S.E.T. Select Energy GmbH Deploys AspectCTRM For Front-To-Back-Office Automated Trading
August 11, 2010
S.E.T. Select Energy GmbH is to deploy automated commodities trading and risk management by Aspect Enterprise Solutions Enterprise Solutions (AES), aiming to accelerate growth in its already fast-moving international trading arm.
The software as a service (SaaS) based AspectCTRM will give S.E.T. a complete front-to-back office solution from automated deal capture right through to invoicing, as well as generating management and mark to market reports, and consolidating reference data for instant on-screen access.
S.E.T. product trader Nino Mendiburu says he and his colleagues have until now relied on a non-integrated infrastructure including spreadsheets and are expecting the AspectCTRM deployment to enable them to more effectively manage a growing volume of trades. “We’re confident we’ve chosen the right solution. AspectCTRM gets great reviews from other trading houses and we had particularly detailed feedback from another Hamburg based trading firm where AspectCTRM has recently been installed.
“They told us that because the AES solution is delivered on the SaaS model it had proved very cost-effective when compared with alternatives and had been very quick to deploy. Functionally, it is liked by traders because they quickly appreciate the support it gives them without the need for lengthy training.”
Privately owned and based in Hamburg, S.E.T. Select Energy GmbH has spent 26 years building oil and oil products trading, , shipping, storage, refining, processing and downstream operations, as well as developing natural gas and LPG supply businesses in Western Europe.
About Aspect Enterprise Solutions 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.
AES applications include AspectCTRM®, its flagship full-featured commodity trading and risk management enterprise suite for front, middle and back office. Aspect Enterprise Solutions TradeFlo deploys out-of-the box in just a few weeks. This CTRM “lite” edition is designed for small to mid-size trading, supply and end-user companies with smaller budgets and less complex requirements. As companies grow, and demands for more features expand – it easily scales to meet those requirements. AspectDSC is its decision support center for traders offering oil, metals and agricultural market news, prices, futures and analytical tools on desktops and mobile devices including iPhone®, iPad® and BlackBerry®.
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