Blue Oil, market leader in oil supply, storage and distribution along the Pacific coast of the Americas, is the latest company to switch to the AspectETRM energy trade and risk management system from Aspect Enterprise Solutions.

With offices in London, as well as North, Central and South America, Blue Oil’s trading teams are deploying the software-as-service (SaaS) AspectETRM system to deliver improved risk management and access to market information while providing better, faster management reporting.

"By upgrading to AspectETRM we're aiming to make spreadsheets a thing of the past," explains Blue Oil's deals desk manager Chris Laird. "We'll be getting risk management and real-time market data and numbers all in one screen for the first time.

"It will also give our management team access to data much faster and more efficiently, and all our employees, regardless of where they are based, will be working from the one system.”

AspectETRM is a unified solution for traders, risk managers, operations staff and back-office personnel which supports a wide range of functions from trade capture, managing positions, viewing exposure and analysing risks through to accounting. It is entirely Web-based so requires no additional hardware beyond existing desktop systems and mobile devices.

It uses On-Line Analytical Processing (OLAP) technology to enable ‘slice and dice’ reporting for quick data analysis and can be integrated with the AspectDSC market data platform to stream pricing and analytical information.

Aspect Enterprise Solutions provides enterprise class market information, trade and decision support tools for energy, metals and commodities professionals. The company delivers near real time position keeping, risk management, market prices and intelligence to users virtually anywhere, anytime. Trusted by over 500 corporations in more than 80 countries, the company's solutions routinely support more than $10Bn of transactions every day. They go live quicker, fit more exactly and deliver greater ROI yet cost far less to implement than first generation offerings. Visit http://www.aspectenterprise.com for more information.