Performance Challenge
In their pursuit of operational enhancement, one of our leading energy clients recognized the need to stay up-to-date with the latest version that would accommodate these new processes while addressing current performance challenges. This upgrade involved incorporating features such as scheduling, optimized inventory management, and the implementation of new business processes like nominations, scheduling, pathing, conveyance, and book closure. The overarching goal was to optimize system functionality and server performance while ensuring effective data management to streamline their trading activities.
KEY RESULTS
Streamlined Operations
Streamlined workflows
for increased
productivity
Extensive Testing
Thorough examination
to ensure robust
functionality
Increased Reliability
Established methods and repeatable process for consistent success
Improved Performance
Enhanced system
efficiency and
speed
Without a doubt, one of the most successful projects in my 30-year career was this implementation project, and it could have never happened without Value Creed.
A Systematic Approach to Project Success
Timelines & Phases: The upgrade was completed within a 5-month timeframe, the project comprised cycles of 3-4 weeks each.We applied a systematic three-phase approach: Planning, Execution, and Review and Testing.
Execution Phase: It involved breaking down the upgrade into manageable cycles, testing interfaces and reports progressively, and engaging the business in each testing cycle.
Database Management: We ensured fresh database versions for each cycle, encompassing migration, conversion, and joint testing with both Value Creed and the client.
Testing Levels: Client sign-off at the end of each cycle was mandatory, and the User Acceptance Testing (UAT) phase saw the development of end-to-end business scenarios with expected test results, all verified by the customers. Our process aimed to accomplish 4-5 levels of testing before the final cut-off, guaranteeing the project’s success from Value Creed’s perspective.
Post-Upgrade Improvements: We observed Significant Performance Enhancements Following ETRM Upgrade: Position Valuation improved by 60%, Settlement improved by 65%, and Credit Sees a 30% boost.
Value Creed Services Mobilized:
Upgrade Services
Our team is made up of industry-leading CTRM experts who help you model new business requirements to ensure a future-proof setup. Our commitment to CTRM technology is reflected in our upgrade services, which empower you to customize and enhance performance. Our primary focus is to optimize functionality across the board, aligning with market demands through a holistic solution.
Key Takeaways
By leveraging Value Creed’s expertise in executing strategic upgrades, organizations unlock a pathway to enhanced operational efficiency, streamlined workflows, and a competitive edge in the ever-evolving landscape of their industry. Our collaborative workshops ensure meticulous planning, while the systematic breakdown of upgrades into manageable cycles ensures active client participation and thorough testing. With a dedicated focus on reliability and repeatability, we enhance overall performance, establishing Value Creed as a reliable ally for achieving successful and seamless upgrades.
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Do More With Your CTRM
Customize & improve business processes with Value Creed’s Implementation Services