A Late Flurry of Demand?

Q4 and the holiday season is often a busy time for the vendors. It has been historically the favored time for the RFP (as periodic CTRMCenter contributor David Calmonson will tell you in comic terms) and the vendors will also push to get any business closed prior to year end of course. In recent years, we have seen something of a decline in demand for CTRM software largely due to the many changes in the industry and perhaps due to a focus on architecture, business processes and data in preparation for digitization on the part of many companies in the space. However, we have been expecting demand to increase over 2018 and going into 2019 for a variety of reasons though perhaps with the emphasis being towards the smaller deal and more often in the cloud. Over the last few weeks, as we collect responses from the vendors for the 2019 Sourcebook and in generally touching base, we do detect an uptick in demand. Most of those we have spoken to have told us they are very busy and this activity seems to be in commodities generally and in the liquid hydrocarbon side in particular. One larger vendor we spoke with… continue reading
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