BMP Technologies

Bootstrap demo

CTRM Project Implementation for Ampol

Client

Ampol

Services

CTRM Project Implementation

Background

Ampol is a leading Australian integrated energy company, known for its comprehensive supply chain and operational excellence in the energy sector.

To enhance their trading and risk management capabilities, Ampol sought to implement a Commodity Trading and Risk Management (CTRM) system to streamline their operations and improve efficiency.

Challenge

Ampol faced several key challenges in their trading and risk management operations:

  • 1. Trade Capture and Management:
    The existing systems were inadequate for capturing and managing complex trades, leading to inefficiencies and inaccuracies.
  • 2. Physical Operations:
    Managing logistics and physical operations was cumbersome and lacked integration with other systems, affecting overall efficiency.
  • 3. Financial Settlement:
    The financial settlement processes were manual and prone to errors, causing delays and reconciliation issues.
  • 4. Risk Management:
    There was a need for a more sophisticated risk management system to better handle market fluctuations and mitigate financial risks.

Solution

To address these challenges, we implemented a comprehensive CTRM solution with a focus on the following key areas:

1. Trade Capture and Management:

- Deployed a robust CTRM system capable of capturing and managing all trade activities with precision.
- Enhanced trade visibility and tracking, ensuring accurate and real-time data management.

2. Physical Operations (Logistics):

- Integrated the CTRM system with Ampol’s logistics operations to streamline the physical movement of goods.
- Improved coordination and efficiency in managing inventory, transportation, and distribution.

3. Financial Settlement:

- Automated financial settlement processes to reduce manual intervention and minimize errors.
- Implemented reconciliation tools to ensure accurate and timely financial settlements.

4. Risk Management:

- Introduced advanced risk management functionalities to better monitor and mitigate financial risks.
- Enabled real-time risk assessment and management, providing Ampol with better tools to handle market fluctuations.

5. Fendahl Implementation Support:

- Assisted in the implementation of the Fendahl system, ensuring seamless integration with the CTRM project.
- Provided ongoing support and training to Ampol’s teams to maximize the benefits of the Fendahl system.

Result

The CTRM project for Ampol led to significant improvements across various aspects of their operations:

  • 1. Enhanced Trade Management:
    Achieved more efficient and accurate trade capture and management, reducing operational bottlenecks.
  • 2. Streamlined Logistics:
    Improved physical operations through better integration with logistics, enhancing overall operational efficiency.
  • 3. Efficient Financial Settlements:
    Automated financial settlement processes, resulting in fewer errors and faster reconciliation.
  • 4. Advanced Risk Management:
    Strengthened risk management capabilities with real-time monitoring and mitigation tools, better handling market risks.
  • 5. Successful Fendahl Integration:
    Effective implementation of the Fendahl system, contributing to the overall success of the CTRM project and providing Ampol with enhanced capabilities.

Join Thousands of business owners & companies who trust the Seven!

Request a call back