European ETRM specialist, Contigo, is using E-World to launch new functionality which will provide fast and easy access to business data and credit risk information, to further support effective decision making in energy trading. The company is also launching a system to help reduce the manual processes required between systems.
Contigo’s enTrader® is an award-winning ‘out-of-the-box’ ETRM solution, preconfigured for the European market and available in the cloud or on-premise. The scalable, modular software suite provides instant position to any granularity and enables straight through processing from exchanges and venues, including direct access to intraday markets.
At E-World 2019, Contigo will be showcasing new functionality that provides greater visibility of the trading operation aiding competitive decision making. The new functionality includes integration with the business analytics service, Microsoft Power BI, which enables its enTrader software users to access reports and view credit risk information in near real time. Enhancements to the Credit Risk Module will also be demonstrated, displaying how businesses can monitor their counterparty exposure.
Integration with Power BI
The enTrader ETRM system now integrates with cloud-based business analytics service, Power BI, to provide a seamless reporting solution for all trading data held on enTrader.
Businesses can select which data is fed into Power BI and view clear, visual, on-demand reports on the Power BI dashboard. These bespoke reports help to make the data easier to interpret and provide business intelligence to support fast, effective decision making.
Credit Risk in Near Real Time
Contigo is also launching enhancements to the enTrader Credit Risk Module.
Counterparty specific metrics such as settlement, Mark to Market and total exposure can be viewed rapidly on demand. Provided in near real time, this information gives a dynamic view of credit risk, supporting trading optimisation and protecting cash flow.
Integration with Excel
In another addition to the functionality, enTrader now integrates with Excel via Power Query, creating further data processing options. System users can export trade data to excel, create dashboards and manipulate data.
Business Process Automation
Contigo is also using E-World to launch a unique business process automation system that can remove manual processes between energy industry software systems, to reduce operational risk, cost and workload. It manages the wide variety of time-consuming transactions and tasks associated with energy wholesale and retail operations, logistics, trading and compliance, from simple processes to complex contracts, such as PPAs.
Tim Rogers, Head of Sales and Business Development at Contigo comments: “Effective risk management in trading businesses is essential, as is an accurate view of the complete position. Decisions affecting hedge strategy, credit management and deployment of capital in the long and medium term must be well supported with accurate data and timely reports. Similarly, trading decisions in increasingly liquid short term markets need a complete view of the open position and market conditions. With extensive visualisation and reporting options we have expanded the services offered by our enTrader solution in order to help manage risk and keep a clear view of market and counterparty exposure.”
Contigo will be launching the new functionality at E-World 2019, Hall 3, Stand 3-242. For further information contact Debbi Bavin at [email protected] view www.contigosoftware.com or telephone: +44 (0) 207 922 5150.
Since 2006 Contigo has been developing IT solutions for the complete handling of trading processes in the European energy market. Right from the start, the product strategy focused on web-based applications, which were supplemented by reliable cloud solutions. The ETRM system (Energy Trading and Risk Management) enTrader, which is available as an on-premise or cloud version, is used by energy traders and producers as well as by energy distributors and enables central and far-reaching control and management of the entire energy portfolio. Thanks to modular expansion options, the software grows with specific requirements at any time and can also be adapted to individual needs. Contigo is part of the Energy One Group, a global provider of energy trading and risk management solutions.