Theme: IT Consulting in Energy Marketing
Client:  One Of The World's Largest Independent Oil And Gas Exploration And Production Companies 
  • Business Problem:  Our client needed an integration process and procedure to interface financial exposures from all marketing systems on as real-time a basis as possible to their corporate credit system. This would enable the credit department to more accurately track risk exposure by counterparty across all marketing systems – critically important in post-Enron trading
  • What Provante did:
    • Analyzed the current marketing systems and the credit system interface points and procedures
    • Managed the project team composed of Provante and client resources
    • Provante built, documented, tested, and moved into production–
      • The global credit cross-reference sub-system
      • Interfaces from the US and Canadian natural gas and crude marketing deal entry systems
      • Interfaces from the client’s risk management system for mark-to-market exposure
  • Client’s Results: 
    • Our client is now able to view total exposure across counterparty from one credit system for quick response to deal credit validation requests 
    • The credit department was able to maintain its staffing numbers while decreasing credit response time as well as quickly respond to management requests for counterparty exposure