ETRM (Energy Trading and Risk Management) and CTRM (Commodity Trading and Risk Management) software is indispensable for managing risks, ensuring regulatory compliance, and enhancing operational efficiency and accuracy. Our subject matter experts (SMEs) offer extensive front, middle, and back office experience and will assess, select, and implement the ideal software to meet your business’s needs.
Client
IPP
Challenge
IPP’s infrastructure was complex and burdened with manual processes, poor communication, and inadequate reporting capabilities. A few of the issues included:
- Disparate systems with manual touchpoints
- Non-standard naming conventions leading to inconsistent reporting
- Legacy processes and controls misunderstood by the new organization
- Confusing middleware logic
Solution
Optimus worked with IPP to streamline key business processes and develop a robust, clean infrastructure. Key objectives included:
- Establishing a single source of truth for all reporting
- Standardizing data foundations
- Fully integrating ETRM to include settlement and accounting data
- Eliminating spreadsheets and enhancing controls (e.g., implemented MarketView for curve data)
- Enhancing functional controls, particularly for trade data (improved trade verification tools and tracking)
Optimus worked with IPP to streamline key business processes and develop a robust, clean infrastructure. Key objectives included:
- Establishing a single source of truth for all reporting
- Standardizing data foundations
- Fully integrating ETRM to include settlement and accounting data
- Eliminating spreadsheets and enhancing controls (e.g., implemented MarketView for curve data)
- Enhancing functional controls, particularly for trade data (improved trade verification tools and tracking)
Result
IPP now benefits from improved end-to-end communication and reporting capabilities. All functional areas have clear insight into data and reporting, and the new infrastructure offers a much-improved control environment that is easier to support for both business and technology teams.
