We were intrigued while reading the latest issue of Energy Risk Magazine which featured the 2013 ETRM Software Survey.
Key highlights include:
- 67% of respondents said their organizations are planning on investing in ETRM systems this year (up from the previous two years), but only 28% of those have a bigger budget.
- Dissatisfaction with the speed and usability of an existing software system is still the biggest driver (54%) behind the decision to purchase a new system or upgrade.
When asked what ETRM systems should tackle next, the common themes were straight-through processing, better integration, real-time reporting, analytics, and modeling. Interestingly, all but the first one is user-centric.
We've been speaking with lots of people in the front and mid office, and this is exactly what we are hearing. We are working on functions like flash P&L, real-time positions, 15 minute Monte Carlo VaR, and connectivity with existing ETRM systems.
Combined with our patent-pending natural language deal entry and market data feeds, we're building software that is "user-centric" (aka easy-to-use), fast, and gets out of your way so you can get back to business...or to happy hour!