The Indian refining and marketing giant subsidiary, Essar Oil (UK) Limited, has selected Aspect's energy trading and risk management solution, AspectCTRM to help optimize its European refinery-related trading, supply and risk management activities.
Essar is a multinational corporation with annual revenues of USD$35 billion and investments in steel, energy, infrastructure and services. With operations in more than 29 countries, it employs over 60,000 people.
One factor which made Essar Oil UK select Aspect was its modern technology stack which allows for painless integrations. AspectCTRM is being integrated with several in-house solutions including Essar UK's refinery and planning system, SAP ERP and its curve management provisioning tools.
Vice President of EMEA Sales, Yags Savania commented, "Aspect's relationship with Essar goes back almost 10 years, where our market data solution AspectDSC was used by Essar's supply and trading group in Mumbai. It's nice to see the relationship mature to where AspectCTRM will now become an integral part of its trading business."
About Aspect Enterprise Solutions
Aspect is a leading global provider of multi-commodity trade, risk and operations management solutions delivered Software-as-a-Service (SaaS) in the cloud. With almost 500 customers in 90 countries, it's one of the fastest growing providers with rapid deployment, affordable subscriptions, and immediate ROI for all size companies. Solutions include AspectCTRM®, a full-featured commodity trading and risk management enterprise suite for front, middle and back office. It's available in three editions: Lite, Standard and Enterprise, expanding in functionality according to the needs and budgets of clients. Aspect is the only ETRM/CTRM solutions provider with market data and analytics tools delivered with its trade and risk functions on the same platform. This provides users with a seamless packaged solution beginning with pre-trade pricing analysis and market assessments via AspectDSC. Aspect's solutions are available on desktop, tablets and mobile devices and through its new Aspect Partner Program (APP).
Aspect Enterprise Solutions