In an industry first, global specialist in energy management, Schneider Electric, has entered into a sales and implementation partnership with top Cloud E/CTRM vendor Aspect Enterprise Solutions. This partnership allows small to mid-size companies to access a complete risk management software solution, offering the most compelling and comprehensive Commodity Trading and Risk Management (CTRM) solution to the energy trading, commodity trading and risk management space.
Schneider Electric is the leading provider of market information, including physical market prices for refined fuels in North America, and is the largest provider of proprietary news, weather and analysis. Aspect Enterprise Solutions is the market leader for Software as a Service (SaaS) solutions in the global energy and commodity physical trading sectors, and offers the only web-based, multi-commodity, integrated risk management solution. The partnership combines Schneider Electric's front office solutions with Aspect’s middle and back office solutions, creating a holistic CTRM system.
The cloud-based solution is available at a substantially lower cost, giving small to mid-size suppliers the ability to have sophisticated tools to manage positions and work more effectively with credit providers. Market volatility requires a full view of risk and market position, and the complete system offered by Aspect and Schneider Electric provides a full view of trading operations.
"This opportunity to work with Aspect is one we firmly believe will bring new value to our customers in our core energy businesses. We have a strong customer base throughout North America, and proven sales and account teams that can deliver tremendous value by working with Aspect and levering their ability to quickly deploy and deliver accessible, affordable Cloud solutions to the mid-market, like no other company in the world today," says Michael Browne, Vice President, Analytics and Trading at Schneider Electric.
“This is very exciting. We've been working towards this goal for a long time as part of our Aspect Partner Program. Our customers will benefit from this terrific new partnership. Schneider Electric has deep knowledge and understanding in the industry, and complements our processes and solutions. It's a recognized brand that we can grow with. There's huge cost efficiency savings in this for end-user companies looking for a solution," says Aspect President and CEO Steve Hughes.
Schneider Electric's strength in delivering solutions, intelligence and consultancy to companies in energy management is unmatched in North America. The partnership will focus on Schneider Electric’s agriculture, oil and gas and refined fuels businesses, including upstream producers and refiners to downstream refined fuels suppliers, marketers and wholesalers.
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