with our open pricing policy back in 2011. Now we’re challenging another industry norm by developing a revolutionary set of embedded tools that will empower customers, or their choice of third party consultant, to do that essential final part of the deployment and make whatever changes they want thereafter.
Steve Hughes
President & CEO
Aspect Enterprise Solutions
This is just the beginning. We've hired a new team in our newly formed partnership division whose job is to identify key companies that meet our strategic partner goals for selling, deploying and supporting AspectCTRM solutions. This group will leverage the lengthy development work we've done over the past several years for our AESthetics project, which will allow our deployment partners the ability to learn, configure and deploy our solutions as quickly as we can, in just a few weeks. There's huge cost efficiency savings in this.
Steve Hughes
President & CEO
Aspect Enterprise Solutions

News

Souz Petrolium Selects Aspect Enterprise Solutions' Oil Trade, Risk And Inventory Management Solution

London, April 4, 2012

Geneva-based oil trading house Souz Petrolium has chosen the AspectCTRM commodity trade and risk management system from vendor Aspect Enterprise Solutions as the heart of an integrated, enterprise-wide solution enabling fully end-to-end trading.

AspectCTRM is a multi commodity trading and risk management solution based on Software-as-a-Service (SaaS) architecture and delivered in the Cloud. It provides comprehensive real time trade and risk management, and physical and financial operations functionality for mid-market and top tier trading companies globally supporting oil, biofuels, metals, steel, and other commodities.

At Souz Petrolium, AspectCTRM Standard Edition will be integrated with the company’s existing systems including Sun Accounts. The end result will be a company-wide technology architecture spanning operations in Europe, Russia and Asia-Pac, and allowing for future growth and functionality expansion. The implementation includes inventory operations functionality to support Souz Petrolium’s storage and blending activities, and also allows the production of custom management reports as required.

Souz Petrolium’s Jim Fleet said AspectCTRM was an ideal choice for the organization since he and a number of his colleagues had prior experience of the system with previous employers.

“The implementation and integration work is currently being planned across all our locations with the Aspect team working both remotely and on-site,” he said. “We like the fact that Aspect has presence globally and can support us everywhere, and we trust Aspect’s consultants to get the job done with minimal disruption to our business.”

Aspect EMEA sales director Yags Savania said, “It’s great to be working with a new and fast growing company like Souz, and in Geneva where we already have a substantial installed base,” he said. “It is also further evidence that AspectCTRM is becoming the dominant standard for physical trading where it can demonstrate real value from day one.”

About Aspect Enterprise Solutions

Aspect Enterprise Solutions www.aspectenterprise.com is a leading global provider of Web-based, multi-commodity trading, risk management and data analysis applications with almost 500 customers and thousands of users in 90 countries. The Aspect family is the only integrated, all-in-one platform delivered as Software-as-a-Service (SaaS) in the Cloud, which enables rapid deployment, controlled costs and immediate ROI. Applications include AspectCTRM®, a full-featured commodity trading and risk management enterprise suite for front, middle and back office. It’s available in three editions: Lite, Standard and Enterprise, seamlessly expanding in functionality according to the needs and budgets of clients. AspectDSC is the decision support center for traders offering oil, metals and agricultural market news, prices, futures and analytical tools on desktops and mobile devices including Apple® iPhone® and iPad®, and BlackBerry. AspectPM is the Price Manager solution which provides consolidation and support for the global oil price forecasting process and forward curve management.

Media Contact
Brigette Gebhard
Aspect Enterprise Solutions
+1 347-328-0396
bgebhard@aspectenterprise.com