Just a few weeks ago, I was contacted by Marc Zumstein and introduced to a new initiative in Europe called Previse Systems. Based in Zug, Switzerland, Previse Systems had already come up in the 2020 Vendor Perception Survey and I had never heard of them, so it was good to be able to make the connection and get a description of what the Previse System team has been developing such that it already had people naming them in the VPS. I was not disappointed. Paradigm is often overused word, but Previse Systems can be truly said to be breaking it when it comes to ETRM software. The team all have strong backgrounds in ETRM having worked for existing vendors. It is that experience that drove them to go back to the drawing board and rethink the entire issue of ETRM software. The result is an in the cloud, all new technology initiative that has separated out ETRM into three distinct elements; A user-owned common trade repository (called ChorusLink) where each trade is stored and accessible by all parties to the trade in a fast and secure environment, A high-performance position application (called Coral) that delivers the ability to quickly and… continue reading
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