DALLAS--(EON: Enhanced Online News)--Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today the release of Credit 8.2, Logistics 8.1, Midstream 8.1 and Workflow 8.1.
“Our customers have been instrumental in the build out of this new functionality, and we are excited to now offer advanced midstream, downstream, business workflow and credit solutions to optimize how they do business.”
“Our goal is to provide value to our customers through truly innovative products and solutions so they can keep pace with the speed of change,” said Aditya Srivastava, Allegro Chief Technology Officer and Senior Vice President of Engineering. “Our customers have been instrumental in the build out of this new functionality, and we are excited to now offer advanced midstream, downstream, business workflow and credit solutions to optimize how they do business.”
All of the newly released products are available through Allegro’s most innovative software platform to date, Allegro 8.0. Key features and benefits include:
- Credit 8.2 allows for enhanced decision making by providing credit analysts and risk managers a real-time view of their exposure with capabilities to conduct forward analysis, analyze liquidity, manage reporting and margin calls, including the ability to create templates and generate letters.
- Logistics 8.1 provides automated scheduling and logistics to route bulk and liquid commodities across multiple carrier modes, including pipeline, truck, rail, barge and vessel.
- Midstream 8.1 gives customers the ability to manage the natural gas value chain lifecycle from wellhead production, through gathering and plant processing, to the downstream point of sale. This enables transparency across the business for producers, first purchasers, buyers, sellers, gatherers and plant operators who can now manage their assets from a single point of entry.
- Workflow 8.1 increases business efficiency through automated and intuitive workflows, reducing the complexity and resources needed to integrate operations across departments with flawless execution.
"With the influx in shale production and dramatic changes to energy infrastructure, both in the United States and abroad, emerging technologies will be instrumental helping energy companies achieve growth,” said Jill Feblowitz, Vice President, IDC Energy Insights. “Companies will need new and improved solutions to enhance business efficiencies and manage exposures in midstream and liquids to reduce cost and risk.”
About Allegro Development
Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders and commodity consumers. With more than 28 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities. Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney and Zurich, along with a global network of partners.