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UPGRADE TO CLOUD EFFICIENCY

Top Considerations Of Migrating CTRM Platforms To The Cloud

Why Move to the Cloud?

Modern CTRM database management demands flexibility in scaling, fast data processing, and cost efficiency. Cloud-native solutions can provide these benefits with more power, more storage, and lower costs.  

Advantages of Migrating CTRM Software from On-Premise to the Cloud

Moving your existing CTRM software to the cloud brings several key advantages over remaining on-premise. 

On-Premise To Cloud Migration​

Faster
Deployments

Bug fixes and new functionalities are provided automatically by Value Creed’s experts.

Less IT Resources Demand

Your in-house teams no longer have to allocate resources to on-premise CTRM management.

Low Implementation Costs

Value Creed’s experienced consultants work effectively with every budget and platform for efficient implementations.

Savings on Licensing Fees

No third-party software, hardware, or upfront licensing fees are required to move your CTRM to the cloud.

Comprehensive Solutions for Enhanced Data Management and Reporting Efficiency ​

We’ve developed a comprehensive solution to address identified issues. Our system effortlessly imports real-time prices, rectifies missing or incorrect data, and issues real-time alerts for proactive problem-solving. Prioritizing data integrity, centralized management, transparency, and compliance; it significantly improves business performance and guarantees accurate valuations.

Custom Interface Tasks​

This solution revolves around customized jobs with diverse functions such as importing price files into RightAngle, promptly notifying the business team of pricing discrepancies (missing, duplicated, or incorrect prices), and rectifying prices in instances of discrepancies related to temperature correction factors.

Archiving process

The solution also features a robust archiving process to prevent file and data duplication, ensuring data integrity.

Staging Reports

Provides sophisticated reporting through staging and historical reports, acting as a centralized information repository. It facilitates clear audit trails, fostering enhanced data transparency and accountability.

What To Consider Before Migrating to the Cloud

If an existing application provides functional value, is inexpensive to run, and aligns with your company’s technology strategy, it may be worth retaining as is and not moving to the cloud.
Oftentimes, changing business needs result in underutilized and/or unnecessary applications. Consider getting rid of existing applications that aren’t being utilized at a high rate or no longer offer needed capabilities to avoid paying for unused capacity.

If an application can be replaced with a SaaS solution, it can lead to reduced runtime costs. Ultimately, you need to consider the customization, integration, and process options before making that call. 

Moving functionality to a cloud-native solution means switching to a pay-as-you-go plan. Simply shifting applications to the cloud as an IaaS (Infrastructure as a Service) when they’re not optimized for it can be cost prohibitive, running 24 hours a day at peak load. Assess whether the application be consumed on a subscription basis or outsourced to reduce load on your cloud infrastructure.

If system performance may be hampered by on-premise infrastructure, determine if an application can be moved to the cloud. Calculate the impact on capital expenditures (CAPEX) and operating expenses (OPEX), as well as long-term and day-to-day costs. Consider whether you’ll be adding new products, geographies, trade types or requiring new reports. Fortunately, cloud infrastructure has little to no upfront capital expenditure. A cloud native solution also allows for elasticity, automatically adjusting to load increases or reduced usage, creating a huge cost management advantage

If you can upgrade an application or replace key back-end components to enhance existing infrastructure by employing DevOps, it can result in cost benefits in terms of system runtime and maintenance overhead. Incorporating an infrastructure as code mindset into a cloud environment greatly increases storage and computing capabilities.

Advantages of SQL Database Conversion and Cloud Migration

SQL delivers cloud-based processing power at a third of Oracle’s database hosting cost for the same hosting capacity. Switching to SQL as part of your digital transformation creates value in several ways, including: 

Faster, flexible, and less complex deployment

Scalability based on workflow & user demand

Vendor maintenance & user security

Reliability with lower implementation & costs

Leave Cloud Hosting and Monitoring to the Pros

Moving your CTRM platform to the cloud requires CTRM/ETRM specific expertise. Once in the cloud or hybrid cloud – managing the platform long-term can be a burden.

With our Cloud managed services, CTRM platforms perform at a 99% uptime, delivering reliability for your team and lower overall cost of ownership over the long-term. (Cloud managed service). See how Managed Services works with our comprehensive cloud offerings in the detailed video.
Play Video
Case Study

60% Reduction in long-term infrastructure costs

When a pioneering gas and electric utility company began to upgrade their CTRM, they quickly faced several challenges: outdated systems, slow performance, and extensive complex customizations. With Value Creed’s support, the company was able to achieve a 60% reduction in long-term infrastructure costs, along with 2 hour settlement run times reduced to 20 minutes in  just 11 months.

Recommended Resources

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