
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
CTRM EXPERTISE FOR YOUR PROGRAM MANAGEMENT OFFICE
Embarking on any program related to energy or commodities trading risk management (E/CTRM) necessarily involves diverse stakeholders and varied processes within the organization. Companies looking to scale often have yet to develop internal controls to inform the project management office, while even large organizations find it difficult to spare the resources to oversee the project from business case to maturity.
Outsourcing the management of major CTRM projects to the experienced team at Value Creed ensures expert guidance and management:
A PRECISE GAME PLAN AND A PROVEN METHODOLOGY
We coordinate tight schedules and dependencies, bringing the right people and assets together at the right time, throughout the project. We construct, operate, and enforce program management office governance, effectively manage budgets, and meet project deadlines.
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Stakeholder collaboration determines the most effective setup and workflow to achieve superior, fast results. |
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Value Creed drafts project architecture and methodology to match client functionality demands, schedule, and budget. |
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Steady progression through milestones by applying team skills where they are most effective. |
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We report all potential problems, workarounds, and as-built schematics, documenting activities and achievements. |
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We implement improvements, workflow solutions, and systems integrations to future-proof processes. |
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Let Us Know
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.
99% Pass Percentage of UAT Test Cases
60% Cost – Saving
Zero Error in Daily Valuation Runs
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.
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.
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
Moving to the Cloud? SQL Advantages Timely data and flexible pay and scale on-demand databases are in demand to serve modern CTRM database management needs.
The Challenge A major refined fuel supplier needed a faster and efficient method for scheduling deliveries, removing them from the docket once deliveries were made,
Customize & improve business processes with Value Creed’s Implementation Services
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.
Payable voucher backlog reduced from 700 in just 30 days
to reduce months-long vendor implementation issues
to reduce invoice generate process from 4 hours
Payable Vouchers Backlog Reduced
Facilitating The CTRM Transition
Meeting The Documentation Needs
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.
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..
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.
Learn more about how business process outsourcing adds value to your company in our blog series: “3 Ways Value Creed Is In Your Corner:”
Delivering Quality Client Services in a Dual-Time-Zone Model It is the aim of the Value Creed team to outperform the rest by delivering on the
How To Proactively Overcome Reporting Integration Failure for CTRM Platforms You may be able to manage and maintain your CTRM infrastructure, application enhancements, and reporting
Dual Time Zone Monitoring: Problems Solved Overnight When your trading day ends, you need to recharge and prepare for another hectic session tomorrow. The last
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.
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.
Mitigation Assurance from Day 1
Error-free Resolutions
No Protracted Training
Success After Vendor Failure
Responsive, Priority Service
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 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.
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.
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.
Customer-first service to bring your upgrades online quickly and seamlessly, with minimal disruption of your workflow. Dedication that outperforms vendors.
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.
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:
#1 Overcoming Data Integration Breakdowns For Seamless Daily Starts For most of us, the first thing we want to do is grab a cup of
#2 How To Proactively Overcome Reporting Integration Failure for CTRM Platforms After discussing solutions to failed end-of-day CTRM reporting in our last post Value Creed’s series, 5
#3: Cloud & Database Monitoring & Maintenance In the former post in our series, 5 Reasons for Choose Run Smart CTRM Managed Services, we provided
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.