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

AspectETRM Trade & Risk Management Is First Choice For Lemvig Oil Trading SA


London, December 18, 2009

AspectETRM, the fast-to-implement energy trade and risk management system, has been chosen by Geneva-based Lemvig Oil Trading SA for critical front and back office roles. Lemvig Oil Trading specializes in trading and transportation of oil and oil-related products in Russia and the countries of the Confederation of Independent States.

The software-as-a-service (SaaS) system from Aspect Enterprise Solutions will initially give Lemvig’s trading team real time deal capture, position keeping, physical trade logging and reporting facilities. Later it will be expanded into back office and inventory management functions.

Replacing a spreadsheet based system at Lemvig, AspectETRM gives real-time market prices and information enabling traders to make better informed, more accurate decisions. In addition, by keeping all trade-related information together in one place, it will speed operational reporting.

“We knew we were joining a discerning group of users so the new confidence and accuracy with which we can trade thanks to AspectETRM have merely confirmed our expectations,” says Lemvig’s director of trading, John Spencer.

“Having experienced a range of traditional, client-server systems, what really impressed was the super-fast and pain-free implementation. Moving from spreadsheets to real-time online was a major change and we were expecting it to temporarily adversely affect our business. In the event the cut-over was super-fast and very easy, showing that Aspect as a company has really thought hard about how this technology can be made to deliver positives right from the off.”

The any-to-many scalability of Aspect’s SaaS solutions and the speed with which they can be deployed contrasts dramatically with legacy systems which typically take a year or more to implement and which fail to effectively scale downwards to support smaller trading operations. Even in a large scale fully end-to-end implementation, key elements of AspectETRM, such as deal capture and risk analysis, can be in place, working and delivering value within a matter of days, with successive additional elements going live as the progress of integration projects allows.

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
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