Performance Challenge

A well-known chain of gasoline service stations located across the Southern United States wanted to change CTRM platforms to address new business demands for performance, accessibility, and security. At Value Creed’s suggestion, the company decided to implement its new CTRM platform in the cloud rather than on-premises

KEY RESULTS

Future-Proof Infrastructure

 

Peak Performance

& Timely Backups

Full Ownership & 

Control Over Data

Quick Implementation

Advisory Services

Cloud Services

Agile Delivery with Security

Value Creed Services Mobilized:

Advisory

Our Advisory services not only will help you guide your operations but also help you achieve your vision by taking all stakeholders into consideration. Our highly experienced team has combined full lifecycle, functional and technical expertise to deliver frameworks and guidance around building reliable and scalable commodity trading businesses.  

Cloud Services

Bring your On-premise infrastructure to the cloud for greater speed, flexibility, and security. Maximize your operational advantages with our CTRM Cloud Infrastructure and enjoy cloud benefits—on-demand agility, flexibility with security, and cost savings.

Key Takeaways

Value Creed guided the client through the business case to implement a different CTRM application. The team further developed a roadmap design for the company to smoothly transition to the new application. The cloud design process provided an agile, holistic solution combining our CTRM Cloud Services and CTRM Cloud Infrastructure and Monitoring expertise. Our team created an infrastructure, established a secure VPN tunnel, and designed a custom virtual desktop for access to the cloud anytime, anywhere. We ensured consistent long-term success by installing our cloud CTRM security software and firewalls with multi-factor authentication.

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Performance Challenge

The company wanted to modernize its business processes with the goal to transition to a clean energy future. They also wanted to maintain sophisticated business processes across the organization, quickly and efficiently, for greater productivity and more efficiency. It sought to minimize the costs of maintaining the database and its infrastructure.

KEY RESULTS

99% Pass Percentage of UAT Test Cases

60% Cost – Saving

Zero Error in Daily Valuation Runs

CTRM Implementation

Value Creed Services Mobilized:

CTRM Implementation

The implementation services offered by Value Creed will help you in designing and set up your system’s workflows according to your business operations. In addition, we execute a change management & training program to assist your team in effectively maintaining system configurations as well as test the newly implemented CTRM application in accordance with the key requirements. 

Key Takeaways

By understanding the key requirements of the client, Value Creed developed tailored solutions to address all pain points. Additionally, the team developed custom configurations and set up a robust testing environment. Developing and implementing a comprehensive change management program and training enabled the company to not only reduce its infrastructure costs but also modernize its business processes. 

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Business Challenge

A multi-state U.S. electric cooperative and its subsidiary required more powerful recording and calculation of the financial and physical risk associated with power positions.

The company wanted more complete accountability and implement their power book structure into their CTRM System to ensure accurate and up-to-date position reporting and profit/loss measurement.

KEY RESULTS

Precise, real-time dashboards

Accurate reflection of inventory

Profit/loss position reports

Fully leveraged CTRM platform

Enterprise Risk Management

Power Profit & Loss Reporting

Profit & Loss Attribution

Advisory Services

Value Creed Services Mobilized:

Enterprise Risk Management

Our team is made up of industry-leading CTRM experts who help you define risk policies to ensure compliant operations. We’re dedicated to CTRM technology and our risk management services enables you to tailor risk evaluation and measurement metrics using data from your CTRM Solution. 

Advisory

Our Advisory services not only will help you guide your operations but also help you achieve your vision by taking all stakeholders into consideration. Our highly experienced team has combined full lifecycle, functional and technical expertise to deliver frameworks and guidance around building reliable and scalable commodity trading businesses.  

Key Takeaways

Value Creed reviewed the customer’s power structure, system, and position reporting workflow and recommended a platform that more closely matched its business structure and metrics. We then provided design advice, implemented, and configured the platform and aligned the firm’s power P&L and position reporting applications to input data to continuously update both electric and natural gas positions and inventories. Value Creed counseled the company on best practices for maintaining the platform, processes, and reporting structures

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Security Challenge

A coal producer operating in the United States and Australia needed a conduit for integrating on-premises CTRM, ERP, and risk interface infrastructure with cloud-based implementations. With application and data security of critical importance and because the project represented the firm’s first enterprise-level cloud implementation, the company sought outside assistance to augment its in-house resources.

KEY RESULTS

Cost Saving

Implementation in 

2 months

SOX Compliance

Advisory Services

Cloud Implementation

Agile Delivery & Flexibility with Security

Value Creed Services Mobilized:

Advisory

Our Advisory services not only will help you guide your operations but also help you achieve your vision by taking all stakeholders into consideration. Our highly experienced team has combined full lifecycle, functional and technical expertise to deliver frameworks and guidance around building reliable and scalable commodity trading businesses.  

Cloud Implementation

Bring your On-premise infrastructure to the cloud for greater speed, flexibility, and security. Maximize your operational advantages with our CTRM Cloud Infrastructure and enjoy cloud benefits—on-demand agility, flexibility with security, and cost savings.

Key Takeaways

Value Creed’s business case analysis and roadmap design directed the company to install a new database server that matched the company’s cloud host better. We strictly adhered to the client’s security policies & solution delivery framework and conducted gap analysis, fully documenting and securing approval at every step throughout the process, including clarification of non-platform requirements. The Value Creed team implemented change management and took the time to train the client’s off-shore team on the cloud-based platform, troubleshoot, and performance tests while still delivering under budget and hitting the go-live target.

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After a diversified energy company based in New York encountered multiple barriers and challenges in upgrading its CTRM system, it turned to Value Creed for support. 

Through Value Creed’s development, QA process, and testing efforts, technical issues were quickly resolved, achieving:

  • Full regression test run-through before business user testing
  • Successful CTRM upgrade within three months with fully functional go-live testing
  • Remediation of 150 class events in newly upgraded CTRM platform 

Learn how Value Creed’s CTRM Testing Services and Expertise On Demand Solutions resulted in a complete CTRM upgrade and digital transformation. 

Read the full case study.

Read The Case Study

Performance Challenge

Capital Power is a power producer that develops, acquires, owns, and operates power generation facilities across North America. While they are well-established with effective business processes in place, they need to continually maximize efficiency to maintain their competitive edge. That means keeping complex system platforms, like their CTRM solution, current with the latest functionalities.

Manny Neupane, Director Applications & Business Intelligence, understood that an upgrade would extend the life of Capital Power’s CTRM platform. But in the past, consultants they’d contracted to support an upgrade did not understand the product well and seemed to be learning on the fly.

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Key Results

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Successfully executed an agile CTRM platform upgrade using right-size expertise

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Maximized business process efficiency with latest platform enhancements

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Added 5-7 years to their CTRM solution and avoided costly future reimplementations

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Aligned CTRM system with current goals and markets

The Challenge

Manny and his team wanted to maximize the value of Capital Power’s existing CTRM investment, while minimizing or avoiding the usual headaches of a large system upgrade. These included:

  • Consultants they’d worked with in the past did not have the right expertise
  • The typical one-size-fits-all delivery model for upgrade services was not a fit, and even forced them to accept services they didn’t need
  • New business opportunities such as expanding into new commodity sectors were not feasible without upgrading to the new release of the CTRM platform 

CTRM Platform Solution

Capital Power needed to nimbly execute an upgrade by leveraging their in-house expertise and partnering with a firm capable of coming alongside their team to create a win-win to optimize investment while minimizing business disruption.

Value Creed offered a very agile delivery model, so Capital Power reached out to secure right-sized CTRM expertise and services. Working closely with Manny, Value Creed helped Capital Power achieve their goals by

  • Working closely with Manny’s team to define and execute an efficient upgrade process 
  • Supporting a targeted, agile upgrade process based on iterative testing and validation
  • Providing well matched, highly experienced, and highly available expert support
  • Enabling the Capital Power team to quickly fix issues and clear milestones with the assistance of a dual time-zone team working round-the-clock
  • Upgrading Capital Power’s CTRM platform functionality to meet their specific work process needs, including an updated ICE interface and enhancements to the power and environmental commodities modules
  • Simplifying business processes to limit logistics management of emissions and environmental commodities
  • Replacing outdated workarounds within the system with new, platform-native capabilities

Value Creed Services Mobilized:

CTRM Upgrades & Enhancements

Customer-first service to bring your upgrades online quickly and seamlessly, with minimal disruption of your workflow. Dedication that outperforms vendors.

Expertise On Demand

Functional and technical expertise enabling product enhancements to be leveraged by in-house staff instantly upon upgrade completion.

Exhaustive Q/A testing and in-depth cross training ensured user acceptance and project success.

Outcome

After completing the upgrade, Manny and his team are getting new value out of their CTRM platform. They have extended the life of their CTRM solution and can avoid an expensive full reimplementation in the future. Now they are able to increase efficiency, update their approach to evolving markets, and have peace of mind knowing their system is current and relevant to business goals. 

Client Success

Overcoming the Myths and Mastering the Mayhem of CTRM Upgrades

Hear from Manish Neupane, Director of Applications with Capital
Power describe his journey to CTRM Upgrade success with Value Creed’s team.

Upskill Your CTRM Upgrade Preparation

Important posts defining key points for each step in the process

Upgrade Your Software Without Missing a Beat

Value Creed’s process eliminates the training period 

We involve users from the beginning so they understand the software’s capabilities and interfaces. This compresses the learning curve and all but eliminates the weeks-long training period that is “par for the course” for vendors and our competitors.

We can do the same for you! Contact us for a demonstration.