Energy Risk Software Rankings 2017
Top of the pick of ETRM vendors, implementation specialists, data vendors and data managers
With energy markets changing dramatically over the past 12 months, firms have had to adapt their technology systems for new market realities. Here, Energy Risk celebrates those software venders who have helped the industry evolve with the challenges and opportunities in the market, in the Energy Risk Software Rankings 2017.
This year’s rankings are as illuminating as ever, and point to the progress of a number of growing players as well as highlighting a competitive edge among those more established in the market. In Best overall ETRM platform, FIS moved from third position in 2016 to lead the field this year, while pulling ahead in a variety of other categories. In the data providers and management sections, S&P performed well across the board, as did Drillinginfo and other well-established providers who have clearly focused on staying ahead of the game.
Among the compliance tool vendors a number of changes occurred from last year, and in the implementation specialists section Sapient and Accenture both performed well.
The Energy Risk Software Rankings were conducted in tandem with the 2017 C/ETRM software survey.
Methodology
To compile the Software Rankings, respondents were asked to vote for their preferred software vendor, implementation specialist, data management firm and data provider in a variety of categories. All votes were carefully checked and invalid votes stripped out. Examples of votes considered invalid are people voting for their own firm or using a free internet-based email address, multiple votes from the same person or IP address, and voters who chose the same firm indiscriminately throughout the survey. Following closure of the poll, the results are subject to an internal review process, which can result in categories being dropped or aggregated if they do not have enough votes.
The results were then analysed and validated by Chartis Research using its RiskTech Quadrant methodology. This methodology has been developed specifically for the risk technology marketplace and takes into account vendors’ product, technology and organisational capabilities using a variety of sources including evaluation forms, vendor briefings, end-user feedback and publicly available information.
To view the full results of the Energy Risk Software Rankings 2017, click here
More on Risk management
LNG trading strategies set to change amid major market shifts
The global LNG market is on the brink of significant changes set to alter trading dynamics and market behaviour, say analysts
Why commodity finance is ripe for stablecoin
Digital currency brings cost efficiencies to financing, but its real benefit to commodity firms lies in making huge pools of new capital available, write Jean-Marc Bonnefous and Ronan Julien
US shutdown leaves commodity traders without key data
Commodity traders are ‘flying blind’ without Commitment of Traders reports
Energy Risk at 30: Learning from the past
Energy Risk looks back at the seminal events and developments that have shaped today’s energy markets
Past disasters can prove the value of energy risk management
Analysing failures and losses at energy firms can underscore the value of consistent, high-quality risk management
How quants shaped the modern energy markets
The business models of today’s utility firms are built on quantitative analysis, but the introduction of these techniques in the 1990s was far from smooth
Interview: Vince Kaminski
Market veteran Vince Kaminski discusses the biggest risks to energy firms today and whether risk teams can ever prove their value
Mounting risk prompts refocus on integrated energy risk management
Energy firms are facing heightened risk due to shifting geopolitics, climate change and the energy transition. As market, credit and enterprise risks ramp up, the need for improved integrated risk management is growing, say risk managers
