Multi-commodity trading and risk management Cloud solutions provider Aspect Enterprise Solutions today announces the completion of a key new integration project for the Singapore-based energy trading arm of Japan’s giant Itochu Group. Itochu recorded revenues of $42Bn for fiscal year 2011 and is one of CNN’s 500 top global companies.
The integration, achieved through Aspect’s Web services layer, seamlessly links the trader’s established AspectCTRM system with its own in-house IDEAL back office and operations platform. For Itochu it means one unified point of data entry, helping eliminate errors and avoid unnecessary data duplication. The integration work was completed on time and within budget by Aspect’s own project team.
“AspectCTRM has been a valuable part of our trading operations for some time and the integration with our own systems will result in increased efficiency and better accuracy across the trading activity,” said Itochu’s Shinya Hasebe, Senior General Manager, Middle Distillates and Gasoline Department. “It also illustrates how flexible Aspect’s software-as-a-service architecture can be in meeting user organization’s individual needs.”
For Aspect, CEO Steve Hughes said the integration project at Itochu was yet one more example of how the AspectCTRM platform can be leveraged to deliver still further value to organizations deploying it. “Stand-alone, the AspectCTRM solution is a powerful asset for traders across multiple commodities. When integrated with established enterprise applications it becomes a seamless part of business processes, enhancing workflows in ways that legacy CTRM applications simply cannot.”
Built on the Software-as-a-Service (SaaS) architecture, all of Aspect’s applications are delivered in the Cloud. Their inherent scalability and the speed with which they can be deployed contrasts dramatically with traditional ETRM/CTRM software systems which typically take a year or more to implement and which fail to effectively scale downwards to support smaller trading operations.
Even in a large scale fully end-to-end implementation, key elements of the company’s flagship AspectCTRM trade and risk solution, including deal capture and risk analysis, can be in place, working and delivering value within a matter of days. Successive additional elements then go live as the progress of integration projects allows.
