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
- Our team reviewed the Power book structure to facilitate accountability and management reporting
- Our team further integrated the P&L reporting with enhanced features to the company's upgraded CTRM application
Profit & Loss Attribution
- Our team reviewed the Profit & Loss Attribution module in the company's upgraded CTRM application to analyze the system design and reporting
- Our team proposed a system design and reporting process that would deliver accurate results for trade risks and implemented it to the company's CTRM application
Advisory Services
- Our team closely worked on the process design to comprehend the gap analysis and audit process controls
- The analysis further helped to shape the Business case and Roadmap design to recommended the appropriate platform to adequately capture the risk and value Power positions
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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