Energy Trading and Risk Management software aids in risk management and the operation of complex integrated supply chains for crude oil, distillates, petrochemicals, and bunkers.
FREMONT, CA: ETRM is an acronym that stands for Energy Trading and Risk Management. An ETRM system is a software application that oil traders, suppliers, distributors, and wholesalers typically use to automate business processes associated with the supply and trading of crude oil, refined products, alternative fuels, renewable products, and financial derivatives, as well as the movement and delivery of those energy commodities and associated risk management activities.
What is the Purpose of ETRM Software?
Many oil traders, suppliers, distributors, and wholesalers continue to run their commodity/oil trading businesses with manual processes, Excel spreadsheets, or out-of-date legacy systems. These antiquated processes can be automated using Energy Trading and Risk Management software. This saves money and increases operational efficiency by streamlining trading, hedging, cash flow, operations, and inventory. In addition, it easily manages all front, middle, and back-office needs while handling complex interfaces, making it a cost-effective option for oil trading companies.
What are the advantages of using ETRM software?
• Companies that use ETRM software can better manage the market, counterparty, and operational risks.
• Reduce operational complexity and have a direct impact on profitability.
• Get a unified view of the business. This makes decision-making easier.
• Profitability can be increased through trade economics, exact pricing formulas, and MTM.
• Streamlining operations to drive greater efficiencies throughout your business workflow will save you time so you can focus on your business.
• Real-time trade reconciliation
• Have a solution that covers everything from trading to billing.
• Automation drastically reduces errors caused by manual or double entry.
ETRM software is available on-premises or in the cloud. Therefore, the most cost-effective option is cloud-based ETRM software. Furthermore, these solutions are delivered through subscription-based models. Cloud-based ETRM software is also easily scalable, can be accessed from anywhere with an internet connection, is quick to implement, and always runs on the most recent software.
