Press Releases
What Happens Next in Energy and Commodities Technology? SunGard Cites Three Ways to Help Optimize Energy Trading and Risk Management
September 16, 2009 — New York, NY
Austin Morris, a managing partner in SunGard’s Consulting Services business, says that emphasis on business process optimization will help energy companies manage risk and regulatory changes, “Organizations need to be able to have seamless business processes and technology to support and adhere to regulatory oversight, as well as manage risk and ongoing compliance. In addition, infrastructure development taking place around the world will require smart grid capabilities that help efficiently manage the grid and the use of commodities, and systems that help manage infrastructure replacements.”
SunGard provides business process optimization and surveillance technology frameworks that help energy companies and utilities manage market, credit, operational and regulatory risk. These frameworks also help streamline operations, optimize logistics and commodities movement and improve customer interactions and decision making. SunGard assists customers in integrating systems both locally and globally, deploying Software-as-a-Service (SaaS) solutions and leveraging technology platforms that integrate information across multiple business operations for managing trading, risk and scheduling.
SunGard cites three ways energy companies can improve trading and risk management: 1. analyze business processes and infrastructures to identify areas of optimization and best use of commodities; 2. reduce risk and gain better oversight by streamlining processes, integrating systems and adopting surveillance technology; and 3. optimize infrastructures by using smart grid capabilities and using technology to help manage infrastructure changes.
Key Trends
- Risk management focus: more sophisticated analytics, surveillance and business process optimization will be needed to help companies better manage risk.
- Regulatory changes: reliable technology frameworks will be needed to help companies deal with the changing regulatory compliance landscape and increasing levels of oversight.
- Infrastructure development: developing countries are ramping up or replacing their infrastructures at a rapid rate, requiring systems to help manage grids and commodity usage more effectively.
Till Guldimann, vice chairman of SunGard, says, “There’s no doubt in my mind that IT will become even more important down the road because it’s one of the few ways of creating efficiencies of industrializing services and service industries.”
Links:
Video: SunGard Perspective: Energy & Commodities Trading
Webcast: Evolving to a Single, Timely and Accurate Source of Commodities Market Data
About SunGard
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
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