CTRM / CM as an Architecture A ComTechAdvisory Whitepaper
In that regard , we believe the following statements need to be taken into account :
/ Transactions are best managed in a transactional data management environment ; however , calculations are best handled differently using in-memory technology or other approaches .
/ The same data needs to be captured , analyzed , and reported on in multiple different ways to different users and third-parties .
/ Regulatory reporting is complex with questions regarding eligibility of trades and associated data to be reported , jurisdiction , and other issues . Unfortunately , much of the reporting structures will also change as second and third iterations of regulatory requirements like REMIT and EMIR appear .
/ Integration of different point solutions is more practically achieved in the context of an overall architecture .
/ Each commodity is different and simply building sufficient flexibility into a singular monolithic solution to provide all users and industry segments what they require , regardless of commodity , has proven extremely difficult and frankly , no vendor has actually accomplished it . A best of breed approach , even if those commodity-specific solutions are provided by the same vendor in a truly modular approach , is ultimately the correct path for most user companies .
/ A commodity-specific solution must also support the specifics of the supply chain for that commodity including logistics – the physical assets ( vessels , warehouses , tanks , etc .), documentation , taxation , etc .
/ Users want and expect straight through processing , with no manual intervention as data moves between and among the “ modules ”.
/ True connectivity / integration with a wide variety of other systems , organizations , and data sources will be required and must be facilitated by advanced integration tools – a goal long been sought but so often not delivered .
The architectural approach provides the detailed commodity-specific functionality ( via point solutions ) within a framework that extracts and consolidates common data , complex calculations , enterprise risk reporting , regulatory reporting , and corporate accounting .
In essence , most vendors in the CTRM space provide point solutions and parts of the architecture but few support the concept of CTRM as an Architecture today .
That being said , recent conversations with a few of the
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