White Papers Value Study: Investing in ETRM / CTRM in Turbulent | Page 3
Value Study: Investing in E/CTRM in Turbulent Times
A ComTech Advisory Whitepaper
E/CTRM BUSINESS BENEFITS
The benefits provided by a modern and well-deployed E/CTRM solution are wide and varied, but
unfortunately, not often measured. They include the
following,
Focus on core competencies – A pre-packaged solution along
with expert guidance from the vendor’s expert staff, frees up user staff
to stay focused on business processes and delivering value.
OPERATING EFFICIENCY/
COST AVOIDANCE
The availability of a golden copy of data in a single E/CTRM streamlines regulatory compliance, reduces the cost of building data extracts
for externally managed compliance processes, and helps ensure full
and accurate compliance with mandates.
Automation of complex and routine tasks and business processes eliminates manual processes and
reduces costly errors. A reduction in training and
support costs can also be achieved by consolidating
those processes onto a single platform. Users and
their companies benefit from the shared knowledge
provided to them as a part of a vendor’s user group.
Today’s leading E/CTRM solutions will also provide
the necessary tools and analysis to assist in optimizing physical assets, improving operational efficiencies and improving profitability.
RISK MITIGATION
A good commercial solution can help mitigate many
forms of risk exposures, including price, credit, legal,
regulatory and operational risk all supported by an
audit trail of actions.
REGULATORY COMPLIANCE
DATA ANALYTICS
Improved and ro bust analytics result in better decision making.
CUSTOMER RELATIONSHIP
MANAGEMENT
The comprehensive coverage of physical and financial instruments available in the leading commercially available systems expands the range
of products that user companies can offer to their customers, and with
quicker time to market. Having consolidated data on one platform with
advanced reporting capabilities allows businesses to better understand
the profitability of their individual clients.
IMPROVED EMPLOYEE SATISFACTION
CAPITALIZING ON CHANGE
A singular, comprehensive solution can deliver a significantly better user
experience as compared to spreadsheets or disparate homegrown solutions, helping to minimize data entry errors and improving productivity.
A vendor supplied and supported solution can provide advanced and newly required functions and
features more quickly as compared to outdated or
disparate homegrown solutions, ensuring the business has the capability to respond quickly and appropriately to opportunity and mandates.
Plainly, these are just a few of the benefits that might be gained using
one of the better commercially available E/CTRM solutions on the market. In the end however, the actual benefits that may be accrued will
depend on the capabilities of the commercial solution, the quality of that
vendor’s support and the quality of the deployment/implementation.
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