Reporting in Energy Trading
In a few days to custom-fit and specific recommendations: This is the target of cronos imc GmbH. cronos imc provides energy traders the individual analysis of their Business Intelligence (BI) landscape. The special value lies in the vendor neutral approach. Using a checklist, all relevant information and associated processes that are needed for a meaningful reporting, are closely assessed and potentials for optimisation are revealed. This procedure applies to all layers within the company: From the organisational structure to the data and processes to the underlying technical infrastructure. Gaps in data availability may be reduced specifically. Through the meaningful integration of the various information processes, the company therefore not only ensure a consistent data base. In most cases, they save time and money.
'Information as well as employees are the keys to the success of any business. Especially the energy wholesale market is subject to price fluctuations that have taken into account by the energy traders to minimize their risks on the one hand and the other to be able to fully exploit the potential profit', notes Andreas Nünning, managing director of cronos imc GmbH, due to its longstanding experience in the industry. 'A powerful BI system is the meat and potatoes especially in view of the complexity of wholesale energy', said Nünning further. A variety of heterogeneous information sources - from trading systems such as OpenLink's Endur to brokerage platforms such Trayport's Global Vision to external price feeds - have to be carefully integrated. Historical data have to be provided in a high granularity. Furthermore, access to detailed and historic OTC and exchange transactions plays a crucial role in analysis of market liquidity. What count are flexibility and integrity while focusing on individual reporting requirements and performance. In many cases those heterogeneous information is still provided by isolated stand-alone solutions within the company. Redundant and inconsistent data, obsolete and late information, erroneous reports, as well as ambiguities in the calculations are the result.
With the introduction of an integrated BI solution potentials for a mitigation of the trading risks can be utilised. According a practial checklist cronos imc GmbH investigates whether the existing reporting environment covers the requirements of both technology and business. These include not only data integration from various sources, but also the support of the end users by standard and ad hoc reporting as well as data mining, efficient management reporting and dashboards.
At the beginning of the analysis is a precise definition of strategic goals - together with the management, risk managers and traders. On the basis of the detailed assessment concrete recommendations are formulated which are completely vendor independent to generate the results as individual and functional as possible. The long standing expertise of cronos imc pools expertise from energy trading and technical implementation of BI solutions. The development of Business Objects reports for position and P & L analysis, the construction of auditable SAP BW reporting in risk management or the identification of trade instruments of the various markets and commodities are only a few examples from the extensive experience of cronos imc.
cronos imc is a member of the cronos group and one of the leading BI consulting companies specialised in the implementation of analysis and reporting solutions in energy trading, sourcing and distribution. The cronos imc has extensive practical experience in the design and implementation of BI solutions using tools from different software vendors.
cronos imc GmbH, Andreas Nünning
Wesel Str. 539 - 48163 Münster, Germany
Tel: +49 251 39966-0
Fax: +49 251 39966-9999
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Reporting in Energy Trading here
News-ID: 105629 • Views: 3518
More Releases for Heterogeneous
Heterogeneous Alcohol Market to Witness Robust Expansion by 2025
LP INFORMATION recently released a research report on the Heterogeneous Alcohol market analysis and elaborate the industry coverage, current market competitive status, and market outlook and forecast by 2025. Moreover, it categorizes the global Heterogeneous Alcohol market by key players, product type, applications and regions,etc. The main objective of this market research is to help the readers understand the structure of Heterogeneous Alcohol market, market definition, overview, industry opportunities and
Global Heterogeneous Catalyst Market Huge Growth Opportunity between 2020-2025
LP INFORMATION recently released a research report on the Heterogeneous Catalyst market analysis, which studies the Heterogeneous Catalyst's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global "Heterogeneous Catalyst Market 2020-2025" Research Report categorizes the global Heterogeneous Catalyst market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players analysis, market share, growth
Global Heterogeneous Networks Market Size, Status and Forecast
This report studies the global Heterogeneous Networks market, analyzes and researches the Heterogeneous Networks development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like Samsung Nokia Networks Qualcomm Ericsson Airhop Communications, Inc. Alcatel-Lucent IP Access Ceragon Networks Texas Instruments Nec Corporation Ruckus Wireless TE Connectivity Commscope Market segment by Regions/Countries, this report covers United States
Heterogeneous Mobile Processing Computing Market: Lucrative Opportunites across …
The global market for heterogeneous mobile processing and computing is benefiting remarkably from the increasing demand for high performance electronic devices across the world. The significant rise of digital content and the augmenting expectation for advanced visual experience, such as viewing a content in HD have fueled the demand for heterogeneous mobile processing and computing solutions, reflecting greatly on the growth of this market. This market report is an analytical research
Heterogeneous Mobile Processing and Computing Market
With the phenomenal growth of the consumer electronics worldwide, the global market for heterogeneous mobile processing and computing. The concept of mobile heterogeneous processing and computing has been in the limelight since semiconductor industries realized the need for higher functionality on single Systems on Chip (SoC). This technology utilizes several components such as graphic processing units (GPUs), processors, connectivity solutions (Bluetooth, GPS, NFC, and Wi-Fi), and digital signal processors
Global Security Heterogeneous Double Host Products Market Research Report 2017
This report studies Security Heterogeneous Double Host Products in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering EMC Venustech Westone NSFocus TopSec Request for Sample of Premium Research Report @ http://www.qyresearchreports.com/sample/sample.php?rep_id=972134&type=E Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of