Molecule Software Blog

The Molecule Software ETRM/CTRM Blog

ETRM Budgets Declining. Projects, Not So Much

We were intrigued while reading the latest issue of Energy Risk Magazine which featured the 2013 ETRM Software Survey.

Key highlights include:

  • 67% of respondents said their organizations are planning on investing in ETRM systems this year (up from the previous two years), but only 28% of those have a bigger budget.
  • Dissatisfaction with the speed and usability of an existing software system is still the biggest driver (54%) behind the decision to purchase a new system or upgrade.

When asked what ETRM systems should tackle next, the common themes were straight-through processing, better integration, real-time reporting, analytics, and modeling. Interestingly, all but the first one is user-centric.

We've been speaking with lots of people in the front and mid office, and this is exactly what we are hearing. We are working on functions like flash P&L, real-time positions, 15 minute Monte Carlo VaR, and connectivity with existing ETRM systems.

Combined with our patent-pending natural language deal entry and market data feeds, we're building software that is "user-centric" (aka easy-to-use), fast, and gets out of your way so you can get back to business...or to happy hour!