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.
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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.
Customized Deal Templates:
- Captures relevant contractual information for deals, such as pricing terms, delivery dates, and other key contract terms.
- Capture a variety of rack sales, including term deals, day deals, and spot deals.
- Captures rack purchases and their relevant contractual information within the system. This helps to effectively manage their purchasing activities, including the negotiation of pricing terms, delivery schedules, and other key contract terms.
- Provides the ability to enter internal purchase and sale deals within the system. This is extremely beneficial for oil rack businesses that may have internal trading activities between different departments or subsidiaries.
- Both user-specific and global templates have been configured, ensuring consistency and accuracy in the way deals are captured and documented.
- The templates are customized in a way to capture all the data coming from the 3rd party system 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.
Customization of the Core Automatcher Rule:
- Captures additional information about rack deals, such as the type of deal (e.g., blending, contract, day deal, exchange, posted) and price market.
- Addition of custom checkboxes in RightAngle to ensure data accuracy and completeness, making certain fields (such as stores on the BOL) mandatory for automatching with transactions.
- Development of interfaces to bring actual inventory data into the system, allowing to track inventory levels more effectively and minimize write-offs.
Customizations to the Invoice Templates:
- Customized draft feature for daily generated invoices streamlines invoicing and payment processes.
- Customized reports based on different payment types reduce the need for multiple payments and save time and resources.
- The drafts include all necessary information such as transaction and payment details, due dates, and total amounts, and can be provided to customers in a variety of file formats such as pdf, excel, and .dtn.
- Improved billing and cash flow tracking results in reducing processing time and errors.
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
Special Report Customizations
Business Process Optimization
Implementation and Integration
Training and Support
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.
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
- Identify the offending SQL that’s causing the blocking and review its execution plan for optimal indexing
- 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
- Analyze the origin of the query and re-write (in case of a CE)
- Check if implicit conversions are causing the issue
- Review valuation modes, and segments for optimum configuration
- Review business process/scenario
Poor user experience of GUI
- Check if Live Data is the culprit in the specific view.
- Check the Grid configuration for optimal User-request processing.
- Review IIS configurations
- Check the user session load balancing settings.
- 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
Increased data capabilities
Wide-ranging expertise
Dual-time zone model
Global experience
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.
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.
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:
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.’
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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
Increased data capabilities
Wide-ranging expertise
Dual-time zone model
Global experience
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.
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.
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:
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.’
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
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
The portfolio value is 149,905 GBP. A standard ETRM offers only one conversion i.e. either GBP/EUR(176,887.9 EUR) or GBP/USD(190,379 USD) which doesn’t give out the real portfolio exposures. As a subsidiary, the company has a GBP/EUR exposure but as a global organization, the company has a EUR/USD exposure.
The correct portfolio exposure would be if the ETRM calculates the exposures From the Deal currency (149,905 GBP) to the Business function currency – GBP/EUR(176,887.9 EUR) and then to reporting & compliance currency – EUR/USD (189,270.05 USD)
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
Adequate Risk Management
Real visibility for accounting and compliance
Ready to Improve Your Currency Valuations?
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