Sage Petroleum Chooses Aspect Enterprise Solutions To Support Oil Risk Management And Operations In West Africa

2 November 2011

Sage Petroleum Ghana has selected AspectCTRM from Aspect Enterprise Solutions to manage its petroleum products trading and risk operations in West Africa. AspectCTRM is the world’s only Software-as-a-Service (SaaS) multi-commodity trading and risk management platform delivered in the Cloud.

Emmanuel Egyei-Mensah, CEO of Sage says, “We chose AspectCTRM to manage and support our activities. It gives us real-time insight into all aspects of our business including stocks, logistics, finance, profitability and risk exposure. Our philosophy is to actively identify risks, obtain information about the risks and manage them effectively. That is our culture, which runs through everything we do.”

Sage was established in 2009 and is the largest licensed oil trading company in Ghana, importing a range of products including crude, gasoil, LPG and fuel oil for local products distribution companies. With plans for significant growth in the coming year, Sage has focused heavily on developing a robust risk management strategy to provide security and value for their clients and partners.

With a team of traders sourcing products in Asia, Europe and across the globe, Sage requires real-time pricing information along with analytical and risk management tools to give the whole team a clear view of positions all the time. They have implemented AspectCTRM Standard Edition (SE) for trade capture, middle-office functions and inventory management.

Sage’s approach is to proactively address the risks inherent in their business and seek to manage rather than avoid them. Using key features within AspectCTRM, Sage has developed management strategies specific to each location they operate in, including both physical and financial risks.

Yags Savania, Sales Director at Aspect says, “Risk management is a vital element of Sage’s business. AspectCTRM allows them to review all aspects, including credit, price and counterparty risk in real-time to ensure they have the most relevant information required to trade. The solution is cost effective and quick to implement, perfect for companies like Sage that are growing quickly. AspectCTRM offers functionality that has previously not been accessible to smaller companies -- our scalable model allows trading organizations of all sizes to benefit from powerful CTRM tools, and to expand that functionality as needed.”

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