A new cloud based platform offers on-the-hoof trading, treasury and risk management in the energy markets.
OpenLink Cloud claims to be the world’s first and most comprehensive enterprise internet based software offering help to energy companies struggling with contracting margins, disparate teams or rapid expansion plans.
The new package combines the most used aspects take the functionality of the firm’s flagship products but allows users to access them from almost anywhere around the world, and run reports during the day, rather than having to wait overnight.
Developed in collaboration with over 50 of OpenLink’s largest and most sophisticated energy and financial services clients, OpenLink Cloud is said to have been rigorously tested by those who place the highest demands on the software.
It is designed to help clients of all sizes get up and running quickly and to simplify management, monitoring and support of both production and non-production environments.
John O’Malley, CEO of OpenLink, said: “We have made a significant investment in OpenLink Cloud in response to our clients’ feedback.
“They are looking to reduce costs, advance risk analytics and scale their operations to transform how they run their businesses.
“The response from clients and pent-up demand from prospects has been staggering. OpenLink Cloud enables us to deliver our market leading solutions faster and with attractive subscription pricing models.”
Scott Rompala, head of the Cloud Solutions Group at OpenLink, added: “The real untapped benefit our clients are sharing is how this new flexibility and efficiency will allow them to reimagine their business, take advantage of intraday volatility in the markets, and provide accurate and real-time views of their risk and exposures to management and the board on demand.”
The enhanced capabilities of the new software will enable departments to produce real-time analytics and improved hedging strategies, optimise capital movement and provide greater insight into profitability drivers, as well as enhancing overall the information available for decision-making.
