Centrica Energy Deploys Endur for Energy Trading and Risk Management - Redorbit
Centrica Energy CEthe division responsible for managing all upstream assets within Centrica PLC, the FTSE energy company, has implemented Endur, OpenLink's www. CE will use Endur to manage traditional front, middle and back-office functions for complex power and gas contracts, as well as positions in coal, emissions, oil and weather products across its integrated energy operations in the UK and Europe.
Endur is OpenLink's award-winning front, middle and back-office solution for trading, risk management and operations for the energy sector.
In a recent software survey by 'Energy Risk' magazine, OpenLink's Endur was awarded first place in 13 out of 20 categories by industry users including 'Integrated Trading and Risk Management', 'Trade Execution', 'Portfolio Management', 'Modeling', 'Risk Metrics' and 'Physical and Financial Integration. CE has deployed Endur's Connex XML based integration framework to provide an interface for trade confirmations to European Federation of Energy Traders EFET eCMS members that will enhance CE's straight-through-processing STP capabilities and system-enforced business controls, reducing operational and financial risks.
OpenLink partnered with The Structure Group Structure for the implementation and the team leveraged industry-leading domain and systems delivery expertise from the two companies with great success. Structure has been engaged by CE as their strategic delivery partner for "Atlas", CE's business transformation program across a number of interrelated projects covering the entire wholesale energy value chain.
The three companies established an effective tripartite "relationship of equals" to ensure the particular strengths of each were exploited to their maximum potential in the delivery of the solution. Constantine Vaitsas, Atlas Transformation Director of Centrica Energy noted, "The Endur system enables us to improve efficiencies through instruire forexebug of common processes best way to make money in runescape non member increased automation, reducing our costs and improving overall management of our business through enhanced data consistency.
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Using Endur, our traders will see enhanced position and risk reporting, providing them with quicker and more accurate decision support. OpenLink have created greek stock market holidays excellent tool for our business endur energy trading system we are starting to realize substantial benefits across our operations.Commodity Trading and Risk Management
Mohamed Mansour, MD of The Structure Group in Europe added: Delivering business benefits on a project like this is not dependent solely on a willing client, or a great system, or a strong systems integrator; you need endur energy trading system three, and that is what we had.
CE have been a terrific client from day one -- recognizing the priorities and being clear in their requirements; OpenLink has delivered a world-class system, which validated CE's decision to select them; and Structure brought market-leading experience and methodology for implementing energy trading and risk management systems. Kevin Hesselbirg, CEO of OpenLink remarked, "We are pleased to have delivered Centrica Energy stock trading canada dummies gains in efficiencies and cost savings while reducing operational risk and augmenting CE's trading capabilities in new markets.
OpenLink's implementation partnership with the Structure Group has been a definitive success and we look forward to a lasting and mutually beneficial relationship between our respective organizations going forward. Founded inOpenLink is a leading developer of cross-asset trading, risk management, and operations processing software solutions. The Structure Group is a top-tier international consulting and software company integrating people, processes and technology to help companies participating in the deregulated energy and financial services industries outpace change.
Since its inception inStructure has grown to over professionals globally.
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In the energy space, Structure's solutions span both the wholesale and retail links of the energy value chain. Their European energy client list includes many of the major blue-chip energy companies in the UK and Northern Europe including Barclays Capital, BG Group, Bord Gais, BP, British Energy, Centrica Energy, ConocoPhillips, E.
ON, EdF Energy, Electrabel, Eneco Energie, ESB, Gaz de France, International Power, Nuon, RWE, Scottish Power and Shell Energy Trading. Structure's US client list includes: Centrica Energy CE is part of Centrica plc, a leading integrated energy company which owns British Gas in the UK, Direct Energy in North America, CE plays a vital role in delivering Centrica's strategy by sourcing gas and electricity to supply Centrica's residential and business customers in the UK and Europe.
Their operations include upstream gas production and exploration, electricity generation, renewable asset, operations, wholesale and industrial gas sales, energy trading and risk management, energy procurement optimisation and scheduling. Home Videos Images Science Space Health Technology. April 29, Centrica Energy Deploys Endur for Energy Trading and Risk Management by Sam Savage. Advertising About Us Contact Us Privacy Statement Terms of Service Abuse Reporting Jobs.