As time passes since your CTRM implementation, performance issues and mismatches between evolving business requirements and the system’s capabilities may have emerged. Additionally, customized extensions and scripts can either add value or become costly support liabilities if they are not fully supported by the vendor.
Support Liability
The vendor consultant who delivered these customizations may no longer be available due to turnover. Unsupported customizations force clients to allocate additional resources to maintain these extensions, increasing the total cost of CTRM system ownership and impacting return on investment.
Low Cost, High Value
At Essentia, we are firm believers in the importance of conducting periodic end-to-end reviews of CTRM systems. Our comprehensive review process aims to achieve the following objectives:
- Develop a credible short-, medium-, and long-term roadmap to ensure cost-effective support and alignment with evolving business needs.
- Making informed decisions regarding system upgrades, customization, and other changes.
- Identifying opportunities to maximize the value of the system by leveraging underutilized functionality.
- Realignment of system configuration with any significant business process changes.
The Essentia end-to-end review offering is efficiently completed in under one month, providing lasting value to our clients well beyond the initial deliverables.
In a recent review engagement at an Oil Major client, Essentia thoroughly assessed their operations and provided valuable insights to drive their success. Our in-depth interviews, meticulous documentation review, and comprehensive functional area analysis enabled the client to gain a deep understanding of their solution, develop a solid support plan, and make informed decisions on system upgrades and enhancements.
Recent Engagement
In a recent review engagement at an Oil Major client, Essentia thoroughly assessed their operations and provided valuable insights to drive their success. Our in-depth interviews, meticulous documentation review, and comprehensive functional area analysis enabled the client to gain a deep understanding of their solution, develop a solid support plan, and make informed decisions on system upgrades and enhancements.
With unparalleled expertise in the energy and commodity trading industry, Essentia is the ideal partner to deliver such impactful results.