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.
When you can, take a few moments and explore these key points:
#1. There’s not enough room in the budget to justify CTRM Horizon 145
#2. The risk of disruption to daily, business-critical functions is too great
#3. Upgrades come with a lot of uncertainty; therefore remediation and UAT testing can be extensive
#4. It would cause too much strain on our in-house staff to manage testing and remediation the right way
#5. After go-live, if application support is needed, there’s no resource that’s accessible on-demand
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CTRM software systems become obsolete every time there is a change in technology, a new market regulation or amendment in the current structure. More complex trading and risk management strategies become the need of the hour to keep pace with your competitors, especially when you want to penetrate different markets and engage in multi commodities and expand your line of business. But before you think of a system upgrade, you should ask yourself the 3 W’s – Why, What and When before making any decision, as upgrading a large CTRM software system costs you somewhere between $1-2 million per the implementation specialists.
When you want to take advantage of the changing technology (cloud based, big data or blockchain) and increase your performance and eventually ROI.
To get benefits from new user friendly features, bug fixes and automation of critical business process to save time and money.
To enjoy benefits of the services provided by the CTRM software system vendors and make your system more compatible with new enhancements.
To adhere to regulatory reforms and avoid any operational risks arising from non-compliance.
Old versions – which may be no longer compatible with other, connected applications either in-house or out bound.
System performance – which may have been reduced due to increase in trading activities and large data flows in the system.
Processes – performed manually, but which are now automated and are available in the new version of the CTRM system software.
When you want to diversify your commodity portfolio and enter new geographies or expand your line of business.
There is a change in regulations or a new regulation is introduced.
A new strategy or complex deal pricing mechanism needs to be embedded into the system.
Large amount of data needs to be integrated to profit in a world of shrinking margins.
Operational losses are increasing because of manual processing of some businesses – critical processes like mark to market valuations, trade validations, batch processing or EOD processing.
CTRM software systems are complex and it becomes necessary to follow the advice of expert commodity consultants and developers to drive you smoothly through system upgrades while you focus on your core business.
At Value Creed, we take pride in delivering successful system upgrades for our clients in commodity markets. With a team of highly skilled and professional consultants with a cumulative experience of 80 years, we provide expert functional and technical support in CTRM software system upgrades.
Considering a CTRM software system upgrade? Partner with us to know more about how we can help you achieve your business goal and targets, on time and well within budget.
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