Core Petroleum LLC Selects Aspect Enterprise Solution’s SaaS ETRM
May 18, 2010
US-based crude oil trader-marketer Core Petroleum LLC (“Core”) has moved to Web-based trade capture by deploying AspectETRM – the software as a service (SaaS) energy and trade risk management solution.
Core Petroleum LLC (which was formed in early 2010) has a primary focus of crude oil origination and marketing. The management team of Core Petroleum LLC (which has over 30 years of energy market experience) chose the system by Aspect Enterprise Solutions Enterprise Solutions (AES) for its promise of fast and simple implementation.
Said Core’s David Sudhaus: “The deployment of AspectETRM was ultra-fast and the start-up costs were low. The SaaS model as defined by AES really does live up to its claims – we were able to get our true P&L and exposure figures within 2 days of starting implementation in the deal capture module”
The any-to-many scalability of AES’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 Enterprise Solutions provides enterprise class market information, trade and decision support tools for energy, metals and commodities professionals. The company delivers near real time position keeping, risk management, market prices and intelligence to users virtually anywhere, anytime. Trusted by over 500 corporations in more than 80 countries, the company’s solutions routinely support more than $10Bn of transactions every day. They go live quicker, fit more exactly and deliver greater ROI yet cost far less to implement than first generation offerings.
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