Core Petroleum, a US-based crude oil trader-marketer, has moved to web-based trade capture by deploying AspectETRM – a software as a service (SaaS) energy and trade risk management system.
Core Petroleum, which was formed in early 2010, has a primary focus of crude oil origination and marketing. The management team of Core chose the system from Aspect Enterprise Solutions (AES).
Core Petroleum claims that the deployment of AspectETRM was ultra-fast and the start-up costs were low. The any-to-many scalability of AES’s SaaS systems and the speed with which they can be deployed contrasts with legacy systems that typically take a year or more to implement and which fail to effectively scale downwards to support smaller trading operations.
Even in a large scale fully end-to-end implementation, key elements of AspectETRM, 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.
AES provides market information, trade and decision support tools for energy, metals and commodities professionals.