I recently chatted with Mark Tredway of Enuit about how ETRM solutions have morphed into strategic enablers for energy businesses in recent years. Technology evolution has aided this transformation and more is yet to come as vendors invest and transition to the latest and greatest technologies – partially driven by millennial decision-makers who expect intuitive, modular, and agile solutions. Gone are the days of long and complex implementations, and expensive upgrades – especially if adopting a cloud solution. Commodity firms of all descriptions today face unprecedented change from all directions – political, regulatory, technology, legal, financial, and other pressures force firms to adapt and be more agile. For Mark, this has resulted in his observation that “ETRM’s value has essentially shifted from digitizing workflows to enabling firms to pivot strategies at the speed of geopolitics.” He explained that Enuit has invested in next generation technologies in the form of its Entrade 7 software, which is just about to become generally available. “It is currently being implemented at a major client where we are working out any last minute issues prior to broader release,” he told me. “Entrade’s design allows adding new commodities and adapting risk models without additional code.” The… continue reading