International Commodities Firm Klesch Group Deploys AspectCTRM in Record Time
July 7, 2016
Eight weeks doesn’t sound like a lot in the grand scheme of large enterprise IT deployments. But that’s all it took for the international commodities firm Klesch Group to implement Aspect’s cloud E/CTRM solution across its oil, feedstocks and petrochemicals business. Furthermore, this was implemented by Klesch Group’s own IT people.
Following a rigorous and wide ranging evaluation of several potential products, Klesch decided to choose AspectCTRM. The decision was made due to the capabilities the solution provides Klesch with including the ability to handle physical and derivative trades, the ease of upgrading and adding new functionality, handling of multiple commodity types and sheer speed and responsiveness in operation. The capabilities that the solution offers allowed for implementation in record time.
Discussing the implementation, Paul Dorrell, project director at Klesch explained:
“In choosing a service provider, we ran a thorough and competitive selection process that included detailed demonstrations and proofs of concept. At the end of the process, Aspect’s solution provided the functionality we needed on the timescale we wanted. Throughout the selection work, the Aspect’s team demonstrated a great understanding of our business and the industry we operate in. We are pleased with the increased functionality provided by Aspect Enterprise Solutions’s product and how this has supported our business operations.”
“The flexibility of the software to adapt to our specific business requirements was a key driver to the success of this project.”
Aspect Enterprise Solutions is a leading global provider of multi-commodity trade, risk and operations management applications delivered Software-as-a-Service (SaaS) in the cloud. With almost 500 customers in 90 countries, it’s one of the fastest growing providers with rapid deployment, affordable subscriptions, and immediate ROI for all size companies. Solutions 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, expanding in functionality according to the needs and budgets of clients. Aspect Enterprise Solutions is the only ETRM/CTRM solutions provider with market data and analytics tools delivered with its trade and risk functions on the same platform. This provides users with a seamless packaged solution beginning with pre-trade pricing analysis and market assessments via AspectDSC. Aspect Enterprise Solutions’s solutions are available on desktop, tablets and mobile devices and through its new Aspect Enterprise Solutions Partner Program (APP).