German Energy Company to Manage Natural Gas Sales & Trading with Allegro 8
Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today that Bayerngas GmbH, Munich selected the Allegro 8 platform to manage its natural gas marketing operations.
Bayerngas is a fully integrated natural gas sales & trading company that operates a communal gas procurement platform for its municipal shareholders and customers; purchases natural gas across the procurement chain; and is actively involved in the exploration and production sector with operations spanning across Central Europe, Scandinavia and the UK.
Bayerngas sought a solution to replace a number of in-house and legacy systems used for marketing activities across natural gas, environmental markets and oil products. Leveraging the Allegro 8 platform, users now have the capability to manage trading, risks, logistics, settlement and accounting on a single platform with seamless workflows across the organization allowing managers real-time, holistic views of the business.
“With Allegro, we selected a solution that not only meets the requirements of our trading subsidiary, Bayerngas Energy Trading GmbH, in terms of process automation and performance, but also addresses the needs of our sales and gas procurement departments with regards to the flexibility of capturing complex products,” said Dr. Thomas Rupprich, Commercial Director of Gas Procurement Bayerngas and Managing Director of Bayerngas Energy Trading.
Other system benefits include: