Moving from spreadsheets to AspectCTRM, the game-changing, cloud commodity trade and risk management suite by Aspect Enterprise Solutions, Estonia’s Manoir Energy OU is laying the foundations for rapid but safe growth by embedding best-practice into the core of its operations.
“It’s a big investment for our young company,” confirms Manoir CEO Valeri Stefanovitsh, “But we know that process rigor, a complete audit trail, and the real-time position and P&L provided by AspectCTRM are the route by which we will build greater trust with sellers and customers, and thereby build our business.”
Manoir began trading petroleum products, petrochemicals and shale oil in 2012. Today, it operates across the Baltics, sourcing products from Russia and Belarus, and making most deliveries FOB via Baltics ports and CIF deliveries to Amsterdam, Rotterdam and Antwerp.
Manoir’s choice of AspectCTRM came after an evaluation of the primary contending solutions, and was made because of Aspect’s cloud-delivery which meant no new investment in IT was required, and its stellar track record with many of the world’s premier trading operations.
Stefanovitsh says AspectCTRM was installed and live within eight weeks. It now supports trading from deal entry through inventory management to actualizing shipping and railcar logistics, and provides live and historical P&L, exposure reporting and scenario analysis.
“We are already seeing the positive impact Aspect is having on our organization. Having all trade related information in one place allows us to manage our positions much more effectively and protect our margins. Our plan now is to integrate Aspect with our accounting system to fully leverage the power of our chosen CTRM solution.”