RightAngle S23 & S24 Upgrades: Enhancements and Impact Overview

Upgrades in Dynamic Markets: Solutions for Liquids Trading

Explore the benefits of upgrading to the latest version of RightAngle with our in-depth analysis of new features, improvements, and bug fixes. This blog highlights major enhancements, evaluates their functional and technical impacts, and showcases how our expertise can guide you through the decision-making process.

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Mass
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Risk
Management

General
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Accounting

Fuel & Aviation Highlights

Architecture

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Scheduling & Inventory

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Why Choose Value Creed for Your Upgrade?

Value Creed’s commitment to excellence and client satisfaction, coupled with our extensive expertise and track record, make us the ideal partner for ensuring a successful transition. Our key differentiators include:

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Project
Accelerators

Tools like Testing Automation & FinOps enable a quicker, error-free upgrade with minimal disruption.

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Defined Upgrade Framework

A structured roadmap for upgrade assessment ensures smooth transition and effective resource utilization.

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Expertise and Experience

Experienced with diverse upgrades, we ensure a successful upgrade tailored to your needs.

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Cost Effectiveness and Certainty

With fixed-price models and a commitment to delivering value, we provide transparency throughout the engagement.

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Minimized Business Disruption

By minimizing business involvement, we ensure a seamless upgrade process, continuity, and reduced downtime for your operations.

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Full-Service Consulting

We identify cutting-edge platforms for enhanced performance, providing comprehensive support from strategy to implementation.

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SUCCESS STORIES WITH VALUE CREED’S UPGRADE SERVICES

This case study highlights how an energy company achieved a Swift upgrade in three months with Value Creed’s upgrade services:

  • Comprehensive Testing: Ensuring the highest quality standards with testing cycles at every stage
  • 3 – Month Delivery: Ensuring continuous transparency of the project’s progress with a focused 15-day sprint
  • Smooth Transition: Curated user training plan from subject matter experts along with hyper-care support

 Key Enhancements: Impact and Insights

S23 Significant Enhancements & Impact: What They Mean for You

Functional Impact

The new mass features in S23 enhance system precision by capturing data in both volume and mass metrics across inventory, movements, invoices, and risk assessments. This update requires thorough configuration and testing for seamless integration. Custom reports may need adjustments. Some users may need help with using volumetric units, necessitating specific configurations. Value Creed offers expertise to help clients navigate these changes, ensuring smooth transitions and tailored solutions for both mass and volumetric calculations.

Technical Impact

S23 upgrades involve significant system modifications, including database schema and API updates for dual quantity handling, improved inventory management, and enhanced risk management reporting. Performance is boosted through optimized data processing and scalability testing. Value Creed ensures precise system configurations and seamless transitions. Our structured methodology, including continuous business engagement and user training, supports efficient operations and maximizes upgrade benefits.

KEY ENHANCEMENTS

  • Dual Quantity Type Handling and Risk Management: Separate mass and volume fields across Valuation, Inventory, Accounting, and Risk domains to eliminate conversion needs and enhance precision. Introduced new reporting columns to handle mass-based and volume-based calculations separately.
  • Movement, Scheduling, and Inventory Management: Enhanced storage and display of mass and volume data in movement documents for better tracking and reporting. Improved inventory reconciliation and tank level capturing to support both mass and volume units as preferred.
  • Advanced Valuation, Accounting, and Provisions Management: Separate handling of volume and mass in valuation with detailed accounting reports incorporating mass and specific gravity. Latest provisions for mass calculations and tiered pricing structures based on mass quantities.
  • Data Integrity: Capability to handle forecasts in both mass and volume, enhancing flexibility and accuracy in forecast maintenance and Inventory workbench. Locking of specific fields post-transaction and recommendations for base unit settings to ensure data integrity and minimize rounding issues.
  • Transition and Custom Reporting: Comprehensive support for transitioning existing data to new structures for mass and volume, ensuring historical data integrity and continuity. Updated report adjustments and conversion strategies to align with new dual UOM handling capabilities.

Functional Impact

The streamlined movement and scheduling tools enhance scheduling efficiency by simplifying data staging and importing, reducing manual effort, and minimizing errors. The enhanced precision in the Inventory Workbench with real numbers improves accuracy in inventory tracking and management, facilitating better decision-making. The new Projected Inventory Reports offer valuable insights for long-term planning, enabling more informed inventory management strategies.

Technical Impact

These enhancements require updates to data import tools to support streamlined movement processes and improved precision in inventory tracking. Additionally, enhancements are needed in inventory reporting systems to accommodate the new Projected Inventory Reports, ensuring accurate and efficient projection functionalities.

KEY ENHANCEMENTS

  • Movement and Scheduling: Enhanced data staging and importing tools streamline movement processes, improving efficiency.
  • Inventory Workbench:  Precision is improved with real numbers displayed up to 6 decimal places, enhancing accuracy in inventory management.
  • Projected Inventory Reports: Introduction of new reports for volume and mass projections provides long-term planning insights. These reports now incorporate data on mixed and blended products imported through JSON files, enhancing their accuracy.

Functional Impact

Precision of financial operations by providing more detailed payment terms, streamlining cash management through the treatment of negative value invoices, and ensuring compliance with tax regulations via enhanced tracking and reporting capabilities. Additionally, they improve the visibility and management of receivables and tax compliance measures. 

Technical Impact

Implementation necessitates updates to accounting modules to seamlessly integrate event-based payment terms, negative value invoice handling, and tax license tracking functionalities. Adjustments to data structures and reporting systems are required to accommodate these changes effectively, including enhancements to support streamlined cash management processes and improved reporting capabilities.

KEY ENHANCEMENTS

  • Event-Based Payment Terms: Enhanced accuracy is achieved by introducing event-based payment terms at the Deal Header level.
  • Negative Value Invoices: This feature, accessible via the Cash Management Control panel, allows for better handling of negative value invoices by displaying them in the Search Open Receivables and Search Receivable Aging reports in the Cash Application.
  • Tax License Expiration Report: The report now includes the actual expiration date and the number of days until the expiration date of Tax Licenses, improving tracking and compliance measures.

Functional Impact

Introducing auditing capabilities for the Security Manager in S23 enhances transparency and accountability in system security management. Entity Auditing provides visibility into alterations, aiding in detecting and preventing unauthorized access. Configurable settings ensure compliance with regulatory standards, promoting data security.

Technical Impact

Implementing auditing necessitates system architecture modifications for effective tracking. Entity Auditing requires adjustments to the database schema and user interface. Configuring settings involves updates to configuration modules. Service Monitors, requiring additional licensing, may need infrastructure adjustments.

KEY ENHANCEMENTS

  • Security Manager: Starting from S23, changes made in the Security Manager can be audited. Entity Auditing provides visibility into security manager alterations. Configurable auditing settings ensure adherence to regulatory standards. Visibility into security alterations helps detect and prevent unauthorized access.
  • Service Monitors: Requires additional licensing and provides detailed status reports.

From S23 to S24: Ongoing Enhancements and Their Impact

Functional Impact

The new mass features in S23 enhance system precision by capturing data in both volume and mass metrics across inventory, movements, invoices, and risk assessments. This update requires thorough configuration and testing for seamless integration. Custom reports may need adjustments. Some users may need help with using volumetric units, necessitating specific configurations. Value Creed offers expertise to help clients navigate these changes, ensuring smooth transitions and tailored solutions for both mass and volumetric calculations.

Technical Impact

S23 upgrades involve significant system modifications, including database schema and API updates for dual quantity handling, improved inventory management, and enhanced risk management reporting. Performance is boosted through optimized data processing and scalability testing. Value Creed ensures precise system configurations and seamless transitions. Our structured methodology, including continuous business engagement and user training, supports efficient operations and maximizes upgrade benefits.

KEY ENHANCEMENTS

  • Reports related to the Fuel Center have been relocated to core RightAngle within a new Aviation folder.
  • Additional functionalities, such as Aircraft Maintenance and Aircraft Type Maintenance, have been added to the Aviation folders.

Functional Impact

The upgrades result in an improved user interface and integration capabilities, facilitating seamless interaction with custom APIs and third-party systems. Additionally, security management is strengthened, ensuring enhanced protection of sensitive data. Our team analyzes service monitor threads, optimizes licensing costs, and provides the right systems and configurations are chosen for each upgrade.

Technical Impact

Significant updates are required across the system architecture to accommodate the upgrades, including codebase adjustments for seamless integration with DevExpress controls and thorough testing for the new API framework. Careful planning is essential to maintain stability while incorporating these new features. Value Creed provides comprehensive support in configuring security settings, optimizing system performance, and ensuring seamless integration of new frameworks.

KEY ENHANCEMENTS

  • Operating System Upgrades: Starting from S23, the Windows Server 2016 version will no longer be supported and the upgrade to Windows Server 2019 or 2022 is mandatory.
  • SQL Upgrades: SQL Server 2019 and 2022 are compatible with S23 and S24 versions, any older version would need an upgrade.
  • Technical Upgrades: In addition to replacing UI components with DevExpress controls, the system now supports Secure SMTP for email communications, enhancing security in email transmissions. Furthermore, it connects to WCF services using HTTP for further security measures. This integration framework for custom APIs ensures enhanced security features across the platform.
  • There could be additional costs associated with the upgrades of the OS, SQL Servers, IIS, .net frameworks, MS 365, and Dev Express.

S24 Significant Enhancements & Impact: What They Mean for You

Functional Impact

Increased flexibility in adjusting units of measure for inventory groups, comprehensive support for all valuation methods to enhance inventory reporting, and the ability to reset inventory balances in both volume and mass for precise control. Furthermore, improvements in managing mass units of measure (UOMs) within key processes like the Order Actualization Tool, Quantity Caps, and Over/Under Lifting processes streamline operations. 

Technical Impact

Minor adjustments are made to further enhance the existing dual quantity handling capabilities introduced in S23. These adjustments involve refining data processing algorithms, optimizing database queries, and fine-tuning system configurations to ensure seamless handling of mass and volume separately downstream. Additionally, improvements are made to API endpoints and data validation routines to accommodate the updated handling requirements.

KEY ENHANCEMENTS

  • Enhanced Mass and Volume Handling: Continued improvements in handling mass and volume separately downstream.

Functional Impact

Improve valuation accuracy and reporting for blended products, enhancing financial precision and compliance. The capability to finalize reconciliation within specified tolerances streamlines inventory management, minimizing manual tasks and ensuring seamless transitions between accounting periods. 

Technical Impact

Adjustments to WACOG calculation algorithms and reporting systems for blended products. Similarly, reconciliation processes require modification to support finishing within specified tolerances, including updates to tolerance settings and data validation routines. Implementing Automatcher Rule Maintenance necessitates customizing validation options. Integrating Write to Zero functionality entails enhancing data processing and validation mechanisms.

KEY ENHANCEMENTS

  • Automatcher Rule Maintenance: Starting with S24, clients can choose whether to use the core RightAngle validation for duplicate Automatcher rules, which checks for the same Lifting Number, Location, Rule Detail type, and overlapping date ranges. Uncheck “Validate Automatcher Rule Uniqueness” in the Scheduling Control Panel to allow duplicates or apply custom validation.
  • Finish Recon Tolerance: The system now allows reconciliation to be completed within specified tolerances for inventory recon groups, facilitating better inventory management and simplifying the process of rolling recon groups to the next accounting period.
  • WACOG for Blended Products: Improved functionality in Monthly and Daily Weighted Average Cost of Goods (WACOG) by Contract and related reports now accommodate blended products more effectively.
  • Write to Zero Functionality: Available on Inventory Subledger Balance Maintenance, allows users to reset inventory balances to zero directly within the system.

Functional Impact

The introduction of the MTI Maintenance report and streamlined user interface on risk reports simplifies MTI entry assignment, enhancing overall operational efficiency. Value Creed’s support ensures clients can fully utilize these enhancements, increasing accuracy in P/L calculations, improving performance measurement, and enhancing strategic decision-making, ensuring a seamless transition to the upgraded system capabilities.

Technical Impact

Modifying database schemas, enhancing user interfaces, and integrating backend logic for MTI management. Implementing security measures for data protection and access control ensures seamless integration and efficient operation of the new MTI functionalities across the system. Our team provides comprehensive support, including system configuration, assigning levels of authorizations for making MTI changes, user training, and ongoing maintenance to ensure accurate market price management.

KEY ENHANCEMENTS

  • New MTI Report: Redesigned functionality allows manual selection of market information for position valuation. Introduction of a new MTI Maintenance report enables creation, maintenance, and updating of separate MTI entries. Users can assign MTI entries to trades and inventories, tracking value against intended markets. The streamlined user interface on risk reports facilitates quick assignment of MTI entries directly from the Mark-to-Market report.

Functional Impact

S24’s tax integration ensures compliance, reduces manual tax calculations and enhances audit readiness. Improved payable matching streamlines transaction handling, reduces errors, and eliminates dropdown list redundancies. These features enhance accounting accuracy, efficiency, and overall operational performance.

Technical Impact

Implementing tax integration requires API updates, database schema changes, and enhanced reporting. Payable matching improvements involve optimizing algorithms and UI components, eliminating dropdown redundancies. These modifications ensure accurate data import, efficient processing, and enhanced system performance.

KEY ENHANCEMENTS

  • Tax Integration: Support for importing externally calculated tax values, ensuring compliance and accurate tax reporting. This reduces manual tax calculations and improves audit readiness.
  • Payable Matching: Improvements in handling payable transactions and reducing redundancies in the transaction types dropdown list.

Functional Impact

The introduction of editable document templates and convenient access to favorite tools enhances flexibility and efficiency in document management. Users benefit from streamlined processes, improved accuracy, and reduced manual effort in customization tasks. Template editing simplifies customization, reducing manual effort.

Technical Impact

Implementing these features necessitates adjustments in document management systems to support direct editing of templates, enhancing usability and integration.

KEY ENHANCEMENTS

  • Edit Generated Templates: Documents such as invoices and confirmation templates can be edited directly after generation. Configurable DMS templates enable the generation of fully editable Word documents, facilitating post-generation modifications. Additionally, easy access to favorite reports, maintenance tools, and templates is provided through dedicated RightAngle modules and desktop.
  • Favorites Desktop: A new feature enables users to access favorite reports, maintenance tools, and templates in one convenient location.

Upgrade with Value Creed: Your ETRM Solutions Partner

Experience the difference with Value Creed, your premier partner for ETRM solutions and upgrades.  With years of experience and a proven track record in executing seamless transitions, we tailor our approach to your specific needs. Seamlessly upgrade to RightAngle S24 and optimize your energy trading operations by partnering with us. Get in touch today to ensure a smooth and efficient upgrade process.

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