Have you ever had to build customizations around deferred invoicing, complex risk calculations, or pricing provisions?
Due to the complex nature of the ETRM industry; Risk, Accounting, and Cash Applications rely heavily upon 3rd party tools for functions such as robust inventory valuations, WACOG calculations, and taxing functionalities. The unavailability of these tools in the older RightAngle versions encourages businesses to strongly consider an upgrade to the latest version.
Additionally from an IT standpoint, PowerBuilder or a hybrid system results in Increased Server Load and hampers stability making custom code deployment troublesome. Along with standards to be followed for SOX Compliance, the previous security manager doesn’t allow for individual task/ BA security thus increasing risk significantly.
There are numerous benefits to upgrading to the latest version, such as the new Search WACOG by Contract Summary/ Detail reports. This new feature helps reduce dependency on external applications, reduces Human Errors, and provides a better understanding of the company’s Risk Position. This will additionally replace reports such as search inventory values and provide a consolidated report with advanced core fields to facilitate advanced risk calculations.
New ways to customize the risk solution, including quantifying the risk level on the portfolio level and modifying the accounting periods on common reports, lead to increased efficiency and productivity. Dependence on 3rd Party Customizations like deferred invoices and unique auto matcher scenarios for business needs can now be handled with core functionality in the latest version.
Inventory Valuation processes have more advanced logic, allowing them to utilize the WACOG calculations set for the particular transaction.
Daily WACOG by Contract is a new inventory valuation method available in S21.1. When accounting for inventory, Daily WACOG considers the fluctuations in commodity prices as new builds enter storage for each business day. The actual cost of inventory recalculates daily, and the cost of product sold out of inventory is priced at the inventory’s weighted average on the day of the draw. This allows Daily WACOG to more accurately reflect the value of sold products each day and benefits the accounting and risk practices (protects risk metrics from distortions due to high market volatility over time) of certain businesses, like retail fuel, which experience high daily sales volumes.
The module integrates with the accounts payable and accounts receivable modules in RightAngle, allowing businesses to manage bank information and view a cash available report that includes information on receivables from invoices. This helps to validate records and prevent the application of more cash than the receivable total amount or balance of cash received. Additionally, the module provides tools for creating write-offs and managing open items effectively.
Some of the key functionalities included in the RightAngle Cash Application & Disbursement module are:
Allows for increased capabilities around managing at the tank level and ensures the Tank Level information in the IWB header section and columns in the grid that contain tank level information or consider heels in their calculation (Pumpable Inventory, Heels/Unavailable, Tank Minimum, Tank Maximum, Projected Available Ending) are accurate when aggregating
Credit/Rebill configuration processes have been automated now for Sales transactions.
System updates to the invoicing processes/Reports to better utilize and track Deferred Invoices in the application.
The transition from PowerBuilder to .NET is tied closely to the increase in performance/stability. It enables a user-friendly interface and more sound core logic. The addition of .NET code allows users for easier customization/code deployments
This feature allows you to grant users specific licenses to unique models (such as credit centers) without giving them the full core license. This not only saves money on the number of core licenses needed but also will help regulate the available data to these users
Each new version of RightAngle that is released brings with it enhancements to core logic, more efficient processes, and improved technology to increase the performance (speed) and stability (uninterrupted sessions) of the application.
This item allows security access for individual Task Scheduler tasks to be given to groups. This way, only specific users can run critical tasks such as snapshots, alleviating a lot of risk of accidental runs by less familiar users.
Individual security settings for all internal business associates, which allows users to be part of singular or multiple groups. This is a critical item for SOX compliance, as well as other regulations on data access.
Transactional data, having so many variables involved, is a large chunk of available database space. Being able to archive this data will increase system performance by not overloading the databases, leading to quicker queries, increased database longevity, etc.
(Integration/performance testing)
Migration of all customizations
end-to-end quality checks, documentation, etc
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Training is integrated from inception to the end of the project. We engage the users in training during phases 1 and 2 of the upgrade process. Our team will work side by side with the users to validate the system, and provide informal one-on-one training as well as knowledge-sharing sessions, essentially helping the users “learn by doing”.
Just as testing does not begin with UAT, training does not begin with UAT. During the Upgrade Assessment phase, we establish a collaborative culture with the message, “Endur expertise is on site, feel free to engage with your questions about Endur.” We engage the users during phases 1 and 2 of the upgrade process. In addition to the training embedded in our methodology, formal training at the start of UAT is provided. We edit our training materials to use actual examples to provide a meaningful training experience. The training experience does not end at go-live.
The training approach has four elements to execute training. The first element is Training Plan & Documentation. During this, a training plan is developed based on the impact assessment and changes. The second element is testing the training material and identifying individual training needs and deficiencies. The third element focuses on training delivery, where the training participation is tracked. The last element is about refreshing and reinforcing training which details additional training if required.
Our Hyper Care team will ensure that your users are trained in any new functionality or changes to the system. It’s a support phase that follows immediately after the Upgrade Go-Live to ensure seamless adoption.
Leverage a partner with best-in-class functional and technical expertise to manage and deploy your upgrade on time and on budget.
This blog summarizes the enhancements made to the user interface of Allegro Horizon’s crude, NGL’s and refined products functionality and help users understand the various benefits of moving to the .NET core version, where in the logistics data gets valued in Valuation and Net Valuation that enhances performance significantly ensuring more consistent results.
The Logistics UI has been powered by various subsets of UIs to get information
Since the UI has been equipped with various parameters, users have easy access to the information like:
Improved locational hierarchy enabling users to track Locations, Sub-Locations, and Tanks in a hierarchical manner. Users can also set up to mirror the physical and logical organization of customer assets, delivery locations, and receipt locations.
More efficient and user-friendly scheduling around pipelines and in handling high-volume truck operations.
Realtime Position and P&L Reporting with automated line/transit loss and gain recognition helping users avoid manual errors.
Manage multiple inventory types within a tank with the ability to assign tank types like Lease, Storage, and Blending.
Better Exposure Reporting with an improved ability for users to execute aggregate hedging across high-volume liquid operations with complex pricing.
Enhanced net valuations for individual tanks without having the tank set up as its own location allowing a better understanding of inventory costs and value across time periods.
Separation of Tank/pile capacity, volume, and inventory tracking specifying tank capacity, liquid volume, and what portion of liquid volume has to be tracked and valued as inventory enabling users to deal with market disruptions.
The complexity and volatility of the crude and refined markets require traders and marketers to have real-time information supporting their unique trading requirements. Value Creed’s expertise in CTRM implementations and upgrades can help you leverage the new and updated functionalities allowing the maximum benefit for trading and risk management functions.
Leverage a partner with best-in-class functional and technical expertise to manage and deploy your upgrade on time and on budget.
While performing Allegro Horizon Upgrade, energy companies look for an improvement in their existing business functions, system performance to enhance their business process – making it standardized and efficient.
With our more than a decade of experience in performing Allegro Upgrades and keeping our clients up to date with the ever changing technologies, moving to the .NET Core version of the technology can result in a significant performance improvement under the same hardware conditions around areas like processing of Position & Inventory Valuations, Settlements, and Credit.The latest package includes improved out-of-the-box business functions and offer immediate benefits to any existing Allegro user.
Value Creed have been a strong advocate and encourage our clients to use the latest version of the Allegro Horizon system packages to capitalize the maximum value from their trade and risk management business functions. With us providing technical support and guidance to our client’s internal teams, our clients can achieve maximum efficiency that is being offered by the Allegro Horizon Platform.
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Leverage a partner with best-in-class functional and technical expertise to manage and deploy your upgrade on time and on budget.
Extension cataloging improves CTRM implementation practices throughout the upgrade process. Performed correctly, it is a worthwhile investment.
As a part of the pre-upgrade process, each of the class events, message events, database views, and stored procedures are analyzed and categorized based on the functional areas and complexities. Each component is evaluated to determine what is new, what is different, and what has changed.
Capital Power Harnesses Value Creed’s Expertise, Achieves Agile CTRM Platform Upgrade Maximizing CTRM System Value and Efficiency with Targeted Expertise Capital Power needed to nimbly
How Value Creed’s Seamless CTRM Upgrade Powered a Global Energy Company’s Growth Goals CTRM Productivity Gains Enable Trading Productivity Boost When a major natural gas production
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At these inflection points, CIOs and their teams are tapped by executive leaders to drive new innovation in these platforms. This often start with an evaluation of their incumbent CTRM platform’s ability to deliver on these new priorities.
The decision to upgrade a CTRM platform is influenced by key functional concerns like:
Whether you’re implementing a light upgrade, with Value Creed providing technical support and guidance to internal teams, or a full upgrade where our experts handle everything, these three key values are crucial to keep front of mind.
Above all, companies assess the costs of a CTRM upgrade against the quantitative benefits of upgrading their commodity management software. By putting numbers to the project, managers have a better sense of what resources they’ll need, including:
CTRM improvements involve qualitative benefits that improve the overall function of their platform. The advantages companies gain from effective CTRM upgrades often reveal themselves over time.
Some of the qualitative benefits companies seek in their CTRM solutions include:
Commodity trading and risk management relies on getting the right data to the right teams—and keeping data out of the hands of bad actors. These qualitative improvements ensure that only the right people utilize said data.
CTRM improvements involve qualitative benefits that improve the overall function of their platform. The advantages companies gain from effective CTRM upgrades often reveal themselves over time.
The decision to upgrade your CTRM requires high consideration, cross-functional buy in, diligent oversight and the right vendor partner to ensure flawless execution. There are three keys to consider as you select the right partner.
Upgrading your CTRM platform is inevitable. Listen to this video and learn how you can ensure success by addressing the risks with an informed perspective.
Capital Power Harnesses Value Creed’s Expertise, Achieves Agile CTRM Platform Upgrade Maximizing CTRM System Value and Efficiency with Targeted Expertise Capital Power needed to nimbly
How Value Creed’s Seamless CTRM Upgrade Powered a Global Energy Company’s Growth Goals CTRM Productivity Gains Enable Trading Productivity Boost When a major natural gas production
How a Major North American Utility Company Achieved Successful Digital Transformation With Value Creed Overcoming Outdated CTRM Platform Limitations When a pioneering gas and electric
Leverage a partner with best-in-class functional and technical expertise to manage and deploy your upgrade on time and on budget.