Cloud Vendor Aspect Enterprise Solutions Continues CTRM/ETRM Expansion Into Europe And Africa With Added Sales Resources

9 May 2013

With over 500 clients and thousands of users globally in market data and trading and risk management Cloud solutions, Aspect Enterprise Solutions is expanding further into European and African oil markets with the addition of Sonia Ouerghi, AspectCTRM Sales Director, Europe.
Ouerghi, with 11 years experience in IT/Technical Sales positions, including oil industry experience with competing energy trading and risk management solution vendor Allegro, brings a wealth of experience to the role.

Aspect’s customer base for commodities trading and risk solutions in the Cloud has grown by more than 43% over the past two years adding dozens of new customers and hundreds of users globally, including steady growth throughout African countries including Ivory Coast, South Africa, Cameroon, Nigeria, and other countries. Aspect is the number one choice in Africa for oil market information and trading tools with more than 75 customers in the region representing companies of all sizes. Aspect recently announced a new deal with Nigeria’s largest independent and privately owned oil trading company, Oando.

Ouerghi’s role also covers Europe and all French-speaking countries in Africa.
“Africa has emerged as a real hot bed for oil trade, and Aspect is the number one solution for market data, and trade and risk tools because it’s so affordable and easy to use ,” says Ouerghi. “I’m excited to be a part of this growth and the trend for company’s using Cloud solutions. Our solutions are a perfect fit for an emerging market like Africa,” said Ouerghi.
Along with the addition of Ouerghi, Aspect has added key sales resources in Houston, Singapore and its London headquarters. The expansion signals a significant shift in demand for Cloud solutions by trading and supply companies in commodities sectors.

With Aspect, because solutions are deployed Software-as-a-Service (Saas) in the Cloud, there are no software, hardware and maintenance fees. Implementation is swift, taking only a few weeks to configure trades and processes in the system. Aspect’s Web-based trade, risk, operations, inventory and logistics components are all accessible via a secure online platform that is accessed from any Internet location. Aspect’s customers use AspectCTRM to support trades for oil, petroleum products, chemicals, metals, steel, biofuels, agriculture and coal.

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