AspectCTRM Chosen As Growth Catalyst For Geneva-Based Start-Up Cadoil
October 20, 2014
Newly launched start-up Cadoil Trading SA, created by a team of seasoned professionals with strong sector track records and established relationships throughout Europe, the Middle East and Africa, has selected Aspect Enterprise Solutions Enterprise Solutions leading cloud solution AspectCTRM as its trade and risk management platform.
Bold expansion plans will see Geneva-based Cadoil triple their user base within two years, with the cloud-based solution supporting front-, mid- and back-office trading in physical cargoes and related derivatives.
Cadoil’s choice of AspectCTRM was made after a rigorous evaluation process, managed by the globally recognized consultancy firm PWC, of five contending offerings. Aspect Enterprise Solutions emerged the winner on cost of deployment, cost of ownership, functionality and scalability.
Cadoil’s CEO Luis Muniesa first encountered AspectCTRM in 2005 when he was trading manager at a refining company in Spain. “With the start-up of Cadoil, I wanted Aspect Enterprise Solutions on our selection list. The process was handled by PWC and Aspect’s Standard Edition came out on top. It’s a very impressive solution, written by traders, for traders, it supports our needs for recording all trading activity, assisting in decision making and analysis, and delivering management reports. Our backers are looking for rapid expansion. Aspect’s modular approach will act as a catalyst for growth by enabling us to start small and grow quickly while adding functionality such as interlinks to other systems including our ledger.”
Aspect Enterprise Solutions EMEA Sales Director Yags Savania said the deal with Cadoil saw Aspect Enterprise Solutions going head-to-head with the CTRM sector’s heavyweights and yet again coming out on top. “Managed by PWC, the selection process at Cadoil delivered further evidence that as AspectCTRM matures it matches point for point all the functionality offered by the competition, and wins hands down through speed and cost of implementation.”
Aspect Enterprise Solutions has not lost a single deal over the past two years when put into an evaluation process against competitors. Its message for delivering benefits is unmatched by competitors whose costly hardware, software and maintenance fees are becoming unpopular when measured against the cloud.
About Aspect Enterprise Solutions
Aspect Enterprise Solutions Enterprise Solutions is a leading global provider of multi-commodity trading, risk management and data analysis applications delivered Software-as-a-Service (SaaS) in the cloud. With more than 500 customers in 90 countries, it’s one of the fastest growing providers with rapid deployment, controlled costs and immediate ROI for all size companies. 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, tablets and mobile devices. AspectPM is the Price Manager solution which provides consolidation and support for the global oil price forecasting process and forward curve management.
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