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Moving Your CTRM Database from On-Prem Oracle to Cloud-based SQL Server

Run Smart CTRM/ETRM platform managed services enable application managers to be more proactive in resolving reporting and processing errors in advance of your daily start. In this post, we examine the dominance of Oracle, while unlocking Microsoft SQL Server’s comparable functionality, cost savings, and scalability achieved by moving your on-premise solution to the cloud.  

The truth is – for much of the last decade – Microsoft’s SQL Server was viewed as less expensive and less sophisticated than Oracle. Since then, however, MS SQL Server has closed the gaps in features and power, while maintaining its cost leadership position and delivering distinct advantages in terms of ease of use and uptime. 

Reasons to Move Your CTRM Platform Database to SQL on Azure

Cost

Value Creed has helped many clients make this conversion and has found significant initial and ongoing cost savings. Microsoft’s unit license cost is about 15 percent of Oracle’s. In addition, real-time-bidding costs with SQL average $10,000 less per year. In total, a typical on-premise CTRM system that costs $75,000 the first year running on Oracle would cost only about $15,000 on Microsoft SQL on the Azure cloud.

Compatibility

The ubiquitous Microsoft workflow – the de facto industry standard – also makes it easier for technicians to troubleshoot, diagnose, and debug communications problems between the application and the database. Basing SQL Server in Azure brings Microsoft’s technical expertise to bear, making it easier to find support. As a third-party, Java-driven product, Oracle’s diagnostic and repair process can be less straightforward.

Compatibility

The most widely-used CTRM platforms were developed using Microsoft technology, so you can be sure it will not only work with Windows, it has been optimized to perform at its best using the Microsoft interface.

User Experience

Because Oracle originally developed more features and capabilities it necessarily required additional complexity. That makes it more difficult for many people to use. On the other hand, most users are familiar with Microsoft interfaces, making SQL Server more intuitive.

Oracle to SQL Database Conversion with Value Creed 

Value Creed’s Run Smart™ CTRM managed services deliver optimal performance based on your objectives, data environment, and the number of users. Backed by Value Creed’s expertise, Run Smart™ streamlines SQL database conversions and helps commodities traders reap the cost-savings and efficiencies inherent in a cloud-platform database.

Our database conversions and data migration from Oracle on-premise to SQL on Azure incorporates elegant back-end integrations with a total workflow plan that saves you money both during the SQL conversion and throughout the life of the project. We implement a multi-step process that coordinates efforts throughout your organization. 

Take Your CTRM Platform to the Cloud 

Value Creed’s dedicated professionals and proven Run Smart™ approach gives you the confidence that your switch to SQL Server will be completed professionally and that the system will operate flawlessly on the cloud. We start with a holistic diagnosis of your current database situation, including the conceptualization of how your organization’s needs should be met through the new system. 

From there, that analysis will inform how we convert schema, scripts, and applications so they integrate seamlessly with the cloud-based SQL Server. Once data is migrated, we perform iterative testing, tuning, and customization to guarantee your database and server are fully functional from day one.  

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Get the Most from Your Database Conversion
and Cloud Migration

Why Move to the Cloud?

Modern CTRM database management demands flexibility in scaling, fast data processing, and cost efficiency. Cloud-native solutions can provide these benefits with more power, more storage, and lower costs.  

Advantages of Migrating CTRM Software from On-Premise to the Cloud

Moving your existing CTRM software to the cloud brings several key advantages over remaining on-premise. 

On-Premise To Cloud Migration

Faster Deployments

Bug fixes and new functionalities are provided automatically by Value Creed’s experts.

Less IT Resources Demand

Your in-house teams no longer have to allocate resources to on-premise CTRM management.
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Low Implementation Costs

Value Creed’s experienced consultants work effectively with every budget and platform for efficient implementations.
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Savings On Licensing Fees

No third-party software, hardware, or upfront licensing fees are required to move your CTRM to the cloud.

What To Consider Before Migrating to the Cloud

Retaining Applications

If an existing application provides functional value, is inexpensive to run, and aligns with your company’s technology strategy, it may be worth retaining as is and not moving to the cloud. 

Retiring Applications

Oftentimes, changing business needs result in underutilized and/or unnecessary applications. Consider getting rid of existing applications that aren’t being utilized at a high rate or no longer offer needed capabilities to avoid paying for unused capacity. 

Re-Purchasing or Replacing Applications

If an application can be replaced with a SaaS solution, it can lead to reduced runtime costs. Ultimately, you need to consider the customization, integration, and process options before making that call. 

Re-Hosting Applications

Moving functionality to a cloud-native solution means switching to a pay-as-you-go plan. Simply shifting applications to the cloud as an IaaS (Infrastructure as a Service) when they’re not optimized for it can be cost prohibitive, running 24 hours a day at peak load. Assess whether the application be consumed on a subscription basis or outsourced to reduce load on your cloud infrastructure.

Re-Factoring Applications

If system performance may be hampered by on-premise infrastructure, determine if an application can be moved to the cloud. Calculate the impact on capital expenditures (CAPEX) and operating expenses (OPEX), as well as long-term and day-to-day costs. Consider whether you’ll be adding new products, geographies, trade types or requiring new reports. Fortunately, cloud infrastructure has little to no upfront capital expenditure. A cloud native solution also allows for elasticity, automatically adjusting to load increases or reduced usage, creating a huge cost management advantage

Re-Platforming Applications

If you can upgrade an application or replace key back-end components to enhance existing infrastructure by employing DevOps, it can result in cost benefits in terms of system runtime and maintenance overhead. Incorporating an infrastructure as code mindset into a cloud environment greatly increases storage and computing capabilities. 

Advantages of SQL Database Conversion and Cloud Migration

SQL delivers cloud-based processing power at a third of Oracle’s database hosting cost for the same hosting capacity. Switching to SQL as part of your digital transformation creates value in several ways, including: 

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How Value Creed Helped Major Utility Company Reduce Infrastructure
Costs by 60%

Powerful Outcomes

  • 60% reduction in long-term infrastructure costs
  • 99% User Acceptance Test pass rate
  • 2 hour settlement run times reduced to just twenty minutes.
All this, in 11 short months.
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Powerful Outcomes

  • 60% reduction in long-term infrastructure costs
  • 99% User Acceptance Test pass rate
  • 2 hour settlement run times reduced to just twenty minutes.

All this, in 11 short months.

Leave Cloud Hosting and Monitoring to the Pros

Value Creed’s Run Smart™ CTRM Cloud Monitoring and Maintenance ensures your instance is up and running with a 99% uptime guarantee and more.

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Moving to the Cloud? SQL Advantages

Timely data and flexible pay and scale on-demand databases are in demand to serve modern CTRM database management needs. In fact, Forbes has determined that by 2025 more than 80 percent of companies will employ cloud-based commodity trading software to optimize and expedite their workflows. In addition, Azure Cloud users take advantage of purpose-built platform integrations and responsive customer support from Microsoft.

80%

Of CTRM Platforms will be
Cloud-Based by 2025

More Power; More Storage; Lower Cost

The cloud solves the storage problem, but energy and commodities traders often receive a nasty sticker shock when they decide to move their Oracle database from on-premises deployment to the cloud as part of their CTRM upgrade process. For many, Oracle cloud deployment is cost-prohibitive, with a unit license costing as much as $60,000. SQL delivers cloud-based processing power at about $10,000 with RTB fees of around $5,000 – a third of Oracle’s rate.

Oracle Database Hosting Cost
$60,000 + for Oracle cloud hosting

SQL Database Hosting Cost
$10,000 – $15,000 for the same hosting capacity, and
deployed in the Azure Cloud

The licensing fee for Oracle cloud deployment increases exponentially, leading many to make a clean break and switch to the SQL server as part of their digital transformation to Azure Cloud. This creates value in several ways:

Here’s what that looks like in the CTRM sphere

Value Creed’s Oracle-to-SQL Service Drives a Major Utility Company’s Digital Transformation

Powerful Outcomes

  • 60% reduction in long-term infrastructure costs
  • 99% User Acceptance Test pass rate
  • 2 hour settlement run times reduced to just twenty minutes.
All this, in 11 short months.
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Data Conversion and Cloud Migration Challenges

Naturally, Oracle makes switching out of its relational database management system (RDBMS) as complicated as possible. Only an experienced conversion and migration consultant should be entrusted to handle these intricate and nuanced tasks:

Data Normalization is Hard

Transforming the unique method Oracle uses to record, format, and store data in unique packages, codes, arrays, and tables to Azure SQL standards.
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Testing & Affirming Data Integrity is Time Consuming

Testing and iteration of conversion and migration tasks to ensure perfect compatibility and data integrity before phased or wholesale transfer can be implemented.
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Managed

Aligning Data Structure with Business Process is a Must

Configuration of table, column, row, and cell relationships based on the client’s business requirements to make indexing and querying as efficient as possible.
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Value Creed: Your Trusted SQL Database Conversion and Cloud Migration Partner

Engaging with Value Creed gives commodity management software users a partner that is experienced in both upgrades and cloud management to ensure quick implementation and full realization of benefits of their digital transformation:

Progressive Timeline

On-Budget Deployment

Testing & Extension Integration

Efficient Resource Allocation

Risk Mitigation

Leave Cloud Hosting and Monitoring to the Pros

Value Creed’s Run Smart™ CTRM Cloud Monitoring and Maintenance ensures your instance is up and running with a 99% uptime guarantee and more.

Top Energy Companies Rely on Value Creed

Value Creed’s Oracle to SQL Cloud Migration Process

With decades of expertise in CTRM/ETRM platforms, Value Creed’s team of functional and technical experts define a migration roadmap inclusive of business processes, workflows, data format requirements, integrations, extensions and destination data format requirements.  This thorough approach ensures shorter testing cycles and seamless migration from on-premise data stores to cloud-based data stores.  Rely on Value Creed’s proven cloud migration approach founded on continuous improvement.

Value Creed Cloud Migration Process
CTRM Testing
Importance of Extension Cataloging before an Implementation or an Upgrade

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Get the Most from Your Database Conversion
and Cloud Migration

Importance of CTRM Functional Testing During Cloud Migration

At Value Creed, one of our core services is assisting our clients in migrating their CTRM infrastructure to scalable, flexible, and more cost-effective cloud environments. Cloud Migration offers significant advantages vs. on-premises owned and maintained servers:

That said, the cloud migration process requires planning, forethought, and significant regression testing to ensure continued seamless operations.

Comprehensive CTRM Functional Testing

Migrating traditionally on-premise applications like CTRMs is a major step to a modern technical architecture. We affirm this decision by performing a multi-faceted testing process for a successful migration. In our practice, we use the following testing phases:

Functional testing is done for quality evaluation of applications during and after conversion, to uncover defects, and to assess the production readiness of migrated applications. Functional testing helps to reduce the attendant risks after going live. 

Multiple Dimensions of Functional Testing for CTRM Cloud Migrations

Specific to a cloud implementation, the focus of functional testing includes several additional facets for consideration beyond the scope of typical extension/upgrade testing. These include the following:

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Performance Testing

We evaluate performance and response time and check scalability factors including key processes such as EOD valuations, settlements, risk reports, and ERP interfaces.

Integration Testing

We check compatibility with third-party applications to ensure interface connectivity in the cloud.

Business Process Testing

We define desired results and correct calculations of key outputs such as P&L, exposures, and receivables/payables from trade to settle.

User Experience

Cloud migration functional testing improves operations efficiency and streamlines workflows to enhance user experience.

Security testing

Cloud migration enables CTRM platforms to make key data more available to the entire user base; complimented by our security testing.

Value Creed’s Cloud Testing Value

Value Creed’s CTRM Functional experts follow a well-integrated process by documenting end-to-end business test case scenarios. These business scenarios are designed to not only focus on the current migration  but also keep future business requirements in mind, planning for the future growth of the business.

We utilize best-in-class automated and manual test administration and reporting tools such as QMetry and Test Complete to ensure full visibility of test cases, bug identification and remediation, and reporting across your organization.

Value Creed’s CTRM experts have decades’ worth of successful go lives, with 100 percent test pass rates.  We assist in all areas of testing:

Functional Testing Results

Providing manual testing results

Professional Bug Tracking & Fix

Bug tracking and resolution

Documenting Scenarios

Documenting contract-to-cash scenarios according to business requirements

Writing Automated Testing Scripts

Creating and uploading test scripts to Qmetry

Ready To Explore CTRM Specific Functional Testing?

Let’s Us Know

A well-known chain of gasoline service stations improved its performance, accessibility and security with CTRM Cloud Services and CTRM Cloud Infrastructure and Monitoring. Thanks to Value Creed’s expertise, the client has a future-proof infrastructure stack leveraging the flexibility of the cloud, as well as full ownership and control over its data.

The results:

  • 100% accessible from anywhere using a custom virtual desktop
  • 24/7/365 support delivered with Value Creed and the client as a team
  • New security controls for secure cloud deployment with up-to-date security

Learn more about how cloud CTRM software transformed the client’s digital strategy.

Read the full case study:

Download The Case Study

Cloud hosting brings greater agility and efficiency to your CTRM platform. However, migrating, upgrading, and managing your cloud-based CTRM requires deep expertise in order to facilitate the transition process.

Value Creed offers three distinct services to ensure your CTRM cloud hosting experience runs and maintains smoothly, creating a continuity of service unparalleled in the commodity trading sector.

#1: On-Premise To Cloud Migration

Moving your existing CTRM software to the cloud brings several key advantages over remaining on-premise:

Faster Deployments

Bug fixes and new functionalities are provided automatically by Value Creed’s experts.

Less IT Resources Demand

Your in-house teams no longer have to allocate resources to on-premise CTRM management.
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Low Implementation Costs

Value Creed’s experienced consultants work effectively with every budget and platform for efficient implementations.
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Savings On Licensing Fees

No third-party software, hardware, or upfront licensing fees are required to move your CTRM to the cloud.

Best of all, moving your existing on-premise CTRM to the cloud future-proofs your business, building an infrastructure for faster, cost-effective upgrades no matter what comes next.

#2: Upgrade Your CTRM Through Cloud Deployment

If your current CTRM is outdated or in need of an upgrade, Value Creed’s expert consultants can perform an upgrade as part of a cloud migration project.

Key Takeaway

Following a CTRM + cloud upgrade, your business unlocks new capabilities to:

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#3: Cloud Hosting Monitoring & Managed Services

Moving your CTRM platform to the cloud requires CTRM/ETRM specific expertise. Once in the cloud or hybrid cloud – managing the platform long term can be a burden.

With our Cloud managed services , CTRM platforms perform at a 99% uptime, delivering reliability for your team and lower overall cost of ownership over the long-term. (Cloud managed service)

See how Managed Services works with our comprehensive cloud offerings in the detailed video below:

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CTRM Upgrade & Cloud Migration For A Major Utility Company

When a pioneering gas and electric utility company began to upgrade their CTRM, they quickly faced several challenges: outdated systems, slow performance, and extensive complex customizations. With Value Creed’s support, the company was able to achieve a 60% reduction in long-term infrastructure costs and more.

Case Study: Cloud Managed Services

60% reduction in long-term infrastructure costs

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CTRM DevOps: Continuously Driving Value by Aligning Development and Operations
Value Creed CTRM Managed Services: Cloud Monitoring & Maintenance

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