What is ETRM Software as a Service
As described by CTRM Center, ETRM Commodity trading, transaction and risk management ETRM software is that category of software applications, architectures and tools that support the business processes associated with trading commodities. In the broadest sense, energy trading means both the buying and selling of commodities, the movement and delivery of those commodities and associated risk management activities.
(ETRM Energy Trade Risk Management is also a part of CTRM Commodity Trade Risk Management)
CTRMCloud offers “ETRM as a service” as a modern easily deployed subscription service to help organizations across the commodity value-chain with real time decision support & intraday reporting.
CTRMCloud delivers the benefits of a modern, cloud-native solution including rapid implementations, continuous product enhancements, high performance, scalability, better user experience – all at a significantly lower TCO.
The ETRM as a Service platform utilizes a microservices based architecture to enable modular deployment for point solutions, ready to scale with your business requirements. At the same time, it has the breadth and depth of the functionality and the robustness required to serve as an enterprise-wide, end-to-end ETRM solution for large, global companies with complex business problems.
a. Auto-provisioning: Manage Resources automatically
The traditional legacy providers resources are physically provided onsite on in the cloud, ETRM Cloud applications enable automatic provision of resources. We facilitate on-demand, self-service, programmatic provisioning, and releasing of resources as the platform is utilized. This enables the business-critical applications to run smoothly with on-demand allocation of resources directly from the platform.
b. Auto-scalability: Handle Continuous Business Needs automatically
CTRMCloud platform and applications are enabled with auto-scale feature to handle continuous business needs. This feature enables our platform to deal with complex up-down process needs as our clients run and schedule their processes.
c. Auto redundancy: Minimize Failure Risks automatically
The CTRMCloud platform is inherently resilient to failures. We automatically handle the outages and enable corrective actions. In the event of failure, application processing instantly moves from one data center to another without interrupting the service. This is executed so swiftly that the end user doesn’t even know that there was an outage. In case of the occurrence of a partial outage in one data center, the cloud-based applications will continue running seamlessly.
d. Continuous Improvement
The latest version of the CTRMCloud platform is made available to all customers as soon as released. Immediate upgrades put new features and functionality as soon as available. Software enhancements are typically released frequently. No software updates.
CTRMCloud solution is available for use today with minimum implementation effort. There is no need for 3rd party consultants or a lengthy implementation process which legacy ETRM providers will require.