Achieving business agility through CTRM systems
Webinar: Openlink
This article was paid for by a contributing third party.
The panel
- Brynne Parker, Partner, Baringa Partners
- Matthew Wrigley, Engagement director, Professional services team, Openlink
- Jeremy Lock, Independent consultant
- Moderator: Stella Farrington, Senior writer, Commodities desk, Risk.net
Today’s narrow margins mean utilities and energy traders need to cut costs and improve efficiencies across the board, with standardising business processes key to lowering operational costs. Being nimble enough to move quickly into new markets and launch new products is essential for small start-ups and larger incumbents alike. A firm’s choice of commodity trading and risk management (CTRM) system will be crucial in the battle to become as agile as possible, and it is this business agility that will sort the winners from the losers.
Panellists discuss how the industry is responding to new pressures and what still needs to change. Key topics covered include:
- Market developments currently having the biggest impact on energy firms
- Industry standardisation – what has been done and how much more can be done?
- What energy firms are looking to achieve
- What firms should consider when building a business case for purchasing a new platform
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