Opportune LLP was engaged by a Fortune 50 independent refining and marketing downstream company (“the Company”) to advise on a build vs. buy analysis, software selection, and subsequent implementation project for an enhanced energy trading and risk management (ETRM) technology capability. The Company is an international manufacturer and marketer of gasoline, distillates, jet fuel, asphalt, petrochemicals, lubricants, other refined products, as well as biofuels.
The scope of services performed for the client by Opportune’s professionals included:
As a result of the TriplePoint CXL platform implementation, the client was able to retire a 10-year-old, custom position management system and replace it with commercially available and supported trading and risk software. In addition to the legacy solution retirement benefits, the new integrated solution set enabled enhanced reporting and analytics, including forwarding P&L, trader performance measurement, estimate-to-actual comparison, and improved trading-to-accounting P&L reconciliation while also streamlining the deal-entry process.
Whether it’s deploying major trading platforms, analyzing market opportunities, managing financial reporting, or developing information technology strategies, Opportune’s team of professionals has the depth of energy expertise and industry knowledge to assist trading organizations and their partners in achieving their strategic vision. We have a unique combination of professionals with specific commodities trading skills along with consulting, technology, and operational experience. For more information, CLICK HERE.
When you choose Opportune, you gain access to seasoned professionals who not only listen to your needs, but who will work hand in hand with you to achieve established goals. With a sense of urgency and a can-do mindset, we focus on taking the steps necessary to create a higher impact and achieve maximum results for your organization.Leadership