8 reasons to give up spreadsheets for ctrm software

8 Reasonsto Give Up Spreadsheets

for CTRM Software

Learn why spreadsheets are not an adequate solution for managing commodity trading and risk.

1Get a Grip on Your Real Profitability

Spreadsheets cannot formally link physical deals with their costs in a timely manner.

Check out the blog post 4 Reasons to Give Up Spreadsheets for CTRM Software to learn more.

CTRM (Commodity Trading & Risk Management) systems allow you to:

http://blog.ekaplus.com/blog/4-reasons-to-give-up-spreadsheets-for-ctrm-software



• View the full commercial value of a transaction over the life of a deal





• Slice and dice profitability data by trader or business unit to support and improve future decision making





• Slice and dice profitability data by trader or business unit to support and improve future decision making

• Analyze all-in costs to ensure a proposed transaction is as profitable as first appears


2Meet New Regulatory Requirements

Dodd Frank, EMIR, and other regulations require more than spreadsheets to remain in compliance.

CTRM systems allow you to:




• Stay on the right side of the regulator





• Remain in compliance from directly within the system with comprehensive risk mitigation, reporting, and audit capabilities





• Remain in compliance from directly within the system with comprehensive risk mitigation, reporting, and audit capabilities

• Gain real-time responsiveness and enterprise-wide visibility across all regions and markets



3Break Down the Corporate Silos

Spreadsheets multiply. Firms that rely on one, tend to rely on a dozen.

CTRM software provides:




• Integrated, front-to-back business processes that are supported by common data and rules





• Maximum efficiency with one single version of the truth throughout the entire organization





• Maximum efficiency with one single version of the truth throughout the entire organization

• More efficient sharing of information and less information stove-piping



4Make the Right Decisions Every Time

Spreadsheets are not an effective system of record.

CTRM software enables:




• An accurate, centrally available record of all transactions





• Smarter risk taking with real-time understanding of counterparty credit risks and exposures





• Smarter risk taking with real-time understanding of counterparty credit risks and exposures

• Increased predictability and proactivity for managing financial performance



5Secure Your Data and Your Business

By definition, spreadsheets are uncontrolled, presenting a huge security risk.

CTRM software systems enable:

Check out the blog post 4 More Reasons to Give Up Spreadsheets for CTRM Software to learn more.

http://blog.ekaplus.com/blog/4-more-reasons-to-give-up-spreadsheets-for-ctrm-software


• Secure user permissions and access, detailed audit trails, and management approval of all activity





• Operational controls to eliminate fraud





• Operational controls to eliminate fraud

• Effective compliance monitoring in real-time through detailed and logical dashboards and alerts



6Overcome the Information

Management Hurdles

Managing data with spreadsheets requires a Herculean effort.

CTRM software systems:




• Consolidate all data to enable maximum organizational productivity and accuracy





• Eliminate manual reconciliations of internal and external data





• Eliminate manual reconciliations of internal and external data

• Ensure information completeness and create repeatable processes to reduce the chance of errors rippling through the organization



7Secure the Best Business Results

You need advanced programming to get any meaningful insights from a spreadsheet.

CTRM systems provide:




• All the features traders need out-of-the-box and in a multi-user, real-time environment





• Advanced analytics to gain real-time access to accurate P&L, VaR, and mark-to-market exposures





• Advanced analytics to gain real-time access to accurate P&L, VaR, and mark-to-market exposures

• Optimized scenario rankings to allow traders to quickly identify the most profitable outcomes before entering a deal



8Keep Stakeholders on Your Side

Spreadsheets send the message that you are not taking corporate governance seriously.


• A secure, official, and time-stamped version of events that can be verified in case of audit, research, or investigation





• Reassurance to the markets on the validity of all financial statements and disclosures





• Reassurance to the markets on the validity of all financial statements and disclosures

• Increased confidence of external and internal stakeholders by implementing a demonstrable commitment to transparency



Don’t let multiplying spreadsheets drive you crazy!

See what a next-generation Commodity Management system like Eka’s Insight CM can do for your business.

https://www.ekaplus.com/smart-commodity-management-solutions.aspx

8 reasons to give up spreadsheets for ctrm software

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