October 8, 2015
Leading global cloud vendor Aspect has been recognized for its innovative technology winning for the second year in a row the coveted award for “Technology House of the Year” by Energy Risk Asia in its annual awards ceremony this week in Singapore. It’s the fourth consecutive year Aspect has brought home a key award, with past wins for top ETRM software.

See Energy Risk’s story on Aspect here: http://www.aspectenterprise.com/wp-content/uploads/energyriskasia_2015.pdf

Technological advancements have driven Aspect ahead of the industry since it began as the only web-based ETRM offering 15 years ago, followed by its then innovative Blackberry solution, which was the first mobile offering of its kind. Now Aspect is set to create another first in its Any Cloud choices. Currently Aspect solutions are available as either Aspect-hosted software-as-a-service (SaaS) or hosted in user organizations’ own private clouds. Soon support will be added for a third hosting option, public cloud, which employs third party cloud providers such as Amazon, Microsoft and Google. Read more about Aspect Any Cloud here http://www.aspectenterprise.com/pick-a-cloud-any-cloud-aspect-unveils-flexible-cloud-ctrm-hosting-strategy/

Aspect customers cite the AspectCTRM flagship product to have many benefits due to its underlying modern technology. According to users, “Deployment is fast and headache-free,” “The standard level of functionality including position management tools are easy and intuitive to use.”

New client Indian refining and marketing subsidiary, Essar Oil (UK) Limited, noted Aspect’s modern technology stack for allowing for painless integrations with several inhouse solutions, including Essar UK’s refinery and planning system, SAP ERP and its curve management.

“Asia-Pacific is very important to our plans and our business there has continued to grow at a faster rate than other regions each year since we entered,” says Aspect’s London-based CEO Steve Hughes.

“Targeting tier-two and smaller commodity players, Aspect’s customer base in Asia is skewed towards physical traders, such as Japanese commodity trading houses, which are currently benefitting from the increased market volatility,” says Hughes. “The smaller, more nimble trading companies need volatility for their arbitrage strategies to work and so the current conditions are good for them,” he says.

According to Aspect Asia-Pacific Vice President Roddy Macnab, “We grew our Asia business by more than 10% in the last 12 months, adding two metals trading clients in Japan, one quite sizable, along with the Essar deal. We’re also expanding our solutions with new features all the time including in our latest AspectCTRM 15.2 release which features significant enhancements in precious and base metals, natural gas and concentrates, and also technological advancements in in-memory processing, reporting and more.”