Luxembourg’s Einer Energy Deploys Aspect Enterprise Solutions Trade And Risk Management Solution
Luxembourg-based biodiesel asset management company Einer Energy has deployed AspectCTRM, an advanced trade and risk management solution, within just two weeks of signing with Software-as-a-Service (SaaS) vendor Aspect Enterprise Solutions.
AspectCTRM Standard Edition (SE) was live with Einer’s Geneva-based trading team in less than 14 days thanks to the solution’s SaaS architecture and Cloud-based delivery mechanism. But the speed of deployment came as no surprise to Einer’s Director Frederic Bottin.
“I’d used Aspect’s solutions before in another company and had been impressed then with how quickly they were able to get us up and running,” said Bottin. “At Einer Energy we wanted a system that allowed us to get moving straight away and that previous experience played a big part in choosing to go with Aspect again. I’ve got to say they performed as well, if not better, this time around too.”
Speed of deployment is a key feature of AspectCTRM. In contrast, legacy systems typically take a year or more to implement. Even in a large scale fully end-to-end implementation, key elements of AspectCTRM, such as deal capture and risk analysis, can be in place, working and delivering value within a matter of days, with successive additional elements going live as the progress of integration projects allows.
Other factors high on Einer’s list of priorities were AspectCTRM’s ability to support both physical and paper-based trades, its ease of scaling upwards to match business growth and a migration path toward the addition of physical operations management.
Signing the deal on behalf of Aspect was the company’s EMEA sales director Yags Savania. “Einer Energy is yet one more example of a new customer choosing AspectCTRM on the back of its highly visible track record at other companies. The industry clearly likes our monthly subscription model, our low risk/zero up-front investment approach and the flexibility of our technology platform. No other system at this price point allows a company to be using industry strength CTRM technology so quickly.”
About Aspect Enterprise Solutions
Aspect Enterprise Solutions is a leading global provider of Web-based, multi-commodity trading, risk management and data analysis applications with almost 500 customers and thousands of users in 90 countries. The Aspect family is the only integrated, all-in-one platform delivered as Software-as-a-Service (SaaS) in the Cloud, which enables rapid deployment, controlled costs and immediate ROI. Applications 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, seamlessly expanding in functionality according to the needs and budgets of clients. AspectDSC is the decision support center for traders offering oil, metals and agricultural market news, prices, futures and analytical tools on desktops and mobile devices including Apple® iPhone® and iPad®, and BlackBerry. AspectPM is the Price Manager solution which provides consolidation and support for the global oil price forecasting process and forward curve management.