Aspect Enterprise Solutions is First CTRM Provider to Offer Oil Trading Firms a Complimentary Trial of Its Trading and Risk Management Solution

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Aspect Enterprise Solutions (AES), a leading global provider of Software-as-a-Service (SaaS) trading and risk management solutions, is providing qualified oil and products trading companies the opportunity to try its AspectCTRM Lite Edition at no charge. Free trials have long been offered in many industries to provide the prospective buyer with an opportunity to try something before making a commitment to purchase it. This sales model has been reserved for lower priced, simple-to-use market data applications in the oil industry, but never for a complex energy trading and risk management business application.

This is groundbreaking. No other solutions provider that we’re aware of can offer a free trial of its trading and risk management solution, supported by system experts.

Aspect Enterprise Solutions (AES), a leading global provider of Software-as-a-Service (SaaS) trading and risk management solutions, is providing qualified oil and products trading companies the opportunity to try its AspectCTRM Lite Edition at no charge. Free trials have long been offered in many industries to provide the prospective buyer with an opportunity to try something before making a commitment to purchase it. This sales model has been reserved for lower priced, simple-to-use market data applications in the oil industry, but never for a complex energy trading and risk management business application.

Yags Savania, who heads up sales activities in EMEA, explains, “This is groundbreaking. No other solutions provider that we’re aware of can offer a free trial of its trading and risk management solution, supported by system experts. Traditionally it’s been impossible because it’s so costly and time consuming to install software, hardware and customize the product. But because we’re fully Web-based with the latest technology and a flexible subscription program – we’re able to do it.”

AspectCTRM features three editions that scale with the needs of its users: Lite, Standard and Enterprise. The Lite Edition features front office functionality that deploy within hours out-of-the-box. Functionality includes trade capture, position keeping, profit and loss tracking and market risk reporting. These features are limited for the trial version. The expanded Standard and Enterprise Editions are robust in features covering the full spectrum of functionality for trade and risk management, and physical and financial operations with advanced reporting, integration and more.

Once the trial period ends, a company can sign up from one to hundreds of users located all over the world and pay only a monthly license with no capital investment required. This model appeals to both the mid-market and larger trading organizations. It’s an affordable, flexible alternative to legacy software systems.

Companies are invited to request a complimentary trial here: http://www.aspectenterprise.com/aspect_ctrm/ctrm1105_trial.php.
There are pre-qualification requirements for serious companies looking for this type of solution for their business.

Yags went on to say, “It’s truly extraordinary. Imagine having to spend six figures and upwards on a system you can’t try first. That’s the way software has been sold for many years in every industry. But because of the Web this is changing. And our customers have been accessing our solutions on the Web for more than 10 years. Following a simple configuration, our prospective clients are able to start entering oil trades and tracking profits and losses in real time in just a few days. Our costs are minimal, and the risks are zero for the user.”

About Aspect Enterprise Solutions
AES provides Web-based enterprise class market information, trade and decision support tools for commodities professionals. Its solutions are trusted by over 500 corporations in more than 90 countries. They go live quicker, fit more exactly and deliver greater ROI yet cost far less to implement than first generation offerings. AES applications include AspectCTRM® which is recognized in Gartner’s Magic Quadrant of ETRM Systems. It’s a full-featured commodity trading and risk management enterprise suite for front, middle and back office. It’s available in 3 Editions: Lite, Standard and Enterprise, seamlessly expanding in functionality according to the needs and budget of clients. AspectDSC is its decision support center for traders offering oil, metals and agricultural market news, prices, futures and analytical tools on desktops and mobile devices including Apple® iPhone® and iPad®, and BlackBerry. AspectPM is its Price Manager solution which provides consolidation and support for the global oil price forecasting process and forward curve management.

About Gartner’s Magic Quadrant
The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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Jane Pryce-Jones
Aspect Enterprise Solutions
+44 20 7632 0170
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