AOT Energy Deploys AspectCTRM In First Phase Of Planned Global Roll-Out
November 29, 2017
Aspect Enterprise Solutions, the leading provider of energy trade and risk management cloud software, announced today, that AOT Energy has successfully deployed AspectCTRM within its Belgium operations. It’s the first installation of a planned global roll-out to cover AOT Energy’s crude oil, gasoline and products business units.
AspectCTRM is expected to become the central source of record for trade and risk management reporting across multiple trading offices located in Asia, Europe and North America. The solution streamlines its business worldwide in real time with a single point of entry for data, saving the company time and money.
“We were able to adapt AspectCTRM to our business processes, reporting and data presentation requirements,” says Philip Goedkoop, AOT Energy’s Global Project Manager for its AspectCTRM deployment. “Aspect’s extremely flexible technology allowed our internal IT group to extend the solution to handle some of our most complex business operations and tax rules.’’
AOT Energy trades in key energy commodities worldwide, covering crude oil and oil products, renewable energy sources, petrochemicals, natural gas, LNG and coal – www.aotenergy.com. Among the many operations AspectCTRM supports are physical and paper transactions, hedging, broker reconciliation, pricing, credit risk, position and profit and loss reporting, and inventory and operations management including truck distribution and sales.
Aspect’s Senior Vice President of Europe, Yags Savania said, “AOT Energy is an important client. They are leveraging our flexible and cost-saving cloud technology the way we envisioned, and we’re proud to have them as valued partners.”
Aspect is a leading global provider of multi-commodity trade, risk and operations management applications delivered Software-as-a-Service (SaaS) in the cloud. With almost 500 customers in 90 countries, it’s one of the fastest growing providers with rapid deployment, affordable subscription fees, and immediate ROI for all size companies. AspectCTRM is its flagship product featuring a functionally rich, modular front, middle and back office suite available in Lite, Standard and Enterprise Editions. Aspect is the only ETRM/CTRM solutions provider with pre-trade market data and analytics tools delivered with its trade and risk functions on the same platform.