Energy Trading and Risk Management (ETRM) Solutions
The right approach to Energy Trading and Risk Management (ETRM) can help control exposure, absorb risk and deliver organizational stability
The energy marketplace is becoming more competitive. Energy prices are becoming more volatile. Margins are dropping even as capital investments required are growing. Trading, regulatory and governance requirements are becoming more stringent and the vast amount of data being generated across the energy value chain is making Energy Trading and Risk Management (ETRM) a more complex task. The challenge is to use technology so that the organization's ability to manage and analyze the data from oil wells, retail outlets, vendors and partners, impacts trading and risk management and makes it a competitive advantage.
ETRM calls for strategic thinking and solution implementation that address risk, operating models and business needs. Our teams at Wipro which have experience working in refineries, Oil & Gas retail and energy trading, work closely with financial experts to create winning solutions for our customers. As a strategic partner for two of the world's five Oil Super Majors, our specialized ETRM team is focused on applications development and support with a clear emphasis on legacy system management.
Product Capabilities: Extensive exposure to OpenLink, Allegro, Ventyx and PVM across 35+ programs
- Product Consulting Services
- Product Integration
- Product Implementation
- Product Support
Business Capabilities: - Intuitive Trading System
- Master Data Management
- Risk & Compliance Management
- Integration Framework
- Analytics
Services: Addressing Front Office, Mid Office, Logistic and Scheduling, Back Office (invoicing and settlement) and Integration and Interface
- Project Execution
- Application Development
- Application Support
- Managed Services / SaaS
Pricing is one of the most powerful and underused strategies for growth in any business. Most companies focus on metrics other than price: fixed and variable costs,
revenue or increase in unit sales, decreases in inventory.
This paper highlights the need for standardization and transformation of IT services within the process control domain. The paper draws on first-hand experience of Wipro in providing such services to multiple Energy super-majors and capabilities as a system integration partner for key process control system vendors within the Manufacturing domain.
This paper provides best practices to be followed to manage massive upstream data efficiently. This study matches various problem symptoms with appropriate measures, thereby providing a upstream data management roadmap.
This paper pierces through different layers of safety challenges in upstream and downstream operations and provides best practices to counter these challenges.
