Proven Use Cases for Major Industries using CTRM Software

CTRM RPA for Refinery Operations

Business Questions Refinery Operations Stakeholders Need to Answer

Refinery Operations are complex by nature requiring cross functional, multi-system data entry and data validation aligned with enterprise governance standards to answer business critical questions needed . This process can take hours and hours of human effort to perform repetitive, yet critical tasks. These tasks lead to business questions requiring timely data like.

Common Business Questions Asked by Refinery Operations

What are my projected
logistics imbalances?

How to manage imbalances
from uncertainties?

What is my actual
P&L?

These questions are critical to the health of the business. However, business process complexity often hinders productive teams from providing up-to-the-moment data needed by management. Robotic process automation (RPA) offers a better solution. By documenting the steps involved in answering these questions, RPA can perform these manual processes much faster.

Key Robotic Process Automation Opportunities for Refinery Operations

Uploading weather data and supply events

3 Top Uses for RPA in Refinery Operations CTRM Systems

Reconciling Actualization & Payment

CTRM robotic process automation ensures flawless and quick verification of shipments, deliveries, and quantities, matching them to orders and invoices. Bots scan invoices, compare to contracts, pinpoint and reconcile discrepancies, and initiate payments, capturing early payment discounts and avoiding late fees with minimal human intervention.

Automating Feedstock Monitoring

Value Creed's RPA services streamline the transfer of data from pipelines, barges, trucks, and trains into CTRM software and ERP systems like Oracle, NetSuite, and SAP, handling unique fees, terms, and bills of lading efficiently.

Highlight Optimal Hedging Opportunities

By automatically reconciling hedged/unhedged positions, RPA gives traders the insights they need to predict demand and pricing for both feedstock and refined products. Instant updates allow quick action to cover exposures and identify trade books that do not conform to the organization’s hedging guidelines.

Play Video

VIDEO

How Robotic Process Automation for Invoice Reconciliation Works

How to Get Started with Robotic Process Automation

Value Creed’s RPA services streamline business processes, alleviate data entry bottlenecks, and reduce time spent on repetitive tasks. This advanced technology expedites complex CTRM processes and mitigates data integrity risks, proving invaluable to CTRM/ETRM leaders and IT teams.

CTRM Process for Identifying RPA Opportunities

Candidate Process Identification

Top Level
Benefit
Analysis

Candidate Process Prioritization

Feasibility Analysis

Complexity Analysis

ROI
Analysis

Value Creed’s RPA Governance

Proper RPA initiation,optimization, and management requires an integrated, enterprise-wide solution. Unfortunately, many energy refiners are too busy with business development and operations to devote the resources to build RPA at a scale that can deliver tangible results. Value Creed RPA: Control, Efficiency, Profitability

Play Video about CTRM Robotic Process Automation Governance Model Video

VIDEO

CTRM Robotic Process Automation Governance Model Video

Ready to get started?

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CTRM RPA for Refinery Operations

Business Questions Refinery Operations Stakeholders Need to Answer

Common Business Questions Asked by Refinery Operations

What are my projected logistics imbalances?

How to manage imbalances from uncertainties?

What is my actual P&L?

Key Robotic Process Automation Opportunities for Refinery Operations​

3 Top Uses for RPA in Refinery Operations CTRM Systems ​

Reconciling Actualization & Payment

Automating Feedstock Monitoring

Highlight Optimal Hedging Opportunities

How Robotic Process Automation for Invoice Reconciliation Works

How to Get Started with Robotic Process Automation

CTRM Process for Identifying RPA Opportunities

Value Creed’s RPA Governance

CTRM Robotic Process Automation Governance Model Video

Ready to get started?

What are my projected
logistics imbalances?

How to manage imbalances
from uncertainties?

What is my actual
P&L?

Key Robotic Process Automation Opportunities for Refinery Operations

3 Top Uses for RPA in Refinery Operations CTRM Systems