Over the last couple of decades of development of ETRM, CTRM and CM software solutions, many have aspired to provide support for multiple commodities. As ComTech has explained many times in the past, having a solution that is truly multi-commodity is a complex task and it is very difficult to develop and maintain such a solution. As newer technologies have emerged, some vendors have adopted different architectures that have allowed progress to be made in developing and maintaining multi-commodity solutions. These days, ecosystems of applications, modules or components are preferred over monolithic client/server applications and that certainly helps in solving some of the complexities. What are the complexities? Well, each physical commodity has a different supply chain, different physical properties, different processes and more so that a solution developed for one commodity may be lacking substantial functionalities to support another. One key area though that absolutely needs to be addressed as a first step in a multi-commodity TRM or CM solution is pricing. It needs a robust pricing engine that is configurable and usable across all commodities and beyond. This isn’t used just for the pricing of a deal or a contract, but for calculating Mark to Market, P&L as… continue reading
Continue reading Handling Pricing Complexity is a Key to Gen10’s Multi-Commodity Positioning. This article appeared first on CTRM Center.