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

News

Aspect Enterprise Solutions - Blue Oil Gets AspectETRM

$1Bn Plus Oil Market Leader, Blue Oil, Steps Up To AspectETRM

London, November 18, 2009

Blue Oil, market leader in oil supply, storage and distribution along the Pacific coast of the Americas, is the latest company to switch to the AspectETRM energy trade and risk management system from Aspect Enterprise Solutions.

With offices in London, as well as North, Central and South America, Blue Oil’s trading teams are deploying the software-as-service (SaaS) AspectETRM system to deliver improved risk management and access to market information while providing better, faster management reporting.

"By upgrading to AspectETRM we're aiming to make spreadsheets a thing of the past," explains Blue Oil's deals desk manager Chris Laird. "We'll be getting risk management and real-time market data and numbers all in one screen for the first time.”

"It will also give our management team access to data much faster and more efficiently, and all our employees, regardless of where they are based, will be working from the one system”.

AspectETRM is a unified solution for traders, risk managers, operations staff and back-office personnel which supports a wide range of functions from trade capture, managing positions, viewing exposure and analysing risks through to accounting. It is entirely web-based so requires no additional hardware beyond existing desktop systems and mobile devices.

It uses On-Line Analytical Processing (OLAP) technology to enable ‘slice and dice’ reporting for quick data analysis and can be integrated with the AspectDSC market data platform to stream pricing and analytical information.

About Aspect Enterprise Solutions
Aspect Enterprise Solutions is a leading global provider of real time, on demand web-based applications for energy, metals and agriculture marketing and supply operations. Launched in 1999, Aspect solutions are now used by more than 500 top commodity companies worldwide. The company has a proven track record for delivering scalable solutions that produce measurable return on investment. Visit http://www.aspectenterprise.com for more information.

Aspect Enterprise Solutions
 Jane Pryce-Jones
jpryce-jones@aspectenteprise.com
+44 (0) 20 7632 0170

PR Agency
Kevin Fiske    
kevin@sagepartnership.com
+44 1189 344007