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| Theme: IT Consulting in Energy Marketing |
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Client: One Of The World's Largest Independent Oil And Gas Exploration And Production Companies
- Business Problem: Our client is replacing its legacy risk management system with Endur – requiring new inbound and outbound interfaces to marketing systems, the Corporate Credit System, the ICE, and market price feeds
- What Provante did: We designed, built, documented and implemented interfaces to:
- Pull future prices from the new risk management system, into out client’s gas marketing system, and updated the prices in the marketing system’s deals
- Direct price feed interface to Plattt’s
- Pull settlement prices from the Platt’s price feed
- Pull settlement prices from Platt’s to our client’s Crude Management System
- Pull mark-to-market and accounts receivable exposures from the Endur into the credit system
- Pull deals entered in the Intercontinental Exchange (ICE) into client’s trading system
- Client’s Results:
- Client traders previously spent considerable time maintaining a manual deal log for ICE deals and then manually entering the deals into the client’s trading system. They are saving ten minutes per deal on a volume of 50 - 100 deals per day – a savings of 1 - 2 FTEs!
- All of the interfaces were built on time and under budget enabling Endur to go live as planned
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