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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Enhance Inventory Management with RightAngle Customizations
Looking to view and analyze live inventory data across multiple terminal locations?
With RightAngle customizations, you can now streamline the inventory reporting process by creating multiple reports that provide users with comprehensive insights into their inventory positions. The real-time reporting capabilities of our customizations help to proactively manage inventory positions and mitigate any potential risks. Users can now quickly view and analyze the live inventory data across multiple terminal locations, which is further drilled down to the tank level, which enables better-informed trading decisions and improves operational efficiency.
Pre-Customization Challenges
Manually comparing the terminal inventory data with the inventory transactions in the RightAngle recon groups
Reconciling inventory transactions in the Recon groups requires multiple dedicated resources to compare data from various sources, including terminals and 3rd party applications
Updating the physical inventory maintenance with inventory balances from various storage facilities at multiple locations
Inventory data from different reports were being copied/exported from the RightAngle by the users into an Excel sheet manually daily
Value Creed's Diverse Customization Solutions
Customized jobs and reports help to make the inventory management process more efficient by providing the users with the necessary inventory data in a timely and accurate manner. The custom reports eliminate the need for manual searching and sorting through multiple reports, saving time and reducing the risk of errors. They are designed to automate inventory updates, ensuring that the data is accurate and updated, reducing the risk of missed trading opportunities and operational risks.
Below are the custom jobs that can be developed for the users which can streamline the BUSINESS PROCESS immensely:
Custom Physical Inventory Balance jobs in RightAngle automate the input of daily tank readings, saving time and reducing errors. They calculate total volume accurately for specific products, locations, and deal details. Bottoms readings prevent tank levels from dropping too low, ensuring smooth operations. The Recon Tool enables efficient month-end closing by reconciling inventory. These jobs can import inventory data from different file formats, enhancing their versatility. Overall, they improve inventory management, streamline processes, and increase accuracy in RightAngle.
The custom job, Terminal Inventory, streamlines the import of terminal data files into the RightAngle system. It automates the process by receiving the data file, handling various formats, and importing it into a staging table. The data is validated and a .csv file is generated with valid BOL information. This file is used for inventory reconciliation. The automation saves time, reduces errors, and eliminates the need for manual data import.
The Terminal Inventory Recon job compares terminal movement data with inventory transactions in RightAngle. Previously, relying solely on RightAngle calculations led to discrepancies between displayed and actual inventory data. This manual process was time-consuming and error-prone. The custom solution automates the import and comparison of terminal data with inventory transactions. Discrepancies are flagged as “Disputed,” and missing transactions are labeled as “Missing.” This process saves time, reduces errors, and enables users to resolve discrepancies for accurate month-end inventory closing, resulting in cost and time savings.
The Auto Agree custom job automates the process of marking inventory transactions as agreed in recon groups, eliminating manual work for users. It compares terminal data with recorded transactions, marking matches as agreed and discrepancies as disputed. Missing transactions are deleted once their relevant BOLs are available. Previously, manually marking transactions was time-consuming and overwhelming. The Auto Agree job saves up to 4 hours of daily manual work, reducing resource costs. It improves accuracy and speed in month-end closing activities, ensuring a balanced inventory.
Configuring the core report distribution task, the distribution of inventory-related reports in RightAngle can be streamlined. Users can now receive the reports in the format they prefer, without having to manually export and save them for analysis. The task automatically sends the reports to users via email and saves a copy in a shared folder at specified intervals, saving a significant amount of time and effort.
The custom 3rd Party Inventory outbound job sends the inventory data such as the quantity, schedules, WACOG value, and more details from RightAngle to a 3rd party tool in a certain format that is accepted by the tool. This helps the users to maintain their data across multiple tools to aid their business. Depending on the number of transactions this can save 6 to 8 hours daily and avoid any manual errors and discrepancies.
Below are the custom reports that we have developed to streamline the INVENTORY MANAGEMENT in RightAngle for the business:
The Physical Inventory Balance Report provides an overview of the tank-level inventories that are interfaced with RightAngle through the Physical Inventory Interface. The report is generated by an aggregation task that sums up all tank readings for a given product, location, and deal detail, which are then stored in the Physical Inventory Maintenance report. |
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The Terminal Data Staging Interface report retrieves data from the terminal inventory jobs and imports it into RightAngle with complete, error, and invalid status. This report serves as a filter to ensure that only valid files and data are imported for inventory reconciliation.
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The Search Terminal Inventory Recon Interface report is a crucial tool for users to maintain a balanced inventory. This report compares the net quantity of terminal data with inventory transactions and updates the inventory recon status as missing, unreconciled, agreed, or disputed. |
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Key Results
Value Creed’s proposed solutions can make the current process efficient for the users by reducing manual efforts, improving accuracy, providing timely information, empowering better decision-making, and generating cost savings for the business.
Automation of Manual Processes
Improved Accuracy
Timely & Better Business Decisions
Cost Savings
Value Creed Services Deployed
Value Creed provides a comprehensive range of services to deliver a one-stop solution that meets the client’s needs and improves their business processes.
Business Analysis
The process of understanding the client's business requirements, gathering information, and analyzing data to identify areas for improvement.
Data Integration
Integrating data from multiple sources and developing data integration solutions to ensure the accuracy and completeness of the data.
Solution Design
Creating a solution design that meets the client's requirements and incorporates best practices for optimal performance.
Quality Assurance & Testing
Ensuring the quality and reliability of the developed solutions through rigorous testing and quality assurance processes.
Custom Reports & Jobs Development
Developing custom solutions in the RightAngle tool to automate and streamline the client's business processes.
Project Management
Managing the project and ensuring that it is completed on time, within budget, and meets the client's requirements.
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Maximize Cash Flow Accuracy with Efficient Cash Application & Disbursement Management
Managing cash flows efficiently is crucial for any business’s financial success. That’s why RightAngle’s Cash Application & Disbursement module, available from version S20 onwards, is designed to streamline cash management processes and ensure accurate management of cash flow, leading to improved bottom-line results. Let’s explore the various advantages this module offers:
Automate and Minimize Errors
By automating the cash application and disbursement process, manual effort is significantly reduced, resulting in fewer errors. This streamlining not only saves time but also enhances accuracy, ensuring that cash is applied to the right invoices and receivables efficiently.
Seamless Integration with RightAngle Modules
RightAngle's Cash Application & Disbursement module seamlessly integrates with other RightAngle modules, providing comprehensive cash management capabilities. This integration allows for a holistic approach to financial management, enhancing overall operational efficiency.
Enhanced Visibility into Cash Position
With this module, businesses gain valuable visibility into their cash position. They can access crucial information, such as bank details and cash availability reports, empowering them to make informed financial decisions promptly.
Effective Management of Open Items
The module includes powerful tools for creating write-offs and managing open items effectively. This feature improves the accuracy and transparency of financial records, reducing outstanding balances and enhancing overall financial control.
Aging Reports and Accounting Control Panel
RightAngle's Cash Application & Disbursement module offers aging reports that provide a clear overview of receivables, payables, and cash flow. Additionally, the accounting control panel provides greater transparency and control over financial operations.
It is a one-stop shop that enables businesses to be more transparent and efficient in terms of cash management. Businesses would be able to apply cash received to invoices and other receivables, send cash disbursement data to financial institutions, Report on Open Cash, Open Receivables, and Open Payables, and maintain more detailed Bank and Bank Account information.
Business Issues
A business using a third-party tool connected to RightAngle through an interface may face challenges related to inefficiency and limited visibility into its cash flow. To fully address these challenges and improve the efficiency and accuracy of the cash management process, it would be necessary to fully implement RightAngle’s Cash Application & Disbursement module.
When interfacing with a third-party tool, the client would need to set up and maintain a new database. This can result in inefficiencies, such as errors and delays in managing and reconciling data between multiple systems. These inefficiencies can lead to increased operational costs, impacting the company’s financial performance.
Without an integrated automation solution like RightAngle’s Cash Application & Disbursement module, businesses may struggle to efficiently handle a growing customer base. As the number of transactions and customers increases, managing cash flows through a separate tool becomes more challenging and time-consuming. This limitation can hinder the organization’s ability to scale its operations effectively.
A separate tool for cash management may not provide the necessary data analysis capabilities. Without accurate and up-to-date information on their cash position, organizations may face difficulties in making informed business decisions. Real-time insights into cash flows, payment trends, and forecasting are especially crucial in this capital-intensive industry.
Operating with a separate tool means the business does not have a complete view of its cash flows and financial position. This fragmented view can complicate decision-making processes, as critical information may be scattered across different systems and difficult to consolidate This can hinder effective financial management and strategic planning, potentially leading to suboptimal decision-making in areas such as investment, project financing, and operational budgeting.
Implementing a Customized Cash Application module in RightAngle
The implementation of these customized solutions can have a positive impact on the company’s cash management operations, reducing operational costs and increasing customer satisfaction.
Our team at Value Creed has built an interface to apply cash in bank, by this the company has streamlined the cash application process and reduced manual errors.
The Sample bank BAI file inbound task developed by the VC team involves the automated loading of vendor draft files into a designated location, followed by the extraction of payment information from the records. Payments are then loaded into a staging table for further processing
Task scheduler – Sample Bank BAI file |
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Further, it is then added to the Search Available Cash Report under the cash application and disbursement module for tracking and manual application to open receivables using the Cash Application Tool
Search Available Cash Report |
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The team at Value Creed also has developed the EFT drafts report, using data from the cash release. It provides the company with increased visibility into its cash management operations.
The DTN EFT Drafts Interface task involves the automated loading of electronic funds transfer (EFT) draft files from DTN to a specific location. The task then extracts payment information from the records and loads them into a staging table called ‘Search EFT Drafts’, for further processing.
DTN Draft Jobs |
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The next step of the process involves attempting to match the records in this staging table to the cash release records and mark the release status of the matched records as ’Gone to Bank’. The Search EFT Drafts report also includes a section for errors, and users can review the status and errors in this report.
Search EFT Drafts |
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Overall, the DTN EFT Drafts Interface task streamlines the payment management process and ensures accurate tracking of payables, and using the Search EFT drafts report a better visibility is provided for the users on their cash management process.
Cash Release Management |
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Benefits of Implementing the Module
User-friendly & Intuitive
Eliminates Licensing Fees, Lowering Correction & Rework Costs
Automates Cash Application & Disbursement Process
Visibility into Cash Position
Match & Reconcile Payments and Disburse Financial Data
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Optimize Your Data Management for Efficient Business Processes
With RightAngle handling large amounts of data, such as trade transactions, market prices, and risk positions on a daily basis it is necessary to regularly remove redundant data to prevent slowdowns and improve the overall performance of the system.
Purging and Archiving play a major role to provides a more efficient and effective way of managing old and unnecessary data, reducing the risks related to data management. RightAngle’s Purging and Archiving functionality eliminates the manual process of removing redundant data from the data table and enhances system performance.
Enhance Data Quality with Automation
Purging and archiving is a common challenges faced by organizations of all sizes. Learn more on how several impacts of the manual approach can be eliminated by implementing the RightAngle tool aiding organizations to improve their overall business performance.
Removing data directly from the database without proper backups or archives increases the risk of accidental data loss.
Over time, the database can become cluttered with unnecessary data, which can slow down the system and negatively impact performance.
Manually removing data from the database requires ongoing manual intervention, which can be time-consuming and costly.
The manual approach does not provide an auditable trail of data changes, which can make it difficult to comply with regulatory requirements.
Efficient backup and archive process, reducing the risk of accidental data loss and and recovery time is significantly reduced by up to 40%.
The solution automates the process of removing old and unnecessary data, reducing the need for manual intervention, and freeing up resources for other tasks.
The purging and archiving solution is integrated into the RightAngle tool, providing a streamlined process for managing data that is more efficient and effective than manual methods.
The solution provides an auditable trail of data changes, making it easier for organizations to comply with regulatory requirements.
Read More About Our Implementation Success
This case study highlights how Value Creed solved Space and Performance issues for a RightAngle Downstream Company
Comprehensive Data Management with Value Creed
Value Creed’s custom approach is built on the RightAngle tool, which provides a comprehensive and integrated data management platform. With popular beliefs on data being kept indefinitely, or that purging data is a complex and time-consuming process.
We can help you with our broad expertise to automate the purging and archiving process, making it more efficient and reliable by reducing the job completion time by 20%, while also ensuring data privacy and security.
Value Creed's Approach to Resolve Complexities in the Process
Leverage our Expertise to Ensure Successful Implementation
Value Creed offers a range of services related to purging and archiving in the RightAngle tool. These services include implementation, training, support, and ongoing maintenance in RightAngle. With our wide expertise in the industry, users can benefit from our services with the right solution for their data management needs, reducing costs, improving system performance, and enhancing data security.
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Archiving and Purging Strategies
The purging and archiving solution in the RightAngle tool uses an automated process to move inactive data from the production database to an archive database. The process is designed to be simple, efficient, and scalable, with minimal impact on system performance increasing. The data is securely stored and easily accessible for retrieval allowing better use of their data.
Archiving in RightAngle
RightAngle provides the ability to archive data that is no longer actively used to a secure storage location. This can help improve system performance by reducing the number of rows in the tables and prevent any negative impact on the system due to a large volume of data
Purging in RightAngle
RightAngle provides functionality to configure the purging to control the record retention settings for the various log and archive tables within the system. It also provides the ability to define retention periods for specific custom tables.
Understanding the Implementation Strategies
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Key Benefits of Archiving and Purging Strategies
System Performance
- Effective management of the stored data in the database.
- Ensures an efficient system operation and prevents data overload by reducing the volume of data and freeing up to 50% of disk space.
Data Management
- Provides a superior data management experience by allowing users customization options.
- Ensures only essential data is retained, resulting in an optimized data management solution and also reduces recovery time by 40%
Storage Cost Savings
- It helps companies to reduce 50% of storage costs by removing unnecessary data from the custom and core tables, reducing the amount of data that needs to be stored.
Compliance
- It help companies to comply with regulations regarding data retention in energy companies by providing a secure and controlled way to remove data from the system.
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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: