Research ETRM / CTRM in the Cloud | Page 27

CTRM in the Cloud
wouldn’t be in businesses if the issue weren’t addressed. As a result, security in the Cloud is often better than
that found on-premise.
All things considered, high levels of security should now be synonymous with Cloud; it is a Cloud provider’s bread
and butter. At Brady, the subject has always been of unparalleled importance and as a result we have made sure
our Cloud platform is as watertight as possible. We currently have in place a multi layered system incorporating
an array of tools and techniques including heavily restricted access to our physical data centres, intensive
24/7/365 intrusion and threat detection, firewalls, malware protection, server and network monitoring and
hardening techniques. Our Cloud offering is fully ISO207001 compliant, which means it adheres to or exceeds
more than 100 rigorous security related controls that ensure client data is safe and secure at all times.

Compliance

Compliance is a fundamentally important part of our industry, more so now than ever before. Many clients will
have compliance programs (e.g. SOX) which their internal systems need to adhere to. Cloud solutions plugging
into such an enterprise cannot compromise this and, therefore, need to be equally compliant. Fortunately,
Brady’s Cloud platform provides full ISAE3402/SSAE16 reporting, meaning it can neatly fit into a customer’s
compliance programme. The reality is that Cloud solutions which can’t offer this just won’t fly for many clients.
In contrast, Brady can not only meet these requirements, they can also allow the client to shift some of the
burden associated with achieving compliance and remaining compliant (inc. future audits) to the vendor. This
helps to reduce total cost of ownership and further strengthens the value proposition associated with the Brady
Cloud.

Conclusion

The ECTRM space is unique in that uptake of Cloud has been comparatively slow. It has always been perceived
as relatively conservative in its methods but, as margins reduce and the Market becomes more and more
competitive, the operational and financial ROI of making the transition will become more and more difficult for
businesses in the sector to ignore. It’s basic market dynamics; those maximising the potential of Cloud
technology will eventually see a positive impact on their bottom line and those that aren’t will be either forced
to follow suit or fall behind competitively.
At Brady, we are delighted by the take-up of our Cloud Solutions and looking at the sales pipeline, Cloud-based
solutions are certainly high on organisations’ list of requirements. We offer Cloud Solutions across all our
solutions from Energy Data Management, E/CTRM and cross-border power trading solutions to enterprise
solutions for recycling companies. In our view, companies should embrace the benefits offered by Cloud
Solutions as part of their continued business advancements.

Brady PLC

Riverside House – 7th Floor
2A Southwark Bridge Rd
London SE1 9HA
[phone]
http://www.bradyplc.com

© Commodity Technology Advisory LLC, 2014, All Rights Reserved.

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