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Enhancement of inventory reporting in energy trading for new products

Project duration: 3 months

Brief description

Inventory reporting in an energy company is being expanded with new products. In national and international energy trading, the energy supply contracts are increasingly being supplemented by certificates of origin and generation. Accounting for these certificates, particularly across supply chains or conversion processes, is a new challenge for both company processes and IT systems. PTA provides support in harmonising processes across departments and incorporating new requirements for the IT systems involved.

Supplement

In order to trade new products (e.g. certificates), it is compulsory to include them in the inventory reporting process. PTA provides support in defining the required information and in recording the processing procedures along the life cycle of the respective certificates.

Subject description

In inventory reporting, it is compulsory to report all inventory (positions and prices) of all traded products. This requires business and technical clarification of the relevant data source as well as the valuation rules. Moreover, a technical concept for the implementation is also required. For a range of new products, analysis of business and technical requirements in alignment with various departments (Inventory Reporting, Accounting, Business Controlling, Financial Controlling, Front Office, Settlement, IT) and design of methods of solution in a heterogenous system landscape. Coordination, multi-stakeholder-management und documentation.

Overview

Project period01.10.2023 - 31.12.2023

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Dr. Andreas Schneider

Sector Manager Energy

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