Danish Bunkering And Oil Derivatives Trading Company Monjasa Selects Aspect Enterprise Solutions For CTRM In The Cloud

June 29, 2012

Danish bunkering and derivatives trading company Monjasa is the latest trading house to go live with the AspectCTRM trade and risk management solution from Cloud vendor Aspect Enterprise Solutions.

AspectCTRM is the company’s multi-commodity trading and risk management solution based on Software-as-a-Service (SaaS) architecture and delivered in the Cloud. It provides comprehensive real-time position keeping, P&L, market risk analysis, shipping and financial operations functionality through a series of flexible modules.

Headquartered in the port city of Fredericia and with operations in Singapore, Dubai, US and Latvia, Monjasa had previously used a combination of ERP system and custom spreadsheets to manage trading, back office and physical operations. Monjasa deals in short term and long term bunkering deals of fuel oil and gas oil. It owns and operates its own fleet of tankers which act both as delivery vessels and floating storage.

Monjasa chose Aspect Enterprise Solutions for a number of reasons, including its quick deployment timeframe, and because Aspect Enterprise Solutions is the only Web-based solution provider that delivers all of its solutions on one platform, accessible via one password. Traders signed on to receive market data and analytics from AspectDSC, which interfaces with AspectCTRM, enabling futures, spot prices and curves to be streamed for deal valuation and real-time reporting.

AspectCTRM’s inventory and storage management capability – alongside its core trade, risk and market data functionality – made the system a natural choice for Monjasa as risk manager Frank Lausen explains.

“We could see at first glance that AspectCTRM was going to do the job we wanted it for, and do it very well. It gives us a single common interface on market data, trade and risk management, and storage and inventory management. It’s easy to use and brings everything together into one seamless, effortless process,” Lausen said

Aspect Enterprise Solutions, which has earned a reputation for rapid go-lives due to its Cloud-based platform, configured Monjasa’s system in just a few days from contract signing to deployment. It marks one of the fastest deployments yet for Aspect Enterprise Solutions.

About Aspect Enterprise Solutions 

Aspect Enterprise Solutions www.aspectenterprise.com is a leading global provider of Web-based, multi-commodity trading, risk management and data analysis applications with almost 500 customers and thousands of users in 90 countries. The Aspect Enterprise Solutions family is the only integrated, all-in-one platform delivered as Software-as-a-Service (SaaS) in the Cloud, which enables rapid deployment, controlled costs and immediate ROI. 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 and mobile devices including Apple® iPhone® and iPad®, and BlackBerry. AspectPM is the Price Manager solution which provides consolidation and support for the global oil price forecasting process and forward curve management.

Media Contact
Brigette Gebhard
Aspect Enterprise Solutions
+1 347-328-0396
bgebhard@aspectenterprise.com

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