Aspect Enterprise Solutions Wins CTRM Deal With Geneva-Based Integral Petroleum
Black Sea and Mediterranean distribution specialist Integral Petroleum has moved from paper-based to Web-delivered trade capture in a first-phase deal with Aspect Enterprise Solutions (AES).
The Geneva and Moscow-based trading house, which deals in crude oil, petroleum products and LPG, selected AES's AspectCTRM solution to help it more efficiently manage a growing volume of business.
Director of trade risk Maxim Bekenev says AspectCTRM offered Integral a rapid and cost-effective route to automated trade capture, with a clear upgrade path for inclusion of middle and back-office functions later this year. “AES has made software as a service (SaaS) CTRM come of age and when we compared its cost and speed of implementation against the enterprise software model, it was very clear which way we should go.”
Founded in 2008, Integral Petroleum (http://www.integral-petroleum.ch/) has a distribution network serving countries around the Mediterranean and Black Sea. It specialises in the transportation and logistics of crude oil, petroleum products and LPG, together with financing, and risk management.
Aspect Enterprise Solutions provides enterprise class market information, trade and decision support tools for energy, metals and commodities professionals. The company delivers near real time position keeping, risk management, market prices and intelligence to users virtually anywhere, anytime. Trusted by over 500 corporations in more than 80 countries, the company's solutions routinely support more than $10Bn of transactions every day. They go live quicker, fit more exactly and deliver greater ROI yet cost far less to implement than first generation offerings.
AES applications include AspectCTRM®, its flagship full-featured commodity trading and risk management enterprise suite for front, middle and back office. Aspect TradeFlo deploys out-of-the box in just a few weeks. This CTRM lite edition is designed for small to mid-size trading, supply and end-user companies with smaller budgets and less complex requirements. As companies grow, and demands for more features expand – it easily scales to meet those requirements. AspectDSC is its decision support center for traders offering oil, metals and agricultural market news, prices, futures and analytical tools on desktops and mobile devices including Apple® iPhone® and iPad®, and BlackBerry®. See http://www.aspectenterprise.com for more information.