Multi-commodity ETRM ’ s are becoming too expensive
A ComTechAdvisory Whitepaper
INATECH ’ S TECHOIL – A PHYSICAL OIL TRADING & FINANCE SYSTEM
In terms of the latter approach , an example of a cost-effective , functionally-rich , commodity-specific ETRM solution is Techoil . Inatech , a Glencore company , has brought a solution to market called Techoil ETRM that is focused on the crude oil and refined products supply chain and commodity management . Techoil ETRM is an integrated , end-to-end cloud software product designed to help companies to streamline trading , hedging , operations , and inventory , credit , cash flow , while also assisting them to manage risk and operate complex integrated supply chains for crude products , distillates , petrochemicals and bunkers . It is a cloud-based solution that can be implemented rapidly and at a lower cost than many traditional ETRM solutions .
It is an example of a physical commodity and supply chain focused solution that offers the depth and breadth of functionality required to support a complex physical commodity while delivering on features that improve security , trust , and auditability such as sophisticated workflow , an easy to use user interface , controls and audit trailing at an affordable cost to even the smallest of businesses . The solution ticks the boxes of a strong , physical commodity and supply chain solution having ,
/ An intuitive user interface with strong workflow integration making it easy to use and with fewer user entry errors ,
/ Front to back office integration tracking key items such as profit and costs across the supply chain helping to reconcile trade profit with accounting profit ,
/ Significant supply chain focus with an integrated optional ERP accounting module for greater integration across the supply chain .
/ Strong controls and workflow for auditability
Techoil belongs to a new breed of commercially available solutions as it focuses on the entire supply chain for a specific group of important commodities - not just trading and risk , and it is low cost and fast to implement . Cloud solutions also deliver a number of other benefits that are increasingly being sought by buyers including the ability to switch capital expenses to operating expenses as well as the ability to scale on demand and increased agility .
Inatech ’ s focus on oil and related commodities over the years , backed by the real-world experiences of its client base and owner , means that it has brought to market a highly-focused solution for the trade , movement , operations and accounting for those commodities . As a recent entrant , it has also been afforded the opportunity to build in a modern scalable , cloud-oriented architecture with a highly usable UI and comprehensive attention to workflow and audit requirements . Inatech ’ s solution represents one approach to solving the CTRM conundrum . It offers more in-depth functionality than a multi-commodity solution and is delivered quickly and cost effectively in the cloud . It is a good example of s singular commodity solution approach discussed in this paper .
© Commodity Technology Advisory LLC , 2018 , All Rights Reserved .