Empowering Energy Traders with Advance Solutions

Timely pricing data empowers traders with informed decision-making. The seamless integration of pricing interfaces is pivotal for accurate business operations and provides crucial insights for effective risk management, given the direct impact of prices on energy trading profitability. Our solution not only automates price imports into RightAngle from diverse sources but also introduces advanced accelerators to boost the efficiency of existing interfaces. Furthermore, it offers invaluable support to clients in the Northern region, where extreme cold conditions require meticulous consideration of temperature correction factors in trading dynamics.

The Imperative for Automation in Risk Management and Financial Operations

Currently, users engage in a manual and error-prone process for price corrections, manually verifying prices against alternative sources and leading to inaccuracies in trade confirmations and settlements. This approach lacks automation, particularly for critical factors like temperature corrections, requiring additional manual intervention and diminishing pricing accuracy.

The absence of prices distorts risk assessments, compromising effective portfolio valuations and exposing assets to unforeseen risks. Manual reconciliation processes are both time-consuming and error-prone, resulting in increased operational costs. Additionally, oversights in temperature correction and resource-intensive maintenance contribute to inefficiencies, placing the business at a competitive disadvantage in a technology-driven market. Swift adoption of advanced solutions is imperative for streamlining risk management and financial processes.

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.

Benefits of the Proposed Solution

Step into the future of energy trading with our advanced solution. Real-time alerts, proactive issue resolution, and enhanced portfolio management streamline risk management. Our system ensures data integrity, efficiency, and regulatory compliance, empowering decision-makers for strategic success in a dynamic market.

The customized task promptly informs the business team of pricing problems like missing, duplicated, or incorrect price files, ensuring quick attention and action to minimize the impact on trading and risk management activities.

Timely notifications empower proactive risk management, allowing risk analysts to swiftly take corrective actions, such as delaying the end-of-day (EOD) process. This proactive approach prevents potential financial losses and mitigates risks before they escalate.

Alerts facilitate efficient portfolio management, enabling risk analysts to make timely adjustments to allocation and rebalancing strategies. This optimization enhances the overall performance of the portfolio.

Our solution’s archiving process crucially prevents data duplicity by systematically ensuring the uniqueness of each archived file, reducing the likelihood of errors and discrepancies in the system.

Staging and historical reports establish a centralized repository for pricing data, streamlining data management processes, and acting as a comprehensive reference for audits, reporting, and future decision-making.

The utilization of a staging table creates a transparent audit trail for all pricing data, enhancing organizational accountability. Users can trace the history of pricing data, simplifying the identification and correction of discrepancies.

 

Efficient alerts reduce manual efforts and resource allocation. Streamlining the resolution process enables risk analysts to allocate their time and resources efficiently, directing their focus toward strategic risk management activities.

Our solution ensures pricing data integrity, empowering decision-makers with reliable information for better-informed strategies and overall improved decision-making.

Addressing temperature corrections is crucial in mitigating risks associated with extreme cold. Traders assess impacts on commodity quality, quantity, and transportation, making informed decisions to counter weather-induced variations.

 

Our solution’s documentation and audit trails ensure regulatory compliance in the energy trading sector, meeting reporting requirements and averting penalties.

 

Precise Pricing and Strategic Solutions with Value Creed

Our expert team provides a suite of essential services for this solution. This includes in-depth business analysis, solution design detailing customized operations, development aligned with client specs, comprehensive testing, and deployment within RightAngle with ongoing support.

Our proposed solution revolutionizes pricing data management, ensuring precise risk assessments, accurate portfolio valuations, and minimized financial risks. By optimizing hedging strategies and mitigating operational and financial risks, it fosters efficiency, cost savings, and a competitive edge in dynamic markets.

Connect with us today to know more about our tailored solutions!

Ready to Get Started?

Let Us Know

Elevating Efficiency with Tailored Solutions with ICE eConfirm Process

ICE Tade Vault eConfirm is a tailored solution designed specifically for commodity trading firms aiming to streamline their trade confirmation processes through electronic means. Our Custom Solution enables a seamless eConfirm process with the ICE Trade Vault and answers our client’s reconciliation and reporting requirements by seamlessly integrating RightAngle with ICE Trade Vault. This integration solution is facilitated by a customized RightAngle Editable Report and Interface, utilizing the eConfirm API provided by ICE to connect with the ICE Trade vault. Through this comprehensive approach, we effectively manage and control the trade confirmation process within RightAngle, significantly minimizing the need for manual intervention in matching trade confirmations.

ICE Tade Vault eConfirm is a tailored solution designed specifically for commodity trading firms aiming to streamline their trade confirmation processes through electronic means. Our Custom Solution enables a seamless eConfirm process with the ICE Trade Vault and answers our client’s reconciliation and reporting requirements by seamlessly integrating RightAngle with ICE Trade Vault. This integration solution is facilitated by a customized RightAngle Editable Report and Interface, utilizing the eConfirm API provided by ICE to connect with the ICE Trade vault. Through this comprehensive approach, we effectively manage and control the trade confirmation process within RightAngle, significantly minimizing the need for manual intervention in matching trade confirmations.

Navigating Complexity in RightAngle ICE eConfirm Process

The automated integration of RightAngle with ICE Trade Vault for the eConfirm process presents significant challenges, demanding a customized solution for trade submission. This involves the intricate mapping of RightAngle trade information to the format accepted by ICE Trade Vault, specifying the request type and XML mappings for the eConfirm API, and subsequently transmitting data to the eConfirm API and receiving the acknowledgment. This intricate process results in higher implementation and support costs, with the requirement of SMEs.

The manual process of uploading the trades on the website necessitates additional manpower for trade validation, leading to considerable time wastage and resource depletion. Moreover, the manual nature of this operation contributes to increased operational delays, as the time-consuming process carries a heightened risk of manual errors, causing a regression impact that poses challenges and disruptions in the workflow.

Strategic Expertise with Seamless Integration and Custom Solutions

With extensive experience serving diverse clients and possessing specialized proficiency in eConfirm and RightAngle, we bring a wealth of expertise for custom solutions aligning with unique business requirements. Our proficiency lies in the seamless transformation of deals into standard XML formats, ensuring rapid, precise, and legally binding alternatives to manual, paper confirmations for eConfirm.

Additionally, the report provides insight into trade statuses such as Pending/Alleged, Unmatched/Matched, and Cancelled, along with counterparty comments and any associated errors. This holistic approach streamlines the confirmation process, enhancing accuracy and efficiency while accommodating customization for evolving business demands.

Unlocking the Power of RightAngle's Custom Report Accelerator

Our proposed solution involves a custom RightAngle report showcasing available trades/deals to be sent for eConfirm transmission. This report empowers businesses to validate trades before sending, initiating a back-end interface via a click of a button to confirm RightAngle data mappings against eConfirm-readable fields. In the event of errors, they are promptly displayed on the report, enabling users to rectify and revalidate.

Once validated, users can process the records, triggering a back-end interface to convert trade/deal data into eConfirm-compatible XML format. The interface then calls the eConfirm API to authenticate the session and load the data into the ICE Trade Vault for trade/deal validation with counterparties. Successful processing is reflected in the same report, providing a comprehensive view of the validation outcomes.

Our proposed solution involves a custom RightAngle report showcasing available trades/deals to be sent for eConfirm transmission. This report empowers businesses to validate trades before sending, initiating a back-end interface via a click of a button to confirm RightAngle data mappings against eConfirm-readable fields. In the event of errors, they are promptly displayed on the report, enabling users to rectify and revalidate.

Once validated, users can process the records, triggering a back-end interface to convert trade/deal data into eConfirm-compatible XML format. The interface then calls the eConfirm API to authenticate the session and load the data into the ICE Trade Vault for trade/deal validation with counterparties. Successful processing is reflected in the same report, providing a comprehensive view of the validation outcomes.

The main accelerator in this process is the pre-existing editable report in RightAngle, equipped with logic for transforming deals into standard XML format. It seamlessly interfaces with the ICE XML eConfirm API to process deals into ICE Trade Vault, fetching and displaying trade/deal statuses within the report.

The report further acts as a validation tool, ensuring deals meet required submission fields and conditional data criteria, reducing reliance on manual checks. These accelerators can be re-implemented and customized to adapt data mappings to specific business needs.

Transformative Advantages of Our Dynamic Solution

Our solution offers a rapid, precise, legally binding digital alternative to manual, paper-based confirmations. Once implemented, it significantly enhances efficiency by minimizing the manual effort required for trade validation.

Seamless Integration

Leveraging our accelerators ensures a seamless and expedited implementation or upgrade journey, optimizing time and resources.

Streamlined Data Submission

Our tailored solution effortlessly converts deals into a standardized XML format, facilitating easy submission to eConfirm. It meticulously validates all necessary data fields and establishes cross-references to align with product standards.

Agility in Response to Market Dynamics

The flexibility of our custom accelerators empowers clients to swiftly respond to evolving market conditions, changing customer preferences, and dynamic industry regulations. This also ensures business resilience and long-term sustainability.

Empower Business Efficiency with Value Creed

With a focus on agility and customization, our solution offers a sustainable and precise approach to electronic trade confirmations, ensuring a seamless journey for our clients. By addressing the challenges associated with the manual submission of trades to eConfirm, our custom RightAngle ICE Trade Vault Integration offers a tailored and efficient alternative. Our solution not only streamlines data submission but also enhances adaptability to market dynamics, fostering business resilience. Connect with us today to discover a range of tailored solutions that cater to all your business needs!

Ready to Get Started?

Let Us Know

LCFS Compliance Management with a Customized Module

The Low Carbon Fuel Standards (LCFS) is a program that aims to reduce greenhouse gas emissions in the transportation sector. It establishes annual targets for the carbon intensity of transportation fuels throughout their lifecycle and grants credits to entities engaged in the production or utilization of low-emission fuels that meet these benchmarks.

Unable to track the credit/ deficit transactions? Our customized solution within RightAngle offers tailored features with a dedicated custom module. This module effectively oversees LCFS compliance for various businesses involved in diverse transportation fuels, facilitating the tracking of records and transactions associated with the LCFS program.

Exploring Challenges in LCFS Transactions

Businesses often find themselves immersed in extensive manual work, particularly in tracking credit/deficit transactions. Here are the highlights of the challenges associated with manual tracking, compliance issues, reliance on spreadsheets, and the complexities arising during regulatory audits.

The current process with Compliance module and information related to LCFS standards

Consolidating LCFS Program Configuration with Custom Tools and Configurations in RightAngle

Ensure effortless compliance with LCFS and environmental regulations, avoiding penalties with our solution that involves consolidating the entire LCFS program configuration within a specially crafted Compliance module, complemented by customized tools and configurations for trade life cycle management within the RightAngle tool.

Our team of experts have designed various configurations to ensure the precision and transparency of data through integrated systems, fostering reliable operations. Our solution is designed to enhance operational efficiency by implementing rigorous testing procedures for precise compliance calculations, streamlined transaction tracking, and efficient credit generation. Below, we highlight key configurations successfully implemented for one of our clients.

Custom Tools for LCFS Configuration

The Compliance module includes specialized tools for managing Low Carbon Fuel Standards (LCFS) compliance, streamlining setup, tracking, and maintenance of these environmental regulations for our customers.

LCFS Standards Setup

Our custom module empowers organizations to effectively manage compliance rules, specifying crucial details such as locations, counterparties, and transaction types which are crucial for meeting LCFS standards and assessing environmental impact by evaluating the benchmark Carbon Intensity (CI).

Transaction Management

Users can access reports for tracking credit and carbon intensity levels per transaction, essential for LCFS compliance and accurate data recording.

LCFS Integration in Right Angle

Within RightAngle, LCFS is seamlessly integrated throughout the trade life cycle process, spanning from deal creation to scheduling. Users can configure LCFS details during deal creation and specify them during fuel movement, guaranteeing compliance with LCFS standards within the RightAngle platform.

Streamlining Operations with Value Creed’s Comprehensive Solution

Embarking on the journey of environmental compliance involves navigating a complex landscape of rules and regulations, demanding efficient strategies for data management, transaction tracking, and overall operational effectiveness. Our comprehensive solution within RightAngle addresses these challenges, providing a robust framework to streamline compliance with LCFS and environmental regulations. The following key features highlight the efficacy of our solution:

This entails the ability to proficiently monitor and oversee data related to pathway IDs, encompassing information about product origin, manufacturing, and environmental impact.

This pertains to the effective monitoring and recording of transactions in alignment with compliance obligations, which may involve adhering to environmental rules or regulations.

While compliance with environmental rules can be costly, the LCFS offers a unique advantage. Companies not only meet these rules but can also earn credits for surpassing expectations. These credits serve as a reward, enabling companies to save money or invest in cleaner energy alternatives.

Navigating environmental regulations can be intricate, but our solution simplifies the process. This allows companies to reduce the complexity of meeting these rules, providing significant support in their day-to-day operations.

When dealing with environmental rules, having the right information is important. The system helps companies track and use the right data, which is helpful in making good decisions.

End-to-End Support: Tailoring, Integrating, and Sustaining Compliance with Value Creed's LCFS Solution

Value Creed provides a comprehensive suite of services for clients implementing our solution, covering implementation, customization, and development to tailor the solution to specific needs. The compliance module is meticulously customized to align with business processes and configured for specific LCFS programs in different regions. Ensuring seamless data flow between the module and existing systems, we facilitate accurate import and export of compliance rules, pathways, and transaction details. Rigorous testing by our team resolves issues, guaranteeing precise calculations for compliance, transaction tracking, and credit generation. Through training programs and comprehensive user documentation, we empower your team with the knowledge to effectively utilize the LCFS module. Ongoing support, covering additional customizations, data integration, testing, and training, ensures seamless implementation, promoting compliance and environmental responsibility.

Choose Value Creed for enhanced reliability, cost efficiency, and data security, with customized solutions and strategic integration, ensuring business continuity and flexibility in the face of evolving circumstances.

Ready to Get Started?

Let Us Know

Elevating Trading Operations Excellence Through Strategic Business Process Design

In today’s rapidly evolving commodity landscape, the quest for trading strategy, precision, and having the right tools at your disposal for efficiency is paramount.  

Whether your organization is in its infancy, grappling with growth challenges or aiming to diversify into new industry sectors, the strategic design and foundation of your business processes are essential. In this blog, we delve into why business process design is your secret weapon in the world of commodity trading and how it can transform your operations. We will also pinpoint when it’s time for a redesign.

Significance of Business Process Design

Business Process Design is the foundation of success in Commodity Trading and Risk Operations. Its importance can be broken down into key principles that strengthen a company’s competitive position in this complex field.

Efficiency

Efficiency reigns supreme in the world of commodity trading and risk operations. The meticulous coordination of processes can mean the difference between profit and loss. With well-designed operations, you'll be able to execute trades with the strategic precision, reducing operational errors, and optimizing every crucial opportunity to enhance profitability.

Risk Management

Risk management is at the core of commodity trading, beating like a steady heart. In this dynamic world of price swings, supply chain hiccups, and global complexities, a robust strategy is essential. A well-crafted business process design blends together thorough risk evaluation, effective risk reduction, and vigilant monitoring, serving as your protective shield to spot and skillfully navigate potential dangers.

Compliance

Compliance forms the bedrock of ethical and legal stability in commodity trading. Diverse regulatory requirements, varying by region and commodity type, demand meticulous adherence. Business process design serves as a compliance compass, guiding your operations through the labyrinth of regulations and ensuring your business avoids the pitfalls of non-compliance, financial penalties, and legal entanglements.

In summary, a well-designed business process seamlessly integrates with existing systems,  and workflows, while also defining how these processes interact with each other. Meticulously crafted processes foster better coordination and synergy across the organization, leading to improved overall efficiency and productivity. Additionally, it enhances visibility, providing near real-time access to information facilitating swift decision-making, and identifying any performance or compliance gaps. 

When to Consider Business Process Redesign

Commodity trading organizations progress through distinct phases in their lifecycle.  We have used CBOLTM as a guiding framework to gauge whether a company is in its early formation and maturity stages or experiencing significant growth, either through organic expansion into new markets or via inorganic means such as acquisitions. In both scenarios, it is imperative for companies to assess and potentially adapt their business processes, albeit for different reasons. 

When a company finds itself in the formation and maturity stages, it often grapples with resource limitations. Consequently, its processes must factor in the expertise gap and the technological challenges inherent in managing complex ETRM systems.

Conversely, in the case of substantial growth, a comprehensive review of business processes becomes essential. This review should aim to establish consistency and scalability across various business segments while accommodating variances that may arise due to differences in commodities traded or the regions in which the company operates.

Navigating the transitions between these stages demands addressing distinct sets of responsibilities, risk variables, and pivotal decisions. Effective management, especially during a period of sustained expansion, is not only crucial but also entails the additional challenge of resource optimization. This is especially pertinent in the current landscape marked by constraints on both capital and human resources.

Strategic Approach to Business Process Design in Commodity Trading: Building for the Future

In the realm of commodity trading risk management, the process of designing business procedures extends beyond merely assessing the current state; it necessitates a keen understanding of the future vision. Your business processes must exhibit the resilience required to seamlessly execute that envisioned future.

Consider, for instance, the case of incorporating a robust risk governance framework into your trading operations as a future imperative. It becomes paramount to integrate these considerations into your current process design efforts. In our approach, we accomplish this by aligning with industry best practices and engaging in in-depth dialogues with pertinent stakeholders. Through this collaborative effort, we pinpoint process gaps and strategically prioritize those aligning with the company’s future vision thereby ensuring long term efficiency, scalability and flexibility in trading operations.

Below is a high level view of our approach to business process design:

01
Assessment

Review and analysis of current state functions

02
Prioritization

Target the processes most amenable to optimization

03
Planning

Interview stakeholders to define process goals

04
Comparison

Confirm current practices to industry best practices

05
Execution

Carry out client approved workflow optimization

06
Future Proof

Plan future-state scalability and functionality

Unlocking Success with Meticulous Business Processes: Building a Strong Foundation

By prioritizing well-crafted processes, commodity trading companies are empowered to secure their competitive edge, enhance scalability, and navigate the ever-evolving landscape. Whether as an organization you are at the inception stage or experiencing rapid growth, it’s essential to recognize that your business processes form the very foundation upon which trading operational excellence is built.

Strategic business process design serves as the key for achieving success, driving efficiency, managing trading risks, and ensuring compliance. It serves as a compass guiding organizations through diverse phases of their lifecycle, adapting to resource constraints or growth challenges.

Strategic business process design serves as the key to success, driving efficiency, managing risks, and ensuring compliance. It is a compass guiding organizations through different phases of their lifecycle, adapting to resource limitations or growth challenges.

Want to Learn More About Our Advisory Services?

Let Us Know

Looking to Manage Inventory Costs for Liquid Commodities Effectively?

Conventional manual methods and third-party systems might not provide the needed real-time accuracy for inventory costs and valuation. Additionally, calculating costs for individual units of inventory, especially within a range of contracts, can be time-consuming. The introduction of RightAngle’s latest version, S21.1, featuring the Daily WACOG by Contract capability, addresses the need for accurate, real-time inventory valuation.

Unlike traditional methods that struggle to reflect daily commodity price fluctuations, the new feature in the latest version of RightAngle closely aligns inventory valuation with market dynamics, benefiting businesses with high daily sales volumes. Implementing inventory valuation methodology of WACOG in an integrated system like RightAngle streamlines inventory management and enhances risk and accounting practices. We recommend that our clients embrace RightAngle’s WACOG method, as it offers a comprehensive remedy for efficient inventory management. This solution capitalizes on industry-specific attributes, tailoring options, and alignment with regulations, all of which combine to enhance effectiveness, accuracy, financial gains, and competitiveness. 

Addressing Inventory Cost Challenges

Challenges in managing inventory costs accurately are widespread. Manual methods can lead to inefficiencies, errors, and compliance risks that affect decision-making. The absence of real-time inventory data visibility can hamper competitiveness, and the complexities of calculating costs for liquid products are a recognized concern.

Current complexities involve disjointed systems, manual calculations, lack of integration with workflows, and the inability to capture frequent price fluctuations inherent in liquid commodities, which ultimately leads to inaccurate cost estimates. Additionally, the continuous flow nature of liquid commodities makes precise inventory tracking difficult, as factors like shrinkage, blending, and measurement inaccuracies can lead to discrepancies in quantity and cost assessments. Managing inventory across various storage facilities, determining appropriate pricing points for cost allocation, and adhering to regulatory standards further contribute to the complexity of the process.

Commodity companies will employ specialized ETRM software and other peripheral systems to address some of these challenges however even then other issues like maintaining data integrity, resource-intensive inventory data updates, error-prone reconciliation processes, and the manual marking of transactions are prevalent in accurately tracking inventory costs and value. 

Benefit from Real-Time Insights, Customization, and Precise Reporting

Selecting RightAngle for implementing WACOG inventory valuation for liquids commodities offers several advantages over other ETRM solution alternatives. The integration of WACOG modeling into RightAngle is customized to suit the business’s needs, utilizing the platform’s robust reporting capabilities. This encompasses features like contract-based cost tracking, flexible pool-based cost calculations, and daily WACOG reports for precise cost insights.

To maximize the utility of RightAngle’s inventory valuation capabilities, we recommend crafting bespoke reports within the platform that consolidate diverse inventory data points. By doing so, businesses can streamline their inventory management processes effectively. A notable case involves our creation of tailored reports for a client within RightAngle, where we amalgamated data from various sources. For instance, this approach integrated information from multiple reports, yielding insights into tank-level inventory through the Physical Inventory Interface. This encompassed valuable details, including estimates of daily end-of-day inventory. Furthermore, our solution seamlessly incorporates the Terminal Data Staging Interface, which validates terminal data to facilitate reconciliation. Moreover, the Search Terminal Inventory Recon Interface was utilized to meticulously compare terminal net quantity against transaction records, ensuring the continual updating of reconciliation statuses to promote a well-balanced inventory control system.

Additionally, RightAngle solution provides risk assessment via daily WACOG risk mark-to-market reports. Notably, the “Use Zero Values to Market for WACOG” function refines inventory valuation accuracy. Additional advantages include prior period adjustments, efficient accounting, seamless system integration, tailored reporting, and real-time data access for adaptive decision-making. This tailored implementation ensures accurate cost management, risk assessment, and reporting while catering to the client’s distinct operational requirements.

We advise clients to focus on unique business contexts and leverage RightAngle’s specialized capabilities in WACOG by contract, WACOG by pool, and Daily WACOG calculations. This tailored approach, aligned with industry best practices, sets our recommended implementation of RightAngle features apart from other available options and ensures that it precisely meets the client’s current situation and needs.

Strategic Edge: Enabling WACOG Implementation

The utilization of RightAngle for WACOG implementation for an organization brings a multitude of advantages, specifically tailored to meet the unique needs of the liquid energy industry:

Effective Cost Allocation

WACOG by Contract provides detailed cost insights for better financial control. WACOG by Pool offers market-responsive cost calculations.

Daily WACOG by Contract

RightAngle recalculates daily WACOG, aligning cost structures with market fluctuations. Crucial for industries like retail fuel, ensuring accurate decisions and risk management.

Customization

RightAngle's customization aligns tools with business goals, enhancing performance without compromise.

Smooth Integration

Seamlessly integrating RightAngle optimizes data flow, boosting efficiency across functions.

Strategic Insights

Leverage specialized WACOG reporting for real-time informed decisions and market competitiveness.

Holistic Approach

RightAngle tailors to client needs, offering a dedicated team for success. Partner with experts for a comprehensive solution that drives success.

Ready to Get Started?

Let Us Know

Enhancing NGL Management with RightAngle

In today’s ever-evolving business landscape, the imperative for streamlined, interconnected solutions to effectively manage the multifaceted intricacies of Natural Gas Liquids (NGLs) has intensified. Within the dynamic energy sector, NGLs have evolved into widely traded commodities, their significance underscored by their ecological benefits and remarkable versatility throughout the refining process. However, the intricate process of refining Y-grade products into an array of diverse sub-products introduces a labyrinthine challenge. A web of spreadsheets and documents struggles to navigate the intricate logistics spanning the entire lifecycle, right up to the end consumer.

In this blog we will talk about how we bring in together NGLs complexity and RightAngle’s out-of-the-box functionalities together through Value Creed’s expertise. We strongly advise choosing RightAngle for managing NGLs due to its specialized focus on energy and commodity trading, seamless integration capabilities, high level of customizability, efficient refining and distribution tracking, enhanced risk management features, proven track record in the industry, ease of integration, and dedicated support services.

Navigating the Complexity of NGL Management

The intricate market dynamics of NGLs arise from the distinct behaviors, demand drivers, and price correlations among ethane, propane, butanes, and pentanes, coupled with their ties to crude oil and natural gas prices. Managing NGL portfolios requires delicate balance due to these interconnected fluctuations. Seasonal demand variations, driven by factors such as heating needs and summer driving, further compound the complexity.

Blending and regrading requirements also add to the intricacy. NGLs often require blending to meet specific product specifications and market demands. Each sub-products may consist of specific blends of various hydrocarbons, including ethane, propane, butanes, and pentanes, each with its distinct chemical properties. These components are blended in varying ratios to create different sub-products with desired characteristics for different applications. Proper management and tracking of these NGL components are essential to ensure the quality and suitability of the resulting sub-products. Inaccuracies or gaps in tracking these compositions can lead to inefficiencies, sub-optimal product quality, and difficulties in meeting market demands.

Moreover, the storage types required for NGLs are diverse and specialized, ranging from underground storage facilities to pressurized vessels. The need for proper storage adds complexity to the logistics, especially considering safety regulations, volume considerations, and compatibility of stored components.

RightAngle stands out as the optimal solution, offering specialized features for NGL storage, blending, and monitoring. It ensures seamless accessibility to a wide array of sub-products, meeting diverse customer needs. Its strengths lie in integration, customization, risk management, and a solid industry track record. However, prevalent use of third-party tools like Excel introduces inefficiencies, data disparities, and operational obstacles, impeding scalability and precise decision-making.

Elevating NGL Management with Value Creed’s Customized Solutions

Fusing our expertise with the intricacies of NGL complexity seamlessly integrates with RightAngle’s out-of-the-box functionalities. We have advised a client to implement a solution designed to elevate the management of Natural Gas Liquids (NGLs) through the utilization of the RightAngle system. Our efforts entailed product setup, integration of blending/storage deal options, and modeling of the bespoke transactions, movement tracking and invoice management within the RightAngle framework. These bespoke enhancements complement RightAngle’s core features and reports, orchestrating a cohesive & integrated NGL lifecycle management that eliminates dependency on 3rd party tools and manual data interfacing. 

Integrated Inventory Reconciliation Tools

Optimizes inventory management.

Enhanced Visibility

Amplified insights into sub-product refinement and distribution for informed decision-making and risk management.

Reduced Operational Costs

Enhances efficiency by eliminating dependency on 3rd party tools.

Tailored to the client’s unique trading needs and challenges, our solutions provide an all-encompassing perspective of NGL operations within RightAngle. Furthermore, streamlined business scenario mapping is achieved through seamless integration of the core application, resulting in reduced costs and complexities. This integration includes customizable deal templates featuring integrated chemical tables, ensuring accurate sub-product tracking. Additionally, movement document templates provide meticulous oversight over refining and distribution processes. Through workflow optimization, heightened precision, and advanced risk calculations, our solution consistently delivers optimal results for the client’s NGL asset management needs.

Employing RightAngle Functionalities to Advise and Deliver Tailored Solutions

RightAngle stands out as the preferred platform due to its capacity for multifaceted customization. While these tailor-made enhancements necessitates careful upfront design, and development, QA testing – they are pivotal to align the solution with the client’s business demand and system prerequisites. These personalized enhancements have yielded a favorable impact on the overall business performance, enhancing data accuracy, streamlining processes, increased user adaptability and fortifying the overall risk management capabilities. 

By gaining a comprehensive understanding of NGL operations within RightAngle, the client is empowered to make well-informed decisions confidently, thereby enhancing operational efficiency and driving profitability. Through the convergence of intricate market dynamics, seasonal fluctuations, blending complexities and a tailored technological solution, businesses such as yours can effectively navigate the complex NGL landscape and position for sustainable success.

Want to Learn More About Our Customization Services for RightAngle?

Let Us Know