SOLUTIONS TECHNOLOGIES ABOUT INSIGHTS CAREERS CONTACT CASE STUDY INDUSTRIES, SOLUTIONS Improving processes and efficiency through ETRM system implementation SHARE WHAT WE FACED Challenge Replace the legacy product used to manage the complex trading portfolio of a natural gas trading company. This included physical gas, natural gas storage and transport assets, financial hedging, retail customers, and asset management agreements (AMA). Due to limitations in the legacy product, most daily and monthly activities were done outside of the system, primarily in Excel spreadsheets. This created significant process inefficiencies in month-end reconciliation, particularly in scheduling, settlement and accounting activities. The legacy product had limited risk capabilities and lacked ability to value storage contracts and produce an accurate real-time trading position. This resulted in many workaround external adjustments to support day-to-day activities Implemented Technologies ENDUR BI SOLUTION (ODS) ORACLE EBS WHAT WE DID Solution MRE implemented a CTRM using a comprehensive framework encompassing the client’s lines of business: trade capture, confirmations, risk and credit management, position management, settlements, accounting and reporting. The client’s legacy system had many drawbacks and was unable to capture trade activity accurately, support valuations for complex transactions and integrate with downstream accounting system. The implementation led to an opportunity for us to guide the client to improve internal controls through leveraging proper systems and business processes. The new system enabled improved management and business insight WHAT WE DELIVERED Results The solution addressed the drawbacks from the client’s legacy system and provided significant improvements to process and efficiency. Key focus areas included realizing “straight through” processing efficiencies and eliminate effort and potential errors from human intervention and reduce/eliminate manual processing. Benefits included increasing the accuracy, timeliness, and efficacy of the following processes: Real-time position management Accurate capture of all trading activities Automated integration for accounting including WACOG Implemented Endur BI Solution (ODS) for easy-to-use reporting Real-time credit monitoring Let's Talk Bill Bucy PARTNER CONNECT Kicking Off Your Next Project? CONTACT US Related Insights INDUSTRIES Interfaith Ministries for Greater Houston – Cloud Migration to Azure SEP 1, 2021 | CUSTOMER STORY READ MORE CUSTOMER STORY Optimizing Spend through CSP Migration AUG 4, 2021 | CUSTOMER STORY READ MORE CUSTOMER STORY Building a scalable, high availability SQL environment for a utility with 10,000 users JUN 1, 2021 | CUSTOMER STORY READ MORE Get our insights sent directly to your inbox YOUR EMAIL* 3800 Buffalo Speedway, Suite 200 Houston, Texas 77098 Main (713) 844-6400 Service Desk (713) 844-6300 ABOUT INSIGHTS CAREERS CONTACT © 2021 MRE Consulting, Ltd. | Experience Results All Rights Reserved | Privacy Policy