DALLAS--(EON: Enhanced Online News)--Allegro Development Corporation, a leading provider of commodity trading and risk management (CTRM) software, announced today results from Commodity Technology Advisory’s (ComTech) CTRM Value Study Report.
“Modern CTRM Solutions – Value in a Challenging Environment”
ComTech, a leading analyst in CTRM, interviewed 20 Allegro customers from North America, Europe and Asia-Pacific, spanning the energy and commodity trading markets, including companies transacting in gas, coal, power, fuel oil, NGLs, refined products and more. During interviews ComTech used a survey designed to assess the value of each customer’s investment and the operational and financial impacts of deploying Allegro’s CTRM solution. Survey categories included improving efficiencies, containing costs, improving access to information, improved controls and response to market change. Patrick Reames, co-managing director of ComTech notes, “The results of our survey are reflective of not only the value a full-featured CTRM product can provide to market participants, but I think it also speaks well to the effort of companies like Allegro who are working to constantly improve the capabilities of their products for their customers.”
Key findings include:
- 85 percent of respondents indicated they had received positive or very positive value from Allegro’s CTRM solutions and that by using Allegro, they have seen a reduced number and scale of data errors
- Customers interviewed who were previously using other vendor systems indicated that costs were lower with Allegro
- 75 percent of the respondents indicated they had improved visibility into their positions and exposures using Allegro
- Respondents using other CTRM vendors prior to deploying Allegro indicated that they felt Allegro saved them human efforts in managing their business
- 70 percent of respondents indicated improved information access for their traders
These findings and a detailed cost to benefits analysis are included in the final Value Study which is available for download here.
To learn more about the impact of Allegro’s automated platform for commodity trading and risk management solution click here to register for our upcoming webinar, “Modern CTRM Solutions – Value in a Challenging Environment” to hear from Patrick Reames, Founder and co-Managing Director of ComTech. Patrick will discuss the latest trends and challenges in the energy industry and the value of modern CTRM technologies.
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 26 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 flexible solutions to manage risk across gas, power, coal, crude, petroleum, agricultural, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Allegro has recently been recognized as the Energy Risk Software House of the Year and received The Energy Business Awards Gold Award for Excellence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore and Zurich, along with a global network of partners.