Reports Sourcebook 2015 - CTRM Software Suppliers | Page 34
SourceBook of CTRM Vendors and Products
©Commodity Technology Advisory LLC
Company Description
Founded in 1994, Entero develops software for the energy industry. Entero ONE (E1) is the third generation of Entero’s legacy software
platform, EnteroVision, and the system supports Natural Gas Liquids (NGL) and Oil and Gas midstream operators, marketers, and distributors.
E1 manages multiple core functions, including trading and marketing, risk management, scheduling and logistics, production accounting, plant
allocations, joint venture, and financial accounting.
Utilizing a single shared data structure that supports both operational and accounting requirements, E1 minimizes a lot of the systems
integration, costly implementations, and ongoing maintenance that is typically associated with systems of this nature. E1 tracks the molecule,
to the component level, from field to financials.
E1 differentiators:
- Manages the operations for all primary business functions, and simultaneously automates the accounting throughout to reduce the
ongoing reconciliation work for exceptions and temporal differences (i.e. PPAs)
- Distinctly designed from the bottom up, with a flexible modeling tool to maximize configurability (regardless of company size)
- Clients can utilize the full system, rather than paying or implementing traditional modules. E1's single source code is configurable and
eliminates the need for costly customization during implementation and product upgrades
- Like a smart phone, E1 helps companies unite key business functions in a single solution to deliver speed, quality of information, seamless
processes, and immediate value
Entero ONE currently provides best-of-breed functionality for:
- Contract management
- Complex formula prices
- Scheduling, logistics, and fleet management
- Inventory valuation (Activity Based Costing)
- Profitability reporting
- Mark to market reporting
- Taxes and invoicing
Delivery Methods – Traditional License, Hosted, Monthly Lease
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Accounts payable and receivables
General ledger and consolidated financial accounting
Plant allocations
Production, revenue & royalty accounting
Midstream fees and accounting
Fixed asset accounting
Joint venture accounting
Number of Licensed CTRM Client Companies – 20
Representative Clients – Energy Transfer, Shell, Spectra, Dominion, Murphy, Texon
Office Locations and Phone – Canada 1.403.261.1820
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