"Fully 27% of the respondents indicated that their projects had failed either entirely, or materially failed to meet the goals as originally envisioned when the project started."
Denver, Colo. (PRWEB) December 11, 2012
CommodityPoint released their new whitepaper, “5 Critical Success Factors in Selecting and Implementing CTRM Solutions.” Covering both the selection and implementation phases of the process, this whitepaper discusses the most important factors to consider when choosing a CTRM/ETRM solution. Pioneer Solutions is proud to be recognized in the case study portion of the whitepaper which features the implementation process of the Netherlands’ largest utility company, Essent.
Problem: CTRM Selection
Selecting a CTRM system may be one of the most high-risk decisions a company can make. For this reason, choosing the right solution is a critical process that should be taken into great and careful consideration. Given the cost, complexity, and time of implementation, there is little room for error. In fact, according to CommodityPoint’s ETRM Implementation Survey and Report, “fully 27% of the respondents indicated that their projects had failed either entirely, or materially failed to meet the goals as originally envisioned when the project started.” When so many things can go wrong it is of the utmost importance that this process is done right.
Solution: Consider the factors and take the appropriate steps
The best way to avoid implementation failure is to consider the process involved in selecting a CTRM vendor. By helping manage the process and offering helpful, first-hand suggestions, this whitepaper discloses the appropriate factors to consider before risking valuable time and money on a CTRM/ETRM system.
It will take the reader step-by-step through the following:
- The business driven process
- The selection process
- Executive support
- Vendor commitment
Essent Case Study
Also featured in this whitepaper is a case study of an actual ETRM system implementation done by Pioneer Solutions for Essent, the largest energy company in the Netherlands. Below is an excerpt from this section:
“According to Lucie Hemminga-van der Logt, the team's business lead, the company was selected primarily for the following reasons: Pioneer Solutions' TRMTracker ETRM system was best able to model the company's most complex scenarios, TRMTracker's flexible architecture enabled Pioneer to commit to quickly build-out the necessary capabilities to bridge the few identified product gaps…[and] Pioneer's product team had demonstrated a superior understanding of Essent's business problems and requirements, ensuring that the company could quickly translate their business needs into the system configuration and develop the additional functionality without a protracted development process.”
Also highlighted in the Essent case study is Pioneer Solutions commitment to make each and every implementation as highly successful as possible. This means using an agile implementation strategy to meet deadlines, save on costs, and deliver a highly functional system in a relatively short period of time.
To read this entire whitepaper, download it for free here:
Pioneer Solutions is a global software provider of next generation Energy Trading and Risk Management (ETRM) Environmental Management Information Systems (EMIS) & Enterprise Compliance Solutions. Serving some of the largest utilities and energy companies across the globe, Pioneer’s comprehensive suite of products can easily model unique and challenging business requirements.