Trade Capture Automation For CTRM Platforms Using RPA

Trade Capture Automation For CTRM Platforms Using RPA

Capture Trades Automatically to Optimize Efficiency

While trade capture is a critical component of CTRM transaction management, it requires no particular skill or knowledge. So, traders’ time is spent documenting pricing, fees, and other trade details within the CTRM platform which is a low-value, error-prone and time-consuming task.

Why CTRM Trade Capture is Well Suited to RPA

Several attributes make trade capture a particularly good fit for robotic process automation (RPA). These include:

RPA can perform trade capture tasks more quickly than is humanly possible, making results available for reporting and decision-making on the fly. In addition, robots never make calculation or data-entry errors.

Current Trade Capture Processes

Without employing RPA the trade capture process requires traders to perform several manual activities and encompasses many moving parts. Any of these can cause breakdowns and bottlenecks, robbing commodities trading organizations of productivity:

Steps CTRM Trade Professionals Take to Capture Trade Data in CTRM Platforms

Watch This Video As Value Creed Explains How It Works

Value Creed’s CTRM experts explain how robotic process automation makes a multi-step manual process for trade entry into a more productive and efficient automated process.​
Play Video

Trade Capture with Power Automate

RPA streamlines the capture of both purchases and sales of physical liquid commodities by triggering their import from the spreadsheet into the corresponding fields in the CTRM platform. 

The bot not only enters the provided data but also validates any data missing from the spreadsheet. 

Click to Enlarge

Ready to Get Robotic Process Automation Working for your CTRM Platform?​

Thirteen New Team Members Launch Their Careers in Energy Technology Innovation

A cohort of bright, energetic, and ambitious Value Creed team members has taken the next critical step in their mission to lead the next generation of energy allstars. As the inaugural class in Value Creed’s comprehensive LearnSmart career development program, the 13 aspiring individuals are in pursuit of their dreams to develop the advanced skills, industry knowledge, and software expertise that will put them on the fast track to the top of their profession.

Spring Cohort Success Powered by LearnSmart’s Commitment to Mentorship

Young professionals interested in developing their careers recognize Value Creed as a leader in energy sector solutions, managed services, and a host of other business solution implementations. They strive to become part of the LearnSmart program, knowing the company’s executive mentorship and the value it places on employees will lead them to unparalleled rewards:

Dimensions of Career Development

Fast Tracked
Career Acceleration

Hands On Energy Technology Training

Mentor-Led 360
Degree Development

Advanced Energy Technology Education and Mentor-Based Lessons

It does not take new Value Creed team members long to become convinced they are in the right place. The insights LearnSmart team members receive are applicable throughout the IT universe, allowing students to quickly grasp the purpose and function of the CTRM projects they encounter. They benefit from all the assets Value Creed brings to bear to help them become well-rounded contributors both in their jobs and in society:

Innovative Spirit Fuels Mentor-Based LearnSmart Career Pathways

Value Creed’s continuous aggressive recruitment efforts – we have doubled the size of our team over the last year – are fueled by explosive growth and demand for our business operations and mission-critical optimizations. Clients value our industry expertise and ability to transfer this knowledge to new associates as they learn to manage and optimize clients’ workflow by applying sophisticated business tools:

LearnSmart’s Excellent Reputation with Top Universities

India’s leading higher education institutions know that Value Creed represents a desirable landing spot for their graduates. Many invite the company to conduct direct recruiting on their campuses in their desire to place alumni with prestigious multinational companies. The best and the brightest want to work here, and these promising candidates do not all come directly from universities. Value Creed also welcomes applications from experienced managers and problem-solvers in all fields. All newly hired team members, as well as established employees, are eligible for enrollment in LearnSmart.

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Data Source Integration for Streamlined ISO Settlements

Value Creed leveraged Adapt2 to automate generation volumes and reconcile deliveries through thousands of contracted ISO transactions. The results:

  • Automated the client’s reconciliation of power volume data in the CTRM platform with data from the relevant ISOs
  • Data-driven insights integrated with the upgraded 
  • Applications are linked via an efficient, accurate, universally supported interface.

Read The Case Study

 Learn how a Natural Gas Marketer Streamlined Workflows and Logistics with Value Creed’s Guidance

  • 100% Inventory visibility in real-time
  • 85% Reduction In time spent reconciling bulk trade contracts
  • 55% Improvement in plan-to-forecast accuracy

Download the Case Study

Improved Go-to-Market Strategies through Full Transparency

An integrated biofuel and natural gas company sought Value Creed’s help in solving several reporting issues so it could optimize its marketing, trading, transportation, and distribution services. The company needed real-time insights into its ethanol inventories, assurance that it has captured all components of high-volume bulk trades, and alignment of its inventory logistics with its sales forecasts.

Key Results

100%

Inventory visibility in
real-time

85%

In time spent reconciling
bulk trade contracts

55%

Improvement in plan-to forecast accuracy

Data Visibility Drives Insights

Like many companies operating in the commodity-trading space, the client could not economically maintain a full staff of IT professionals conversant with every aspect of CTRM platforms and workflow. Value Creed, on the other hand, has assembled the leading technical and functional experts and equipped them with the most sophisticated tools available. Our teams understand CTRM’s complicated data structure and have acquired the knowhow to visualize, map, and streamline the platform’s modules, their discrete functions, and their reciprocal relationships and interfaces.

Current, Accurate Inventory

  • Consolidated, 360-degree transparency
  • Custom reports delivered daily through email

Trade Control & Validation

  • Tracking each contract included in bulk trades
  • Locating trades unaccounted for in high-volume transactions

Plan/Forecast Alignment

  • Coordinating production/acquisition with inventory
  • Ensuring capacity sufficient to meet demand

Value Creed Services Mobilized:

 Robotic Process Automation

Value Creed expedites workflows by eliminating bottlenecks caused by time-consuming manual processes. Automation flows data immediately to where it belongs, enabling fully informed decision-making.

RunSmart™ Managed Services

An experienced team and sophisticated technology combine to deliver feature-rich functionality and operability. You pay only for the services you need when you need them.

Proven Processes; Tailored CTRM Solutions; Tangible Results

Whether you need customized reports to calculate real-time inventory, track high-volume trades, monitor trends and profitability by trade type and commodity, or any other functionality improvement along the CTRM journey, Value Creed can help you reach your destination.

Commodity and energy traders rely on us to provide CTRM solutions and intelligence motivated by our fluency with CTRM platform specifics and trade processes. We deliver by applying our proprietary process:

 

  1. Intelligence Gathering – We learn about the client’s workflow requirements and how the current process or CTRM software configuration is limiting its implementation.

  2. Solution Design – Our technical team creates mockups of the CTRM solution’s architecture and dashboard and defines the scope of work.

  3. Development – Value Creed creates and tests scripts to discover the most elegant and robust answer to each challenge. Additional preliminary and end-user acceptance testing are performed before validation and installation.

Recommended Resources

CTRM Robotic Process Automation

BUSINESS PROCESS CHALLENGES Consider the Effect Complex CTRM Business Processes Have On Performance How much time do your traders, schedulers, and accountants spend manually entering

Read More

Take Control of Your CTRM Platform

Align functionality with company workflows

Error-free Reporting and On-demand Platform Support Expertise

The energy and commodities arm of a large Diversified Trading firm sought robust support for its end-of-day processes and after-hours system monitoring in addition to business-day user support needs related to the CTRM platform. Value Creed’s CTRM Managed Services supplemented the firm’s in-house IT resources, maintaining efficiencies, troubleshooting report preparation, and quickly resolving traders’ challenges. Impressed with Value Creed’s thorough understanding of complex CTRM platforms, the company within a few months expanded its relationship with Value Creed, adding 35 percent more monthly support hours.

Key Results

55%

more in-house IT staff time dedicated to high-value tasks

95%

reduction in trading-day delays caused by overnight reporting errors

100+

platform-support tickets resolved in the first three months

Resource Allocation and Reliable Platform
Health Outsourcing

The firm reacted quickly to market demands and aggressive competition, implementing a robust CTRM platform to help it respond more rapidly to trading opportunities and reduce exposure risk. Concerns about inconsistent, limited support and lengthy response times convinced the trading firm not to trust user guidance and system oversight to theplatform vendor. The client chose Value Creed to ensure delivery of vital services on demand:

Digitizing Inventory Forecasting

  • Industry experience and software expertise that delivery functional and technical solutions
  • Full development of CTRM platform capabilities for process automation, data management, and more

Sophisticated Tools

  • Testing, commissioning and user training that instills operator confidence and productivity.
  • Vigilant run-time and overnight reporting monitoring to repair anomalies before they compromise operations

Extension of IT Resources

  • Outsourcing of precise trade, P/L, position, and other reports to boost strategy development
  • Supplementary and complementary skills that allow in-house IT teams to focus on strategic, value-added tasks.

Value Creed Services Mobilized:

Expertise On Demand

An experienced team and sophisticated technology combine to deliver feature-rich functionality and operability. You pay only for the services you need when you need them.

RunSmart™ Managed Services

Our unique approach ensures daytime user issues are addressed, while offloading low-level trouble ticket tasks to our CTRM experts.  Additionally, our dual-timezone support instantly addresses overnight issues.  This ensures your trading day starts with accurate data and reports are ontime without having IT team working overtime.  RunSmart is the key to starting the trading day right.

Collaboration Creates Flexible, Scalable Processes

If you seek affordable, responsive CTRM expertise like we delivered for this client, talk to the Value Creed team. Whether you require always-ready daytime operational support,responsive overnight system maintenance, or any other support along your CTRM journey, Value Creed’s passion drives our commitment to bring forward-thinking solutions to solve your most complex problems and deliver the greatest business value and sustainability.

Recommended Resources

Do More With Your CTRM

Reduce errors & improve efficiency with Value Creed’s Expertise On Demand