MasOil Deploys AspectETRM Solution To Manage Risk And Support Growth
August 7, 2009
Dynamic Malaysian trading house MasOil has deployed software as a service (SaaS) trade and risk management by Aspect Enterprise Solutions Enterprise Solutions.
The move to AspectETRM – which gives 25 MasOil staff access to real-time on-screen data capture and analysis on desktops as well as PDAs and other mobile devices – has ended time-wasting manual recording and is enabling week-on-week growth in informed, more profitable transactions. It has also been the catalyst for cost savings through increased efficiencies and tighter integration between trading, back office and operations functions.
MasOil which started business since 2004 and has rapidly established a position as Malaysia’s leading boutique specialist in petroleum trading, to date some 3.3 million metric tons of various oil grades. “We looked at a number of alternatives but felt that Aspect’s SaaS approach was the best fit with our needs,” says Abdul Majid Mohd Yusoff, managing director of MasOil. “It’s proved highly affordable, very fast to implement and it’s enabling us to more accurately monitor our exposure and manage the business more effectively. Having talked to other Aspect Enterprise Solutions users, we’ve confidence in the solutions’ ability to support us with additional functions as we continue to grow.”
AspectETRM is a unified solution for traders, risk managers, operations staff and back-office personnel that supports a wide range of functions from trade capture, managing positions, viewing exposure and analyzing risks through to accounting. It is entirely Web-based so requires no additional hardware beyond existing desktop systems and mobile devices. It uses On-Line Analytical Processing (OLAP) technology to enable ‘slice and dice’ reporting for quick data analysis and can be integrated with the AspectDSC market data platform to stream pricing and analytical information.
Aspect Enterprise Solutions Enterprise Solutions is a leading global provider of real time, on demand Web-based applications for energy, metals and agriculture marketing and supply operations. Launched in 1999, AspectDSC solutions are now used by more than 500 top commodity companies worldwide. The company has a proven track record for delivering scalable solutions that produce measurable return on investment.