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Ensuring E/CTRM
Implementation Success
Sponsored by
INTRODUCTION
An energy/commodity trading and risk management (E/CTRM) system implementation project
is the structured process of taking a newly acquired E/CTRM software product from delivery of
code to full in production use, and in the process, meeting the business needs that precipitated
its purchase.
Implementing an E/CTRM system shares many
the real costs and project risks can quickly turn what
A ComTechAdvisory Whitepaper
the outcome?
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scripting a solution.
list.
- S
eek the opinions and experiences of system
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to avoid them.
- C
ollaborate with the vendor and/or system integrator
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in a shortage of dedicated resources from the business unit, with internal resources unable to deliver
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- M
otivate your team and reward performance. Imple-
measured.
- P
lan and budget for success by confirming that your
is provided.
CONCLUSION
As your organization addresses the complex requirements of your business, understand that the implementation
of any large scale software product is challenging. An E/CTRM solution acquisition and implementation process
is no different. Buyers can avoid some of the most common (and most costly) pitfalls simply through education
and awareness. It is critical to understand the success factors and risks involved prior to the initial selection of the
product.
Companies seeking to improve their ability to manage their businesses through the deployment of a modern,
comprehensive E/CTRM solution, such as those provided by OpenLink, will be better positioned for success.
While there are no silver bullets that will absolutely ensure success, experience has consistently demonstrated
that having 1) the right team of skilled and experienced resources, backed by an active executive sponsor, 2) an
appropriate budget, strategy, and plan, and 3) the right E/CTRM product and vendor, will be a winning combination that will best ensure a successful outcome.
Commodity Technology Advisory LLC, 2015, All Rights Reserved.
ABOUT OPENLINK
Founded in 1992, OpenLink (www.openlink.com) is the global leader in transaction lifecycle management
solutions for the commodity, energy and financial services industries. OpenLink provides a variety of
commodity trading and risk management solutions for large to small global market participants across
a wide-spectrum of asset classes. The companys solutions support the sophisticated needs of organizations that deal with cross-asset trading, complex derivatives, and portfolio management of assets or structured positions. All solutions support the basics of trading, financial risk management, physical logistics,
operations including optimizations, and accounting.
www.openlink.com
info@openlink.com
business that has grown both organically and through strategic acquisitions, to achieve revenues in excess of $300
million. The company serves over 500 clients, including
12 of the worlds largest commodity and energy companies, 9 of the largest financial institutions, and 13 of the
largest central banks. OpenLink has 1,200 employees in
14 global offices on five continents, with headquarters outside New York City and field offices in Houston, Manhattan,
London, Berlin, Vienna, Toronto, Tulsa, So Paulo, Mexico
City, Bangalore, Singapore, Dubai and Sydney.
OpenLink has received numerous industry awards and
recognition, including citations as the industry leader in
Commodity/Energy Trading and Risk Management (C/
ETRM) systems, and first-in-class ranking by Energy Risk
magazine, with analyst firms Gartner and Chartis citing
OpenLink as a leader in financial platforms.
ABOUT
Commodity
Technology
Advisory
LLC
Commodity Technology Advisory is the leading analyst organization covering the ETRM and
CTRM markets. We provide the invaluable insights into the issues and trends affecting the
users and providers of the technologies that are crucial for success in the constantly evolving
global commodities markets.
Patrick Reames and Gary Vasey head our team, whose combined 60-plus years in the energy
and commodities markets, provides depth of understanding of the market and its issues that is
unmatched and unrivaled by any analyst group.
For more information, please visit:
www.comtechadvisory.com
ComTech Advisory also hosts the CTRMCenter, your online portal with news and views about
commodity markets and technology as well as a comprehensive online directory of software
and services providers.
Please visit the CTRMCenter at:
www.ctrmcenter.com
19901 Southwest Freeway
Sugar Land TX 77479
+1 281 207 5412
Prague, Czech Republic
+420 775 718 112
ComTechAdvisory.com
Email: info@comtechadvisory.com