The energy industry caters to almost every vertical in today’s hyper-connected world and has always been subjected to the constantly changing needs of companies. To ensure smooth operability, energy companies employ energy trade and risk management (ETRM) solutions to reduce costs, increase efficiency and maximize profits. Every organizational process that comprises managing complex energy trades, mergers, portfolios of various assets, mitigating external and internal risks, moderating deal settlements, and invoicing constitutes to a few of the many functions that an ETRM application offers. It is a means to conduct holistic, enterprises-wide management of all physical and financial trades alongside the lifecycle of an energy commodity.
With an estimated compound annual growth rate (CAGR) of 3.5 percent between 2018-2024, the ETRM marketplace expected to expand continually and consistently—especially in the oil and gas industry. The numerous solutions made available to energy corporations have now developed and evolved in order to deliver intraday capabilities, which promises robust and expeditious functionality throughout an organization’s workflows.
In today’s digital ecosystem, it has become critical for CIOs to choose proper technology and select best vendors that are at the forefront of efficiently tackling the challenges across the ETRM realm. To help CIOs negotiate this now burgeoning landscape, Energy CIO Insights’ distinguished panel comprising of CEOs, CIOs, VCs, industry analysts along with its editorial board have reviewed the most promising ETRM solution providers and shortlisted the ones spearheading the charge towards fulfilling the urgent demands of the industry. The listing offers a look at how these solutions are put to use, thereby enabling business leaders to gain a comprehensive knowledge as to how they can strategize growth.
In this edition we present to you the “Top 10 ETRM Solution Providers in UK – 2019.”
