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ETRM Budgets Declining. Projects, Not So Much

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!