CoreTRM is pleased to announce that it has successfully implemented their Energy Trading and Risk Management (ETRM) platform for ENEOS Oil & Energy Asia (EASIA) , also formerly known as JX Nippon Oil & Energy Asia or NOEA. EASIA is a Singapore based trading company wholly owned by ENEOS Corporation, a leading petroleum company in Japan. The implementation was achieved within a tight deadline of a few months, despite the challenging and unprecedented circumstances presented by Covid-19. The platform went live in November 2020, successfully replacing their past ETRM system from another vendor. CoreTRM is very honoured that EASIA made the decision to go ahead with an implementation with us to replace their ETRM system, even with CoreTRM being a new player in the ETRM space and with all the uncertainties surrounding the Covid-19 situation. CoreTRM is proud to have delivered a functional and modern ETRM platform to enable EASIA to effectively and efficiently manage their trading activities in Singapore. CoreTRM was able to start and finish the implementation almost entirely remotely, liaising virtually with EASIA staff. The implementation project involved configuring the CoreTRM platform to cater to EASIA’ business needs, including blending and inventory functionalities, and also the reconciliation of one year’s worth of a very complex… continue reading
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Source: CTRM Center