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Is your current RightAngle version holding you back?

Don’t let business and IT constraints become roadblocks on your path to success. Value Creed is here to help with our tailored solutions and additional support.

We understand the challenges you face and offer the expertise to overcome them. With our comprehensive approach, we ensure that your operations run smoothly and efficiently, by not only addressing the immediate concerns but also the underlying issues, enabling sustainable success.

Unlocking Solutions for Unsupported RightAngle Versions

 In the realm of technical problem-solving, there are multiple alternatives to address new business scenarios, current issues, and bugs without resorting to an upgrade.

With increasing operational complexities, businesses recognize the need to have tailored solutions for generating reports such as Hour Lifting Reports and Inventory Reconciliation. While the latest versions may address future requirements for automatcher, order maintenance, and more, upgrading solely for immediate fixes is not an ideal solution. This is where our team’s expertise comes in, delivering flawless transitions between the current and new system processes. 

Introduction of new business scenarios

With a lack of core support for any new business scenarios, implementation of various modules will either be a ‘workaround’ utilizing the current systems in place, or a new customization to be added to the system. Our expertise allows us to understand the current processes and create new functional customizations that can be incorporated seamlessly within the current setup. 

This is a tailored display system aimed at providing our business with real-time updates on the hourly quantity of products being lifted. The solution offers a visual representation of the frequency of outgoing products, empowering our team to grasp the intricacies of demand and supply dynamics. 

A custom solution for automatically handling the BOLs (Movement Documents); through meticulous implementation, the system is designed to possess the capability to identify specific data attributes within BOLs, such as product details, locations, and receipt/delivery deals.

Automating this process aims at assisting users after the month-end account closes, further enabling proactive comparison of the data between ‘Search Inventory Balance’ and ‘Search Inventory Subledger Balance,’ swiftly identifying any discrepancies that necessitate user validation.

Recognizing Future Business Requirements

In many instances, the RightAngle system may not meet the business requirements, necessitating the addition of new custom business rules and custom development. Our team has extensive experience in implementing numerous custom developments to support the business. Here are a few examples:

These modules can include deferred invoices and custom order processing. With the complexity of these items, with scenarios such as needing to actualize individual movement doc line items at separate times/accounting periods, the core logic can find it difficult to accomplish the goals of the business.   

These templates are carefully customized to capture all the essential details needed for each specific trade. For example, to address the complexities of the Rack business, we have designed separate templates for different scenarios, including Rack Day purchase & sale, Rack Contract purchase & sale, Rack posted purchase & sale, and standalone RINs purchase & sale.

Whereas for RINs trades, we have expanded the deal templates by including additional fields that are crucial for our RINs customers. When deals are interfaced and imported from third-party tools into RightAngle, our team has implemented a reliable mechanism to ensure smooth data transfers.

 

The T4 Interface allows for the seamless import of nominations, schedules, and custody tickets from T4 into RightAngle, simplifying order creation and movement document generation. Custom reports provide details of imported T4 data and highlight any issues.

The developed custom solution for Capturing Physical Inventory Balances for Terminal and Storage locations has the ability to capture the physical inventory balances for their terminal and storage locations.
Furthermore, implementing a custom auto-agree job helps to compare the terminal BOL data with the RightAngle BOL data. If no discrepancies are found, the transaction is marked as agreed on by the recon group.

Our team configures payable matching for different types used by customers, with specific tolerances for each transaction. The Payable Automatcher job applies the matching logic to align vendor files with RightAngle accounting transactions.

To facilitate communication with various counterparties, our custom solution has the functionality to send draft notices via email directly from RightAngle. It also generates a PDF file containing AR invoices for the current day and automatically emails it to the respective counterparties, ensuring efficient and timely communication.

Addressing Manual User-hours Issues

The business can incur significant costs in the long run when encountering issues that demand a considerable amount of manual effort or workarounds. It becomes crucial to implement a permanent solution to mitigate these challenges. This is where Value Creed can play a vital role by developing a long-term resolution so the users can be relieved from the complexities of workaround procedures tied to the issue.

A sophisticated custom logic that automates the payable invoice generation identifies and selects accounting transactions that meet specific criteria provided by the business. Our approach streamlines the invoicing workflow, allowing businesses to focus on core operations and enhance overall productivity.

Value Creed offers a custom solution that matches orders effectively and generates order batch names by intelligently trimming them while maintaining uniqueness. This eliminates the need for manual order and order batch creation, mitigating potential issues with the automatcher.

In certain scenarios where users update data on existing deals, the system erroneously terminates the risk associated with those deals on the MTM report, leading to discrepancies in the risk data. To mitigate this issue, our team offers a meticulous data validation process that identifies such cases and flags the records where risk termination has occurred incorrectly. 

Tackle challenges of unsupported RightAngle versions with Value Creed’s Expertise

Harnessing our expertise, we understand the intricacies of your unique environment and curate custom solutions that seamlessly sync with your existing configurations.

With our extensive background in handling diverse versions, we possess the ideal experience to provide customized solutions for RightAngle’s unsupported versions. Our distinctive solutions offer numerous benefits, including enhanced system performance, streamlined inventory management, accelerated invoicing workflows, reduced manual efforts, and optimized cost management. By adopting our custom approach, you can allocate resources more effectively, fostering productivity and facilitating growth.

Why Upgrade RightAngle?
Rack Business in RightAngle

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Streamline Rack Business Operations

The energy trading industry involves buying and selling commodities through ETRM tools like RightAngle. However, standard features may not meet specific business needs. Our expertise offers customized solutions to streamline rack business operations, including managing trading activities, tracking positions, billing customers, and mitigating risks.

Below is how a Rack Deal is performed in RightAngle:

Industry Pain Points

Inefficient operations lead to delays, errors, and increased risk, which ultimately impacted the bottom line of the business. This further leads to challenges in retaining customers as well as acquiring new customers.

Each office has its own additional challenges due to the standard template available in RightAngle, these are: 

The deal template is incompatible to capture all the necessary data required by the business. The inability to enter internal purchase and sale deals within the system makes it extremely difficult to capture and manage internal trading activities between different departments or subsidiaries.

Middle office users spend a significant time matching physical trades to the movements, leading to an increased risk of errors and potential delays. With 3rd party tools, the process of capturing rack deals, scheduling them, and handling movements and related BOL files makes the entire process time-consuming.

The unavailability of customized invoice templates like payment type drafts, billing, and cash applications makes the process inefficient and error-prone, leading to delays in payment and potential disputes with customers.

Value Creed's Customized Approach to Rack Business

The suggested solution includes customized deal templates, automatcher rules, and invoice templates, as well as drafts for daily invoices and custom reports tailored to customer requirements. These customizations help clients to streamline their operations, optimize the use of the RightAngle tool, and improve overall efficiency, leading to improved customer satisfaction, reduced errors, and increased profitability.

Benefits

Customized solution for RightAngle by Value Creed has results in improved efficiency, productivity, and profitability for businesses.

Our customizations help streamline front-office operations, allowing businesses to more efficiently capture, manage, and track deals, resulting in increased efficiency and productivity.

Our customizations will provide businesses with enhanced middle-office capabilities, such as the ability to track inventory levels, automatch transactions, and generate customized reports, resulting in better risk management and improved decision-making.

Our customizations can help businesses streamline their invoicing and payment processes, reducing processing time and errors, and increasing efficiency and productivity.

Our customizations provide businesses with increased visibility and control over their trading activities, allowing them to better manage risk exposure and make more informed decisions.

Increased Efficiency & Productivity

20-30% increase in overall productivity

Improved Accuracy & Reduced Errors

Reduce manual errors by up to 80%

Better Risk Management

10-15% reduction in risk exposure

Improved Cash Flow

5-10% improvement in cash flow

Cost Savings

10-20% reduction in storage costs

Value Creed's Service Add Ons

Value Creed offers a range of services to help customers implement and customize RightAngle to meet their unique business needs. Some of the services that will help deliver the Customized Rack Business solution include:

RightAngle Customization

Customization of deal templates, automatcher rules, creating invoice drafts, multiple reports, and other features to meet the unique needs of the customers.

Special Report Customizations

Customized reports to include specific information such as the date and time of the interface, the type of deal, the deal ID, the source of the interface, and any relevant details or comments.

Business Process Optimization

Optimizing business processes by analyzing current workflows, identifying areas for improvement, and implementing best practices

Implementation and Integration

End-to-end implementation services from project planning and scoping to testing and deployment.

Training and Support

Training on core functionalities, as well as customized training on features, functionalities, and workflows related to rack business.
Why Upgrade RightAngle?
RightAngle Automation Testing Solution

Want to Learn More About Our Customization Services for RightAngle?   

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Addressing Complex Functionalities

Performance bottlenecks are common and can happen in Batch job processing or within the UI. These problems often lead to slow system response time, system crashes, functionality issues, and poor user adoption. Complex enterprise applications require significant specialty to get the most from them and to keep them healthy and operating at peak performance​.

 

This blog talks about approaches to troubleshooting system slowness issues and finding appropriate solutions. Customers often experience slowness with jobs such as Settlement, Valuations, customizations, or even certain application views. Below are some of the factors that contribute to system slowness:

Default SQL Server & Database Settings

Sub-Optimal Grid Configuration

Poorly designed extensions/ code

Inefficient SQL Queries

Redundant/Overlapping Grid Scheduled Jobs

Inadequate Hardware Resources, etc.

Value Creed's Approach

To address these issues, Value Creed proposes to start by understanding the pain points of the customer around Performance. Depending on the nature of the case, troubleshoot the issue using the various tools provided by your CTRM software and Microsoft (SQL Server Monitoring, App server monitoring, etc.). Database tuning and addressing implicit conversions (also called data type conversions) resolve the performance issues for the most part and make the system super-responsive.

Value Creed has a proven record of analyzing and resolving serious performance issues following a systematic approach. Upon completion, the team will provide a detailed report with the results of each test, an overall rating of your CTRM health, and a few recommendations for system maintenance.

Discover the power of our Data Optimization Service

We had the pleasure of engaging with an enthusiastic audience during AUG 2023. This video briefly summarizes our technology session where we highlighted our data optimization expertise and its application for a client.

Play Video

Configuring Troubleshooting Checks

Here are two cases of how Value Creed can assist you in addressing common issues. Various other troubleshooting checks can be taken depending on the complexity of the issue. These configurations in most cases have a positive impact throughout the system.

General slowness of the Database from Valuations

  1. Identify the offending SQL that’s causing the blocking and review its execution plan for optimal indexing
  2. Review the database configurations (Parameterization, Max DOP, Query Cost Threshold, etc.) and adjust the settings based on the hardware resources allocated to the DB Server
  3. Analyze the origin of the query and re-write (in case of a CE)
  4. Check if implicit conversions are causing the issue
  5. Review valuation modes, and segments for optimum configuration
  6.  Review business process/scenario

Poor user experience of GUI

  1. Check if Live Data is the culprit in the specific view.
  2. Check the Grid configuration for optimal User-request processing.
  3. Review IIS configurations
  4. Check the user session load balancing settings.
  5. See if SQL server has to perform intrinsic conversions frequently, etc.

Ensuring Peak Performance

Additionally, Value Creed can leverage the information from Valuation Statistics view to better optimize jobs running on the grid such as settlement, credit, etc. Troubleshooting can have several advantages for your business operations:

Reduced dependency on IT teams

Improved user experience

Improved EOD job performance

Hardware cost savings

Ready to Explore Upgrading Your CTRM?

Leverage a partner with best-in-class functional and technical expertise to manage and deploy your upgrade on time and on budget.

Five Ways CIOs Can Leverage RightAngle Expertise On Demand

Modern business demands require more than merely managing the status quo for CTRM platforms. Whether executives seek to integrate their platform with other systems, provide data transparency to front office users, for instance, or reduce their total cost of ownership for the system, expertise is demanded.  

Value Creed’s teams of technical and functional experts enable your organization to achieve your goals at every stage of the RightAngle journey in five unique ways.

Holistic oversight

Teams mired in RightAngle maintenance must allocate their time to short-term needs, rather than strategic programs.
Trade_Data

Increased data capabilities

Now more than ever, data is seen as a corporate asset. Integrating your RightAngle with data sources makes business use of this asset possible.
Managed

Wide-ranging expertise

In-house teams build skills and knowledge, yet Value Creed's technical and functional expertise aids in fulfilling complex demands.
Dual_time_zone

Dual-time zone model

Latent issues are resolved overnight thanks to teams working across time zones for more efficient success.
Globe

Global experience

Our experts have worked with CTRM teams across the globe, providing a wealth of insight to each valued client.

Why Value Creed's Expertise On Demand is a Game Changer

There was a time when in-house RightAngle experts could effectively handle most issues in their commodity management software. Yet the 24/7 nature of modern commodity trading and risk management requires new, more creative solutions for a rapidly evolving market.

Value Creed’s Expertise on Demand offering bridges the gap between the client’s bottom-line needs and the decades of experience available from an outsourced team. This flexible alternative to full-time staffing enables your IT budget to go further for key programs like these:

In order to meet the demands of cost of ownership improvements, Value Creed’s dual timezone support gives CIOs the capacity they need for diverse projects. These may include: scoping and developing new Endur functionality, creating and testing custom extensions, outsourcing repetitive business processes, building dynamic dashboards for decision making and monitoring performance overnight and during the work-day.  

istock-01

Data Smart™ Solutions for Every Level of Your Business

Data Smart™ desilos your data and places it in the hands of key users, data analysts, and decision-makers. This innovative solution engineers a complete data catalog, transcending data quality issues and optimizing DataOps methodology.

Learn More
"Value Creed brought hands-on experience to the upgrade that allowed us to leverage their extensive knowledge-base with our own. In short, they were able to get us off the ground so that we could focus on what matters most: our business."
Manish "Manny" Neupane
Manish "Manny" NeupaneDirector of ETRM Applications, Capital Power
“We had an incredibly short period to make these changes so we could maintain automation of our trade data feeds. Interrupting business operations was not an option. Luckily, BroadPeak and Value Creed met our deadline. Their commitment to our project was impressive.”
Chris Koch
Chris KochRisk Systems Specialist, TransAlta
Previous
Next

Three Business Critical Dimensions of CTRM Know-how

Each individual working within an Expertise on Demand team possesses a multitude of knowledge from working across multiple accounts. They are familiar with a platform not from a single previous client, but in many different environments, making them more agile when approaching familiar challenges.  This uniquely specialized expertise pays off in a number of ways:

Integration
A given vendor can lend valuable support in the early days of implementation, yet when it comes to scaling CTRM needs with market growth, integrations are essential. ValueCreed’s Expertise on Demand consultants can re-architect entirely new solutions or supply key performance upgrades that vastly reduce performance times, often from hours to minutes.
P&L Reporting
Reducing the performance time within CTRM reporting opens up more possibilities for data. Profit and Loss statements, in particular, benefit from on demand expertise, given the up-to-the-minute nature of the data needed to gain key insights.
Inventory Valuation
Objective insights in inventory valuation are essential. A given CTRM software vendor often lacks the in-depth knowledge of a company’s inventory assets and valuation methods. On demand expertise tailors solutions to valuing inventory, no matter the size or shape.
Previous
Next

To a team of on demand CTRM experts, no problem is completely new. Successful businesses know what they need to accomplish to meet their long and short-term goals—Value Creed’s expertise on demand bridges that gap between ‘would’ and ‘can.’

 

The Importance of Developing an Effective Database Management Program
G2X Leverages Value Creed’s CTRM Expertise On Demand To Break Their Business Process Bottleneck

Ready To Get Started?

Let Us Know

Five Ways CIOs Can Leverage Endur Expertise On Demand

Modern business demands require more than merely managing the status quo for CTRM platforms. Whether executives seek to integrate their platform with other systems, provide data transparency to front office users, for instance, or reduce their total cost of ownership for the system, expertise is demanded.  

Value Creed’s teams of technical and functional experts enable your organization to achieve your goals at every stage of the CTRM journey in five unique ways.

Holistic oversight

Teams mired in Endur maintenance must allocate their time to short-term needs, rather than strategic programs.
Trade_Data

Increased data capabilities

Now more than ever, data is seen as a corporate asset. Integrating your Endur with data sources makes business use of this asset possible.
Managed

Wide-ranging expertise

In-house teams build skills and knowledge, yet Value Creed's technical and functional expertise aids in fulfilling complex demands.
Dual_time_zone

Dual-time zone model

Latent issues are resolved overnight thanks to teams working across time zones for more efficient success.
Globe

Global experience

Our experts have worked with CTRM teams across the globe, providing a wealth of insight to each valued client.

Why Value Creed's Expertise On Demand is a Game Changer

There was a time when in-house Endur experts could effectively handle most issues in their commodity management software. Yet the 24/7 nature of modern commodity trading and risk management requires new, more creative solutions for a rapidly evolving market.

Value Creed’s Expertise on Demand offering bridges the gap between the client’s bottom-line needs and the decades of experience available from an outsourced team. This flexible alternative to full-time staffing enables your IT budget to go further for key programs like these:

In order to meet the demands of cost of ownership improvements, Value Creed’s dual timezone support gives CIOs the capacity they need for diverse projects. These may include: scoping and developing new Endur functionality, creating and testing custom extensions, outsourcing repetitive business processes, building dynamic dashboards for decision making and monitoring performance overnight and during the work-day.  

istock-01

Data Smart™ Solutions for Every Level of Your Business

Data Smart™ desilos your data and places it in the hands of key users, data analysts, and decision-makers. This innovative solution engineers a complete data catalog, transcending data quality issues and optimizing DataOps methodology.

Learn More
"Value Creed brought hands-on experience to the upgrade that allowed us to leverage their extensive knowledge-base with our own. In short, they were able to get us off the ground so that we could focus on what matters most: our business."
Manish "Manny" Neupane
Manish "Manny" NeupaneDirector of ETRM Applications, Capital Power
“We had an incredibly short period to make these changes so we could maintain automation of our trade data feeds. Interrupting business operations was not an option. Luckily, BroadPeak and Value Creed met our deadline. Their commitment to our project was impressive.”
Chris Koch
Chris KochRisk Systems Specialist, TransAlta
Previous
Next

Three Business Critical Dimensions of CTRM Know-how

Each individual working within an Expertise on Demand team possesses a multitude of knowledge from working across multiple accounts. They are familiar with a platform not from a single previous client, but in many different environments, making them more agile when approaching familiar challenges.  This uniquely specialized expertise pays off in a number of ways:

Integration
A given vendor can lend valuable support in the early days of implementation, yet when it comes to scaling CTRM needs with market growth, integrations are essential. ValueCreed’s Expertise on Demand consultants can re-architect entirely new solutions or supply key performance upgrades that vastly reduce performance times, often from hours to minutes.
P&L Reporting
Reducing the performance time within CTRM reporting opens up more possibilities for data. Profit and Loss statements, in particular, benefit from on demand expertise, given the up-to-the-minute nature of the data needed to gain key insights.
Inventory Valuation
Objective insights in inventory valuation are essential. A given CTRM software vendor often lacks the in-depth knowledge of a company’s inventory assets and valuation methods. On demand expertise tailors solutions to valuing inventory, no matter the size or shape.
Previous
Next

To a team of on demand CTRM experts, no problem is completely new. Successful businesses know what they need to accomplish to meet their long and short-term goals—Value Creed’s expertise on demand bridges that gap between ‘would’ and ‘can.’

 

The Importance of Developing an Effective Database Management Program
G2X Leverages Value Creed’s CTRM Expertise On Demand To Break Their Business Process Bottleneck

Ready To Get Started?

Let Us Know

We highlight how a global trading house wanted to change the methodology to calculate the portfolio exposures from one currency to another that was offered by the standard ETRM.

CHALLENGE

CALCULATING YOUR PORTFOLIO EXPOSURE

The energy industry is experiencing a rapid transformation with North America, Europe and Asia evolving as an interconnected global Energy market. Commodity prices are tying major global energy participants to each other with the European and the Middle Eastern trading hubs being heavily correlated.

However, as volatility is still common in the energy markets companies are now also dealing with a different set of risks.

Value Creed’s team has helped one of their global energy trading houses to overcome this challenge by understanding their current business process, analysing the implementation of their trading business in their ETRM system and then tweaking it to deliver the desired outcome. 

CURRENT AND EXPECTED RESULTS

If you observe the above the case there is a 1.1k approx USD exposure difference

SOLUTION AND OUTCOME

Value Creed implemented a solution on top of an existing ETRM valuation engine to accept multiple currencies to value the portfolio, new rules for the exposure calculations, stored the results and displayed the new real portfolio value.

The real insights give power to the business to plan an action and know when to implement it. The client has achieved:  

Real Portfolio visibility

The implemented solution gave the trading desk real visibility of their portfolio exposures.

Adequate Risk Management

The implemented solution helped the Derivatives and FX team to create more sophisticated hedging strategies.

Real visibility for accounting and compliance

They were able to report the correct P&L by entities and eliminate the FX differences.​
Recommended: CTRM Case Studies

Ready to Improve Your Currency Valuations?

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