Commodity Business Operation Lifecycle
Advisory

Advisory Services

Business Process Optimization

Energy Risk Management

Software Selection

Program Management

Renewables

Power Purchase Agreement (PPA) Management

Data Enablement Analytics
Data Transformation

Data Driven Success

Data Transformation

Analytics & Reporting

Database

Analytics & Reporting

Managed Services

Allegro

RightAngle

Other CTRM Products

Expertise on Demand

Allegro

RightAngle

Other CTRM Products

Testing Services

Testing Services

Business Process Outsourcing
CTRM Journey

CTRM Journey

CTRM Training

CTRM Implementation

CTRM Implementation

CTRM Upgrades

Allegro

RightAngle

Other CTRM Products

ISO Services
Life At ValueCreed

Consultant's Journey

Culture

Employee Training
Programs

Wellness

Entrepreneurship

Learn by Example

Workcation

Gaming Zone

Client Training

Client Training

Careers

Careers

Digital Transformation

Cloud Services

Intelligent Automation

Enhanced Efficiency with Expert Guidance

Comprehensive Fit/Gap Analysis for Optimized Cooperative Operations

Performance Challenge

The zenith of a company’s CBOL journey converges during the software selection phase, aligning with our Advisory Services. Leveraging expertise in commodity trading, risk management, and technology, we perform upfront planning and due diligence to establish a solid foundation, guiding enterprises to select software solutions that match their strategic goals.

A renowned Power Trading Company sought to improve system performance and ensure accurate accounting and reporting.Their goal was to evaluate and select a consolidated CTRM solution aligned with their trading needs and technology capabilities. Following Value Creed’s analysis, they chose a suitable software, prioritizing reliability and peak performance to achieve their operational aspirations. This case study demonstrates how prudent software selection significantly impacts a company’s journey toward excellence.
A Power Cooperative Benefits from Value Creed’s Software Selection Service

KEY RESULTS

 Alignment with Strategic Objectives

Ensuring all efforts and initiatives are focused on achieving our company’s strategic goals.

 Comprehensive Fit/Gap Analysis

A strategic evaluation to align business processes and technology solutions through a Comprehensive Fit/Gap Analysis.

 Expected Costs & Benefits

An analysis of anticipated expenses and advantages to guide strategic decision-making and maximize business value

A Strategic Approach to Project Success

Value Creed collaborated with the operating business to thoroughly explore their existing operational challenges and propose enhanced solutions.

Software Selection with CBOL Framework

Market Evaluation
To assess solutions from the CTRM vendor landscape, our team of experts conducted surveys and workshops involving key stakeholders. This aimed to understand short-term and near-term trading strategies, as well as to identify operational challenges.
Solution Analysis
Comprehensively, our team crafted scenarios and scrutinized business requirements to meticulously assess all available software applications in the market. The objective was an impartial evaluation of how well each software aligned with current and future business needs. The assessment covered usability, cost, implementation, extensibility, and end-to-end integration across front-office, mid-office, and back-office operations.
KPI Alignment
During the software selection process, our team also identified process areas that needed optimization and identified relevant KPI’s and weightages that were established based on organizational objectives identified early on.Our key focus for the process was to provide flexibility while performing a search for the applications.
Risk Mitigation
Our team ensured that the software selection process aligned with the strategic and tactical needs of the organization to future proof their investments and have an extensible foundation in place to adapt to constantly evolving business needs (Example: Renewables Trading) In addition to the technology selection aspects, the combined teams worked to develop a Project Charter and a right-sized Governance Model and organizational guard-rails to protect from implementation risks that could arise.
Ownership Analysis
Finally, a Total Cost of Ownership (TCO) model was established to evaluate all the software options including any targeted cost avoidances & savings opportunities that would need to be actively managed during the implementation to ensure that the desired benefits can be realized.

Value Creed Services Mobilized

Software Selection

Our comprehensive Software Selection process ensures a complete study of the business operations. Workshops help us to understand the key requirements of business operations to design a process map and conduct a gap analysis. Since our team is formed of industry-experienced personnel, we’re able to understand the future requirements and needs of the business which plays a key role in software selection service

CBOL Icon

CBOL™

CBOL™ is a proprietary framework designed to assist trading companies realize their strategic objectives throughout the evolution of their trading operations. This encompassing framework addresses specific needs at each stage, including future state design, software evaluation, implementation, and process optimization.

Key Takeaways

Our comprehensive software solution engaged stakeholders through surveys and workshops to unearth trading strategies and operational challenges. This process led to an all-encompassing evaluation of available software, assessing alignment with current and future business needs across factors like usability, cost, implementation, extensibility, and integration. Strategic alignment took precedence to future-proof investments and ensure adaptability.

A Project Charter, Governance Model, and safeguards were instituted to mitigate implementation risks. A holistic Total Cost of Ownership model evaluated software options, managing costs during implementation to achieve anticipated benefits. This approach effectively bridged CBOL’s vision with execution, underscoring technology’s pivotal role in operational excellence.

Ready to get started?

Explore our suite of solutions designed to empower your trading and risk management functions. Partner with us for a transformative CTRM experience that drives success in today’s ever-evolving markets.