Top Considerations Of Migrating CTRM Platforms To The Cloud

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Top Considerations Of Migrating CTRM Platforms To The Cloud

Why Move to the Cloud?

The CTRM Cloud provides an optimized environment for continuous innovation, scalability, and flexibility across the system. By leveraging the CTRM Cloud, businesses can enhance their performance and respond to market pressures with greater agility, all within a solution built by Value Creed. Modern CTRM database management requires the ability to scale flexibly, process data quickly, and maintain cost efficiency. Cloud-native solutions deliver these benefits, offering increased processing power, expanded storage, and lower operational costs.

Current Process Comparison of On Prem vs. Move to Cloud

In today’s evolving business landscape, organizations are increasingly evaluating the trade-offs between maintaining on-premises infrastructure and migrating to the cloud. Below is a high-level comparison that highlights the key considerations for both approaches.

OnPrem

Public Cloud (Azure)

Advantages of Migrating CTRM Software from On-Premise to the Cloud

Moving your existing CTRM software to the cloud brings several key advantages over remaining on-premise.

Faster
Deployments

Bug fixes and new functionalities are provided automatically by Value Creed’s experts.

Less IT Resources

Your in-house teams no longer have to allocate resources to on-premise CTRM management.

Low Costs for Implementation

Value Creed’s experienced consultants work effectively with every budget and platform for efficient implementations.

Savings on Licensing Fees

No third-party software, hardware, or upfront licensing fees are required to move your CTRM to the cloud.

Improved Scalability

Ensure the infrastructure can scale seamlessly to handle peak loads and future growth without compromising performance.

Compliance and Governance

Ensure adherence to regulatory requirements and industry standards during and after migration.

Scalable Architecture

Design scalable architecture that supports future growth and allows for easy integration of new features and services.

User Experience

Monitor and optimize user experience metrics such as page load times, availability, and reliability of Allegro services.

What To Consider Before Migrating to the Cloud

Retaining Applications

If an existing application provides functional value, is inexpensive to run, and aligns with your company’s technology strategy, it may be worth retaining as is and not moving to the cloud.

Retiring Applications

Oftentimes, changing business needs result in underutilized and/or unnecessary applications. Consider getting rid of existing applications that aren’t being utilized at a high rate or no longer offer needed capabilities to avoid paying for unused capacity.

Re-Purchasing or Replacing Applications

If an application can be replaced with a SaaS solution, it can lead to reduced runtime costs. Ultimately, you need to consider the customization, integration, and process options before making that call.

Re-Hosting Applications

Moving functionality to a cloud-native solution means switching to a pay-as-you-go plan. Simply shifting applications to the cloud as an IaaS (Infrastructure as a Service) when they’re not optimized for it can be cost prohibitive, running 24 hours a day at peak load. Assess whether the application be consumed on a subscription basis or outsourced to reduce load on your cloud infrastructure.

Re-Factoring Applications

If system performance may be hampered by on-premise infrastructure, determine if an application can be moved to the cloud. Calculate the impact on capital expenditures (CAPEX) and operating expenses (OPEX), as well as long-term and day-to-day costs. Consider whether you’ll be adding new products, geographies, trade types or requiring new reports. Fortunately, cloud infrastructure has little to no upfront capital expenditure. A cloud native solution also allows for elasticity, automatically adjusting to load increases or reduced usage, creating a huge cost management advantage

Re-Platforming Applications

If you can upgrade an application or replace key back-end components to enhance existing infrastructure by employing DevOps, it can result in cost benefits in terms of system runtime and maintenance overhead. Incorporating an infrastructure as code mindset into a cloud environment greatly increases storage and computing capabilities.

Advantages of SQL Database Conversion and Cloud Migration

SQL delivers cloud-based processing power at a third of Oracle’s database hosting cost for the same hosting capacity. Switching to SQL as part of your digital transformation creates value in several ways, including:

Faster, flexible, and less complex deployment

Scalability based on workflow & user demand

Vendor maintenance & user security

Reliability with lower implementation & costs

Leave Cloud Hosting and Monitoring to the Pros

Moving your CTRM platform to the cloud requires CTRM/ETRM specific expertise. Once in the cloud or hybrid cloud – managing the platform long-term can be a burden.

With our Cloud managed services, CTRM platforms perform at a 99% uptime, delivering reliability for your team and lower overall cost of ownership over the long-term. (Cloud managed service). See how Managed Services works with our comprehensive cloud offerings in the detailed video.

Play Video

How A Major North American Utility Company Achieved Successful Digital Transformation

Major North American Utility Company Achieves 60% Cost Savings with Successful Digital Transformation

Case Study

60% Reduction in long-term infrastructure costs

When a pioneering gas and electric utility company began to upgrade their CTRM, they quickly faced several challenges: outdated systems, slow performance, and extensive complex customizations. With Value Creed’s support, the company was able to achieve a 60% reduction in long-term infrastructure costs, along with 2 hour settlement run times reduced to 20 minutes in just 11 months.

Recommended Resources

On-Prem Oracle to Cloud-based SQL Server with Run Smart CTRM Managed Services

Improve your Allegro Horizon Performance by Upgrading to .NET Core version

Performance Improvements in Allegro

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