Performance Challenge

A prominent downstream company that operates a network of gasoline service stations across the United States faced significant challenges while generating timely business and executive-level reporting across multiple desks in the middle and front office.  Furthermore, the risk team encountered difficulties with a tool responsible for transferring risk data from an ETRM system to an external tunneling system via an interface. The performance of this tool was inconsistent, causing issues for the risk team. To overcome these challenges, Value Creed proposed implementing a dashboard-based reporting system that would cater to the needs of both the business and executive levels. This solution would leverage Azure-hosted data migration tools to ensure efficient and real-time data transfer, while also maintaining proper logging to preserve an audit trail.

KEY RESULTS

Improved Reporting

Executive & business reporting for Middle and front Office 

Improved Data Migration

 Risk and Snapshot runs for mitigated P&L generation considering VaR, ES etc.

Effective Monitoring

Real-time figures, quick response, and streamlined infrastructure

Data Transformation

To address crucial transformation requirements, Value Creed implemented a Power-BI reporting dashboard for real-time updates on essential business processes across traders, schedulers, and inventory desks. Additionally, an ADF pipeline was implemented to transfer data to risk tools, facilitating critical reports such as MTM Data, Risk Exposure, and Search Curve Values. This empowered the desk to make informed decisions by leveraging insights from the reporting tool, which directly extracted and generated data from the ETRM system

Value Creed Services Mobilized:

Data Transformation

Data Transformation

Unlock operational effectiveness and elevate the efficiency and reliability of your database through Value Creed’s tailored data transformation service. Our meticulously crafted solution caters to various requirements of data integration, accessibility, monitoring, and security, empowering your business to thrive with confidence.

Key Takeaways

The implementation resulted in notable enhancements in functionality, user experience, data security, and risk analysis. It delivered valuable insights into the client’s profit and loss risk factors. Additionally, the solution facilitated the client’s transition from a reactive state to a stable operational mode with predictable process delivery times, well-organized data feeds, and responsive user support.

Contact us today to learn more about our digital transformation solutions.

Recommended Resources

Do More With Your CTRM

Customize & improve business processes with Value Creed’s Implementation Services

Performance Challenge

A global commodity merchant who trades in a wide variety of financial and physical markets was facing issues with data integration. Resorting to triage mode caused operational delays in delivery times, increased the uncertainty on data feeds, and overwhelmed the user support team. To address these challenges Value Creed recommended the client to undergo a data transformation service that would streamline their data across trades in various markets and have an organized data feed with a highly responsive user support team.

KEY RESULTS

Overall System Enhancement

Strengthened Security & Risk Management Capabilities

Improved Functionality & Usability

Data Transformation

Given the client’s situation and the urgency to address the issues, Value Creed proposed a comprehensive approach that encompassed multiple business process upgrades. These upgrades included enhancing the electronic interface with the natural gas pipeline, implementing custom P&L attribution, and collaborating with the vendor to resolve valuation bugs.

Value Creed Services Mobilized:

Data Transformation

Data Transformation

With Value Creed’s Data Transformation service, you can effectively harness the power of your data assets, enhance decision-making, optimize operational efficiency, and fuel business growth. Our proficiency in custom P&L attributions, risk management, and business process upgrades enables us to provide holistic solutions that address all your challenges.

Key Takeaways

Value Creed effectively resolved the client’s data integration challenges by implementing a data transformation solution for their ETRM system. This implementation significantly improved functionality, user experience, data security, and risk analysis. It provided valuable insights into the client’s profit and loss risk factors. Furthermore, this solution enabled the client to transition from a state of triage to a more stable operational mode, characterized by predictable process delivery times, an organized data feed, and responsive user support.

Contact us today to learn more about our digital transformation solutions.

Recommended Resources

Do More With Your CTRM

Customize & improve business processes with Value Creed’s Implementation Services

Performance Challenge

Due to manual efforts, a company encountered data analysis challenges that hindered its operations. Generating multiple reports, such as monthly reports for various commodities, weekly sales pipeline reports, daily inventory and logistics reports, and P&L statements, consumed significant resources and time. This manual process resulted in errors and delayed decision-making. Furthermore, standardizing the entire database for interpretation posed difficulties and caused data loss, leading to inaccurate results. To overcome these challenges, Value Creed proposed a comprehensive digital transformation for the company that would address all underlying issues and streamline data management, simplifying the overall data analysis process.

KEY RESULTS

Data Normalization

Helps eliminate biases and variations in different data sources and facilitates data integration across different systems

Feature Engineering

Enhanced performance catering improved predictive accuracy

Flexibility & Adaptability

Adaptable to changes in analysis requirements with evolving business needs

Simplified Analysis

Reduction in data complexity

Data Transformation

We understand the importance of data management and how it can significantly impact your business operations. We’ve addressed this issue for one of our clients by providing a complete digital transformation to not only simplify but also address all future data integration requirements for data storage and interpretation. 

Value Creed Services Mobilized:

Data Transformation

Data Transformation

Obtain the most appropriate and useful data for your specific needs! Value Creed offers a range of services to support you during your data transformation journey. With expertise in data integration, data cleaning, and data wrangling, we assist in ensuring that your data is optimized for analysis, visualization, and even storage purposes.

Key Takeaways

By implementing data transformation techniques, Value Creed successfully assisted their client in achieving quicker and more comprehensive data analysis related to product management and movement. This solution empowered the company to concentrate on its core business operations while enhancing data management practices. Moreover, it ensured that the business was prepared to integrate future digital requirements seamlessly into its systems, enabling real-time data flow, advanced analysis, and more precise future interpretations.

Contact us today to learn more about our digital transformation solutions.

Recommended Resources

Do More With Your CTRM

Customize & improve business processes with Value Creed’s Implementation Services

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. 

Recommended Resources

Do More With Your CTRM

Customize & improve business processes with Value Creed’s Implementation Services

How a Major Petroleum Company Uses Value Creed’s CTRM Business Process Outsourcing for Their Invoice Backlog and Needed Fixes

The Main Challenge

A major petroleum company ran into bandwidth issues when moving between their existing CTRM platform and a new vendor. Our team had already been providing ad hoc services in data entry—however, Business Process Outsourcing (BPO) could bring the company’s goals to fruition more rapidly and effectively, and at a lower cost, by supplementing existing teams rather than replacing them.

Key Results

ZERO

Payable voucher backlog reduced from 700 in just 30 days

3 days

to reduce months-long vendor implementation issues

30 Minutes

to reduce invoice generate process from 4 hours

Business Process Outsourcing Solutions

Payable Vouchers Backlog Reduced

  • Our BPO team stepped in to not only handle the payable vouchers, but to validate and make adjustments as needed within their system.
  • This backlog was cleared within the month thanks to our 24/7 service model.

Facilitating The CTRM Transition

  • Our BPO team leveraged their experience with CTRM upgrades to get the transition finished within three days.
  • This included fixing pre-existing code to reduce the invoice generation process from 4 hours to approximately 30 minutes.

Meeting The Documentation Needs

  • the existing vendor lacked any documentation for their systems, leaving little direction for in-house teams.
  • With less than 2 hours of onboarding training, the company’s in-house specialists got our BPO team up to speed on their internal workflows.

Key Takeaways in Implementing BPO

The Business Process Outsourcing team worked alongside the company’s internal team to expand their capabilities and extend their needs.  For this reason the in-house and BPO staff enjoy working together, sharing resources, ideas, and solutions that solved problems in minutes and implemented long-term solutions in days, not months.

Value Creed Services Mobilized:

Business Process Outsourcing

Business process outsourcing utilizes our staff with a deep knowledge of CTRM services to handle complicated, routine, or custom tasks for a client’s business. BPO members know their processes inside and out, enabling them to run vital services and handle crucial processes without disruption to your business..

Run Smart™ Expertise on Demand

An experienced team and sophisticated technology combine to deliver feature-rich functionality and operability. You pay only for the services you need when you need them.

Recommended Resources

Learn more about how business process outsourcing adds value to your company in our blog series: “3 Ways Value Creed Is In Your Corner:”

Let Your Internal Teams Focus on What They Do Best

Value Creed’s BPO experts bring efficiency to your CTRM

Your IT team does its best work on challenging, creative tasks, centered around their key talents. Our Business Process Outsourcing experts can handle routine tasks and automate whatever’s standing in the way of your business objectives.

To get started, fill out the form below to start applying BPO success in your company.

CTRM Customization and Extension Migration for Diversified Energy Organization

Value Creed Solves Extension Migration Challenges

The client, a regional company providing upstream and midstream oil and natural gas services ontacted Value Creed when it encountered difficulties during its platform upgrade. Specifically, the company needed to overcome quality control and implementation issues. We delivered critical support for the client’s in-progress CTRM upgrade. 

KEY RESULTS

Mitigation Assurance from Day 1

Error-free Resolutions

No Protracted Training

Success After Vendor Failure

Responsive, Priority Service

Turning a Critical Concern Into a CTRM Success

The Challenge: Insufficient in-house resources and vendor support

Deep into its CTRM platform upgrade, the client saw one of its key people leave the organization, placing undue burden on its remaining IT technician. When the vendor failed to provide the support our needed to complete its PO installation. 

The Need: Migration Assurance for Custom Event scripts and Extensions

The company also needed help migrating several external class events and extensions that it had developed and written in-house to the new platform. The company felt the vendor’s quality assurance measures were not being implemented and resolved quickly enough. Value Creed stepped in to bring the upgrade online, creating multiple workarounds with the insight of CTRM/ETRM functional and technical expertise to keep the company’s traders and analysts productive.

The Value Creed Solution: Event Remediation and Prompt Response

In just two weeks, Value Creed solved their class event remediation and other critical issues. As will all our implementation projects, we hit the ground running, immediately assessed the situation, and picked up where the original provider had fallen short. As usual, our experts led, advised, and guided our partner’s internal team, extending their capabilities and ensuring seamless customer onboarding.

Value Creed Services Mobilized:

Run Smart™ Expertise on Demand

An experienced team and sophisticated technology combine to deliver feature-rich functionality and operability. You pay only for the services you need when you need them.

CTRM/ETRM Upgrades & Enhancements

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

Key Takeaways

360-degree Service; 1 Purpose; 0 Conflicts of Interest

This case highlights a common scenario. Value Creed more and more frequently is seeing projects initiated by vendors or purported “partners” who lack the resources and knowhow to complete them the the customers’ satisfaction. Value Creed mobilizes its resources to clean up the mess and cut through the snags. If you’re experiencing similar hang-ups or want to ensure they don’t delay your software upgrade, contact Value Creed today.

End-to-End ETRM/CTRM Vendor and Implementation Assistance

Value Creed has developed a comprehensive process for helping clients select ETRM/CTRM software vendors, holding them accountable, overseeing installation, integration, and testing, and optimizing the run-operation and reporting operational phases. These resources will help you streamline your next software upgrade and understand the many ways Value Creed can help:

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