Support in selecting a gas portfolio management system
Project duration: 3 months
Brief description
Support in selecting a portfolio management (PFM) system for the commodity type gas in order to map the necessary business process for an energy trader’s specialist department.
Supplement
On the basis of the requirements specification created by the customer, a request for quotation is issued for selecting a standard industry software. The bidder’s quotation documents are checked and evaluated in terms of how far they cover the requirements. Some of the bidders make the shortlist and are invited to the customer’s site to make presentations in the form of workshops. The results of the workshop have a significant effect on the assessment of quotations. Once the selection process is complete, the customer’s requirements are not considered to be sufficiently covered by the scope of services offered by the software manufacturer.
Subject description
The customer plans to introduce a portfolio management system for the gas commodity type. The customer is already supplying natural gas to its end customers in some market areas in Germany and Austria. In the medium term, the customer plans to trade and supply customers with natural gas in all German and Austrian market areas. In the long term, the aim is to operate gas storage and transport gas between market areas. The higher-level objective of the software introduction is to map all the functionally relevant processes (including mapping by market area, monitoring and optimizing contracts, and nominating forecast and procured quantities and constantly comparing target and actual values) in one system. Furthermore, the invoicing processes are to be mapped in accordance with the legal requirements and various reports are to be generated for monitoring transactions.