CTRM Myth: An Off-the-shelf Commodity Management System Won’t Give Me the Flexibility I Need
Welcome back to our “5 Myths of CTRM” series, where we are debunking some of the most common myths surrounding enterprise commodity trading and risk management software (also known as CTRM software or ETRM software). So far, we’ve debunked the following myths:
- What I’m doing today is good enough
- CTRM software implementations take too long
- I can put analytics off for now
- CTRM solutions are too expensive
Today, we are debunking the fifth myth of our series: “An off-the-shelf commodity management system won’t give me the flexibility I need.” Those who believe this myth often turn to homegrown CTRM solutions, but we’re going to tell you why buying is better than building.
If you have thought about building your own commodity trading and risk management system, you are not alone. In fact, Commodity Technology Advisory reports that 70 percent of commodity businesses have at least considered building their own CTRM or ETRM software.
There’s no doubt you know your business better than anyone else. You know the ins and outs of your day-to-day operations and the small, complex idiosyncrasies and nuances that make your businesses unique. That said, it’s easy to think that no off-the-shelf CTRM software is ever going fit your business perfectly. Why spend money on licensing, installation, and configuration when you can build a solution yourself? That’s a great question – and one we answer in our latest e-book, “6 Reasons Building Your Own CTRM Software Costs More than You Think.”
You may know your business very well, but Allegro knows commodity management software better than anyone else. We’ve been building and leading the commodity management software industry for over 30 years. Over the decades, we have built a robust, flexible, and next-generation commodity management platform with advanced analytics that is unbeatable thanks to three proprietary elements:
- Unmatched Industry Expertise
From the executive staff to the support team, Allegro experts understand what makes commodity businesses flourish. In fact, we estimate that Allegro’s team collectively has more than 1,000 years of industry and domain experience. Unlike some of our competitors, we have been built for commodities from the ground up. We speak your language, and we know exactly what it takes to meet your objectives, whether you’re in the Americas, Europe, the Middle East, Africa, or the Asia-Pacific region.
- Configured CTRM Software for Easier Upgrades
With standard CTRM solutions, you have to create custom branch or scripting outside of your core code for unique business processes. Allegro’s cloud-enabled CTRM software, Horizon, gives you configurable software to match your unique business processes, allowing you to conduct easier upgrades, so your processes move forward in the core solution.
- Built-in Best Practices from 280 Tier-1 Customers
Standard CTRM solutions provide business flow determined by a small sampling of what those vendors believe to be true. Allegro’s Horizon CTRM software is built on market-based business process best practices, sourced from 280 of the biggest names in commodity management — right out of the box.
Want to learn more about how Allegro’s solution is built for your business? Contact us today.