2015 Year In Review: Aspect Enterprise Solutions Enjoys Success
Written by Steve Hughes – Steve is President and CEO of Aspect Enterprise Solutions, a leading global cloud solution provider of energy and commodity trade and risk management software.
As the New Year begins and we put 15 years behind us, we stop to think about the challenges we’ve overcome, new software and technology we’ve developed and shared, new customers we’re proud to welcome, and existing customers who have expanded their commitment. In all, new business totaled more than $9.6M in new software contracts at a 71% increase over last year.
Our new customers are industry giants, as well as start-ups across commodities and industries, including marine fuels/bunkers, metals, petrochemicals, oil and more.
New AspectCTRM customers in the last year, include: Aegean, Elliptical, Hess, Essar, Interchem, The Klesch Group, Chemium, Gyxis, Sasol, Nesta, and Sumitomo, to name a few. We’ve also expanded our footprint within existing clients and added dozens more customers using AspectDSC for real time and historical market prices and trading tools.
We’ve heard the rumblings on the street about many of our competitors who have struggled due to low commodity prices causing a downturn in the sale of their ETRM and CTRM software. These companies have reported everything from a plummet in their stock price, to cuts in staff and development, and shifts in focus to other parts of their business outside of trade and risk management.
At Aspect Enterprise Solutions, we’ve had one of our best years due to our ability to keep the cost of our cloud software down. AspectCTRM is uniquely developed and positioned at a much more affordable price point, allowing just about any size company to benefit from leading trade, risk, and operations software that can be leveraged enterprise-wide globally.
One of our themes over the past year has been replacing aging client-server trading and risk systems. Some competitors are not improving and supporting their older software, and they’re charging a lot of money to have customers migrate to a newer solution, which is forcing companies to make a decision to change solution providers. We’re glad to gain that business.
We’re continuing to develop features to match and rival our competitor’s systems as we continue to grow and evolve. We’re young and maturing with newer more powerful technology backing our AspectCTRM platform.
We’ve talked about “Any Cloud” which is unique in this industry and will allow our customers the choice of where they host their CTRM whether it’s in our Cloud, their private cloud or a public cloud like Amazon, Microsoft or Google. This is truly innovative and displays our flexibility and modern architecture.
We’ve added refinery modeling for risk management, and major improvements for back office, operations, gasoline blending, and base, precious and concentrate metals.
In the coming New Year, you’ll be hearing about our new AspectSTP functionality, which allows companies to stream their trades made on the exchanges through to AspectCTRM with straight-through-processing. We’re live with CME and adding new exchanges as I write. We’re enhancing our commodity sets in metals and physical oil and agriculture, and expanding into natural gas trading.
We accepted another industry award, “Energy Risk Asia’s Technology House of The Year” and we were recognized as one of “CIO Review’s 20 Most Promising Tech Solutions.” Once again IDC MarketScape named Aspect Enterprise Solutions a major player in an important analyst report used by the industry to evaluate procurement options for ETRM and CTRM software solutions.
You can read about our distinctions here:
In addition, we are in the final stages of meeting ISO 27001 security standards which helps us secure assets and information and is of strategic importance to our larger clients, and for own company standards. This will be completed in early February 2016.
Thanks to all of our customers, partners, staff and industry colleagues for working with us this year, and putting our trust in helping build world-class trade and risk management cloud software. We’re looking forward to a great 2016, and wish you all the best.
Happy New Year,
Aspect Enterprise Solutions
President & CEO