Reasons for Upgrading Your Endur Platform

Companies typically evaluate upgrading their ETRM software platforms when the quality or value of the product needs the adoption of new processes or technology; which requires them to adapt to markets, products, economic conditions, and business opportunities, or to comply with policies keeping them up to date on the latest software. 

Endur upgrades are essential when the company needs improved quality results around business changes, function, and technical requirements. The decision to upgrade Endur platform is influenced by various technical and business benefits.

Technical Benefits:

Business Benefits:

JVS advanced scripting language enables integration of downstream and upstream applications of any system

Previous versions are working on the servers whereas the upgraded versions of Endur operate on cloud

APM is the upgraded feature of Endur that analyses the risk exposure of position in the market

Purging of data for crucial events helps to easily maintain the DB

Supports multiple commodities Nomination and invoice generation, support for PPAs, and managing transportation and storage considerations

Provides Real-Time and Standard Reports, Configurable central workflow engine, Graphical UI

Features like Transaction security, Audit trails, Activity logs, User authentication, and Multi-step approval process help reduce the risk of data loss. The transition of the script engine to grid cluster/engine operations reinforces better performance stability

Improved Dynamic portfolios and cross-asset coverage help to evaluate prospective business opportunities

The scheduling interface for nomination creation and transport spread valuation is configured with segmented transportation

Endur Upgrade Strategies

Your upgrade strategy needs to be planned for the deployment of new Endur releases in accordance with the pre-defined goals. Whether it’s resolving a defined protocol or working on a broader variety of fixes or implementing a new release altogether, Value Creed offers solutions across all stages.

The Upgrade Process

The CUE Method – “Clean Up & Explore” 

The CUE method requires stale data Cleanup before the upgrade followed by Exploration of new features post the upgrade.

Clean Up helps to enhance the data quality, avoid blob failure, gather business requirements, and understand the processes. Exploration helps you to add functionality before & after the upgrade along with the use of JVS.

Parallel to the upgrade phases, we focus on Robust Program Management, Training Approach, and Infrastructure Assessment. 

 

This phase aims to establish governance, set objectives, and conduct various impact analyses to develop state infrastructure designs, confirm to-be processes and identify class events to be retired versus remediated

 

    • Stakeholder Assessment - Confirming user groups​ and Initiating impact & risk assessment
    • Communication Strategy - Defining baseline communication plan by stakeholders
    • Impact Assessment​ - Defining baseline processes and roles by process​, estimating the amount of change, and determining roles
    • Stakeholder Engagement​ - Involving key stakeholders in design sessions to confirm opportunities for improvement

 

This phase encompasses initiating the technical upgrade process and observing its efficiency. It runs end-to-end tests of complex transactions and remediates all issues. Additionally, it includes the creation of detailed Training documents and providing ongoing hands-on training on new functionalities

 

    • Migration - Configuration of modules, pipeline model, settlement, and Net valuation. Environment set-up and database upgrade​ followed by extension remediation
    • Validation - Validating business processes, interfaces, class events, reports, & integration and performing remediation
    • User Review Sessions​ - Engaging users in agile cycles including issues and potential solutions
    • Stakeholder Tracking ​- Review stakeholder engagement based on quantitative metrics and qualitative assessment
    • Delivery Communications - Formal communications to executives and users to engage and update
    • Training Plan & Documentation​ – Modeling, structuring, and tailoring training materials according to individual training needs. Testing training documents against business processes​ by users

 

This phase ensures that the upgraded system can run in parallel and produce similar numbers at the same time as the Production system and mimic all activities of the trade life cycle in the new system as a full test of upgraded system functionality​. During the go-live our Hyper Care team will take the lead for system support to ensure seamless adoption

 

    • Refresh & Reinforcement Training​ – Delivery of additional training as needed
    • Support Communications – 24/7 support hotline​ along with daily issues and remediation report
    • Stakeholder Assessment​ – Qualitative assessment of stakeholder change adoption ​with a remediation plan for stakeholders
    • User Acceptance Testing​ – Tracking of engagement within UAT​ and Communicating results
    • Training​ – Superuser desk guide and small group sessions​ in addition to Custom-made sessions during parallel period

Ready to Explore Upgrading Your CTRM?

Leverage a partner with best-in-class functional and technical expertise to manage and deploy your upgrade on time and on budget.

Key Enhancements to Liquids Module UI in Allegro Horizon

This blog summarizes the enhancements made to the user interface of Allegro Horizon’s crude, NGL’s and refined products functionality and help users understand the various benefits of moving to the .NET core version, where in the logistics data gets valued in Valuation and Net Valuation that enhances performance significantly ensuring more consistent results.

The Logistics UI has been powered by various subsets of UIs to get information 

Since the UI has been equipped with various parameters, users have easy access to the information like:

Benefits that a Allegro Horizon Upgrade can deliver

Improved locational hierarchy enabling users to track Locations, Sub-Locations, and Tanks in a hierarchical manner. Users can also set up to mirror the physical and logical organization of customer assets, delivery locations, and receipt locations.

More efficient and user-friendly scheduling around pipelines and in handling high-volume truck operations.

Realtime Position and P&L Reporting with automated line/transit loss and gain recognition helping users avoid manual errors.

Manage multiple inventory types within a tank with the ability to assign tank types like Lease, Storage, and Blending.

Better Exposure Reporting with an improved ability for users to execute aggregate hedging across high-volume liquid operations with complex pricing.

Enhanced net valuations for individual tanks without having the tank set up as its own location allowing a better understanding of inventory costs and value across time periods.

Separation of Tank/pile capacity, volume, and inventory tracking specifying tank capacity, liquid volume, and what portion of liquid volume has to be tracked and valued as inventory enabling users to deal with market disruptions.

Optimize your Supply Chain through Value Creed’s Expertise

The complexity and volatility of the crude and refined markets require traders and marketers to have real-time information supporting their unique trading requirements. Value Creed’s expertise in CTRM implementations and upgrades can help you leverage the new and updated functionalities allowing the maximum benefit for trading and risk management functions.

How a Gasoline Service Station Chain Implemented its New CTRM Platform on Cloud Through Value Creed's Advisory Services

Ready to Explore Upgrading Your CTRM?

Leverage a partner with best-in-class functional and technical expertise to manage and deploy your upgrade on time and on budget.

Moving Your CTRM Database from On-Prem Oracle to Cloud-based SQL Server

Run Smart CTRM/ETRM platform managed services enable application managers to be more proactive in resolving reporting and processing errors in advance of your daily start. In this post, we examine the dominance of Oracle, while unlocking Microsoft SQL Server’s comparable functionality, cost savings, and scalability achieved by moving your on-premise solution to the cloud.  

The truth is – for much of the last decade – Microsoft’s SQL Server was viewed as less expensive and less sophisticated than Oracle. Since then, however, MS SQL Server has closed the gaps in features and power, while maintaining its cost leadership position and delivering distinct advantages in terms of ease of use and uptime. 

Reasons to Move Your CTRM Platform Database to SQL on Azure

Cost

Value Creed has helped many clients make this conversion and has found significant initial and ongoing cost savings. Microsoft’s unit license cost is about 15 percent of Oracle’s. In addition, real-time-bidding costs with SQL average $10,000 less per year. In total, a typical on-premise CTRM system that costs $75,000 the first year running on Oracle would cost only about $15,000 on Microsoft SQL on the Azure cloud.

Compatibility

The ubiquitous Microsoft workflow – the de facto industry standard – also makes it easier for technicians to troubleshoot, diagnose, and debug communications problems between the application and the database. Basing SQL Server in Azure brings Microsoft’s technical expertise to bear, making it easier to find support. As a third-party, Java-driven product, Oracle’s diagnostic and repair process can be less straightforward.

Compatibility

The most widely-used CTRM platforms were developed using Microsoft technology, so you can be sure it will not only work with Windows, it has been optimized to perform at its best using the Microsoft interface.

User Experience

Because Oracle originally developed more features and capabilities it necessarily required additional complexity. That makes it more difficult for many people to use. On the other hand, most users are familiar with Microsoft interfaces, making SQL Server more intuitive.

Oracle to SQL Database Conversion with Value Creed 

Value Creed’s Run Smart™ CTRM managed services deliver optimal performance based on your objectives, data environment, and the number of users. Backed by Value Creed’s expertise, Run Smart™ streamlines SQL database conversions and helps commodities traders reap the cost-savings and efficiencies inherent in a cloud-platform database.

Our database conversions and data migration from Oracle on-premise to SQL on Azure incorporates elegant back-end integrations with a total workflow plan that saves you money both during the SQL conversion and throughout the life of the project. We implement a multi-step process that coordinates efforts throughout your organization. 

Take Your CTRM Platform to the Cloud 

Value Creed’s dedicated professionals and proven Run Smart™ approach gives you the confidence that your switch to SQL Server will be completed professionally and that the system will operate flawlessly on the cloud. We start with a holistic diagnosis of your current database situation, including the conceptualization of how your organization’s needs should be met through the new system. 

From there, that analysis will inform how we convert schema, scripts, and applications so they integrate seamlessly with the cloud-based SQL Server. Once data is migrated, we perform iterative testing, tuning, and customization to guarantee your database and server are fully functional from day one.  

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Get the Most from Your Database Conversion
and Cloud Migration

#1 Overcoming Data Integration Breakdowns For Seamless Daily Starts

Every CTRM/ETRM platform is responsible for aggregating prices, tracking positions, and creating reports for decision-making.  But spending half a day or more searching over potentially failed processes like:

Value Creed helps you leverage the expertise of our team and the one-on-one personalized account management and troubleshooting led by leading CTRM platform experts with over ten years of experience. We’ll show you how you can resolve common run operate challenges before they happen.

#2 How To Proactively Overcome Reporting Integration Failure for CTRM Platforms

Value Creed’s Run Smart CTRM Managed Services runs in conjunction with your reporting system to ensure your pricing, credit, risk, and other reports are complete and accurate so have the most complete information for basing your positioning decisions in the format you need and commodity managers can use.

 

#3: Cloud & Database Monitoring & Maintenance

With our Cloud & Database Managed services the CTRM platforms perform at 99% uptime, delivering reliability for your team and lower overall cost of ownership over the long-term. 

Whether your CTRM is hosted on-prem or in the cloud, our Managed Services team ensures availability and fine tunes your environment to improve performance.

#4 What Do I Do about “Crazy Crude Prices:” Be Prepared for the Unexpected

The unprecedented demand-killing consequences of COVID-19 and abnormal behavior from market participants under stress show that markets for any commodity are subject to extreme and unexpected volatility.

Value Creed’s Run Smart™ Managed Services include dual timezone coverage, so there is always someone monitoring your data inputs.

No matter what time of day or night the crazy data rears its ugly head, a Value Creed CTRM/ETRM platform expert will immediately begin reconciling it and rectifying any errors it causes.

Value Creed has automated the process of searching for and isolating outliers as they occur. By isolating the cause of errors in real time, we empower data users to begin remediating them right away.

#5: Keeping Value At Risk (VaR) Reports On Track

Value at risk (VaR) is one of the most useful risk calculations, as it allows for a consistent analysis of positions and price movements for a given portfolio across time.

Value Creed’s integrated CRTM managed service platform, Run Smart™, is easily customizable to any business model. 

 

Run Smart™ interfaces with downstream reporting software and upstream transaction-reporting and data sources. Its reporting capabilities capture, collect, and present real-time market updates, physical stores and portfolio positions.

 Every night, Run Smart™ evaluates the calculated VaR for the portfolio or selected segment with the confidence interval, loss limit, and timeframe established by the user.

Want The Full Story?

This post is our series, 5 Reasons for Choosing Run Smart™ CTRM Managed Services.  Learn more about key reasons for moving to Value Creed’s Run Smart Managed services with these posts:

Value Creed's Run Smart Managed Services Start at $3,500 a month

Interested? Let’s Chat

Get the most out of your System

While performing Allegro Horizon Upgrade, energy companies look for an improvement in their existing business functions, system performance to enhance their business process – making it standardized and efficient.

With our more than a decade of experience in performing Allegro Upgrades and keeping our clients up to date with the ever changing technologies, moving to the .NET Core version of the technology can result in a significant performance improvement under the same hardware conditions around areas like processing of Position & Inventory Valuations, Settlements, and Credit.The latest package includes improved out-of-the-box business functions and offer immediate benefits to any existing Allegro user.

Value Creed have been a strong advocate and encourage our clients to use the latest version of the Allegro Horizon system packages to capitalize the maximum value from their trade and risk management business functions. With us providing technical support and guidance to our client’s internal teams, our clients can achieve maximum efficiency that is being offered by the Allegro Horizon Platform.

Benefits Of Upgrading to .NET Core

  • Middle office Managers can analyze same-day Position and P&L Reporting for Immediate Issue Identification, Pricing Visibility, and attributing P&L results to various buckets. Valuation Algorithms have been optimized for faster processing of Exchange-based Futures, Swaps, and Options resulting in significant performance improvements over previous versions.

    The real-time position valuations are more efficient in the recent version and is also easier to configure. Client’s may choose specific finalizers to enable or disable with Incremental Valuations, such as Valuation Summary, P&L Attribution and Open Inventory Calculations.
   
  • Accountants can achieve faster accounting close due to improved performance of batch jobs and a significant reduction in database contention by resolving any deadlock issues. Restructuring the financial-detail table further by splitting it into the transaction-detail table allows the system to do various data intensive operations like Sub-hourly Settlements while simultaneously improving the overall Settlement Process.
   
  • With the time series functionality available in the latest version, traders can add ad hoc volume-shaped trades and address the hourly pricing changes making it easier to create load shapes for short-term trades. In addition to the above benefit to traders, inbound trade interfaces can take advantage of this new functionality to capture the short-term shaped-deals in the system.
   
  • With the addition of modular Exchange connectivity extensions, the system provides additional flexibility to configure and model Exchange-based transactions in the system. As ICE introduces new symbols in the system, the enhanced functionality allows traders to default portfolio-specific fields like tradebook, and strategy more easily.
   
  • Risk, Credit, and Accountants can independently configure valuation modes for their respective functions thereby providing data separation and improved quality of data for their business function.
   
  • System Administrators can avoid potential performance issues from high CPU usage on the machines while performing jobs such as triggering messages, and creating documents and approvals by upgrading to the latest version of the software where the workflows are performed on the grid.
   
  • Accountants can easily configure and create Weekly Invoices within the system under the General Ledger parameters by properly valuing and settling transactions as per their business needs.
   
  • Power Energy Position report has been expanded to include both Physical Power and Financial Power transactions. The expanded reporting capability will allow the front office analysts to get consolidated real-time position reports thereby assisting in the trading decisions, and minimizing customizations.
   

Upgrading to Latest ETRM Version: Leveraging Value Creed’s Expertise

Interacting with External Interfaces

IFRS 9 treatment for Non-Own Use Commodity Contracts

Performance

Liquids

Ready to Explore Upgrading Your CTRM?

Leverage a partner with best-in-class functional and technical expertise to manage and deploy your upgrade on time and on budget.

Scale More Effectively with Business Process Outsourcing for Your CTRM Platform

Has the velocity and variety of commodities trades your company processes outpaced your ability to document and reconcile settlements? As your business scales, you need to devote more resources.  Even off-the-shelf tools for converting .pdf invoices, delivery reports, and other documents into tabular formats require manual steps that growing companies cannot spare the personnel to perform.  

Learn how Value Creed’s specialized settlement reconciliation services for industry-leading CTRM platforms can enable you to scale more efficiently.

Fast, Accurate Trade Matching and Documentation

Our Application and Industry Expertise Extends Your IT Capabilities

Many growth-stage companies find that Value Creed’s CTRM Settlement Reconciliation solution gives them the additional capacity they need during this hectic period.

4 Value of Business Process Outsourcing for Settlement Reconciliation

Affordability

Allocate resources for expansion, not administration

Expertise

Human understanding combined with robust data analysis

Automation

Eliminate manual overrides and workarounds

Integration

Collate, collect, and store data in formats your apps can use

“Our sophisticated parsing software automates much of the tedious data formatting and extraction required, and our experienced team members develop and apply functionality that conforms and integrate with your applications.”

Value Creed

Services Tailored to Your Goals

 

To make the most efficient use of your budget, Value Creed consults with supervisors and end-users to determine your most pressing settlement and reconciliation needs using this process. This ensures BPO opportunities are identified and aligned with your business goals.  

Check Out Our Other Business Process Outsourcing Resources

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