2017 First Half Year Review: Aspect Enterprise Solutions Solidifies Position As Top CTRM Software Provider
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.
I’m pleased to report that our first half year results are solid. Following the last two years of record sales in the commodity trading and risk management software space, the first 6 months of 2017 have seen our revenues continue to grow, signing new business, and extending contracts with existing clients.
Satisfied Clients Extend & Expand Contracts
Aspect Enterprise Solutions’s existing clients expanded with additional licenses for more users, with almost $2.5M in new licenses by just three clients. Anglo American, our large metals trading client, has extended further out with more users and additional years added to its contract, showing its satisfaction with Aspect.
New Clients Discover The Benefits of AspectCTRM
Aspect continued adding new business through two quarters, signing up several new clients with licenses and implementations totaling more than $1.5M.
Aspect’s new business through two quarters included new deals in the UAE, Athens and Estonia. AspectCTRM won over competitors on the back of its experienced pre-sales teams and its ability to show the growing strength of its Aspect Enterprise Solutions brand, and how AspectCTRM can solve challenges in hedging, storage and logistics. For our new Estonia-based client, our system was selected after an exhaustive evaluation with competitors, where Aspect Enterprise Solutions once again eliminated the competition with our team’s expert knowledge and our software’s impressive features.
Trade support for new clients includes LPG, crude oil and oil products for deals in the Far East, North Sea, Mediterranean and West Africa.
Awards and Recognition
We also added to our trove of awards, with more recognition. At gala events in Houston and London, Aspect proudly accepted the Energy Risk award for top ETRM / CTRM Software. Aspect Enterprise Solutions received a second award being named number 1 Cloud CTRM solution globally through the Annual Energy Risk Rankings Report. Aspect Enterprise Solutions also received two Game Changer Awards from Finance Monthly and ACQ5.
In closing, Aspect Enterprise Solutions has a strong pipeline and we look forward to continued growth through the second half of this year. Please be sure to sign up for our blog to stay connected to Aspect happenings.