As the trading arm of the largest oil company in Japan, JX Nippon Oil & Energy Asia sought a proven ETRM system that would scale up to the demands of their expanding energy trading business. After much consideration on the right implementation approach, the company selected OpenLink through a tender process supported by Fujitsu Singapore.
Fujitsu Singapore will provide the company with end-to-end project management, from the solution selection process to implementation and maintenance, via OpenLink. In addition to project management, Fujitsu will also manage the IT infrastructure for the ETRM system, which is hosted on FUJITSU Cloud IaaS Trusted Public S5, a public cloud service that brings enterprise grade levels of security with ISO27001 certification. This service will allow the customer to free up IT resources, reduce capital expenditure and focus its attention on managing the organisation’s IT infrastructure instead.
“Fujitsu has a proven track record of working with partners to deliver exceptional business outcomes for customers in a short period of time, and this project was no exception. Because of this, Fujitsu was well-positioned to set up an ETRM system on time and within budget, as per the requirements of JX Nippon,” said Wong Heng Chew, Country President, Fujitsu Singapore. “With the successful implementation of this project, Fujitsu has once again demonstrated its strength in project management capabilities.”
“A flatter, less volatile market lends itself to long-term contracts and less risk,” said Greg Moyle, Head of Sales for APAC, OpenLink. “It’s easier to manage that risk in-house. However, when volatility picks up, the pattern shifts to a higher number of short-term trades, which makes risk management much more complicated. It’s possible for traders to spend hours each day manually reconciling trades - precious time spent away from the desk. As growth accelerates in the region’s energy markets, traders need a risk management system that allows them to take every opportunity the market creates.”
“Fujitsu has a proven track record of working with partners to deliver exceptional business outcomes for customers in a short period of time, and this project was no exception. Because of this, Fujitsu was well-positioned to set up an ETRM system on time and within budget, as per the requirements of JX Nippon,” said Wong Heng Chew, Country President, Fujitsu Singapore. “With the successful implementation of this project, Fujitsu has once again demonstrated its strength in project management capabilities.”
“A flatter, less volatile market lends itself to long-term contracts and less risk,” said Greg Moyle, Head of Sales for APAC, OpenLink. “It’s easier to manage that risk in-house. However, when volatility picks up, the pattern shifts to a higher number of short-term trades, which makes risk management much more complicated. It’s possible for traders to spend hours each day manually reconciling trades - precious time spent away from the desk. As growth accelerates in the region’s energy markets, traders need a risk management system that allows them to take every opportunity the market creates.”
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