Finnish Industrial Company Goes Live with Allegro Horizon Ahead of Schedule
Another Nordics Company Chooses Allegro Horizon CTRM Solution to Manage Commodities
LONDON, UK, October 16, 2017 – Allegro Development Corp., a global leader in commodity trading and risk management software, announced today that a major industrial company in Finland selected Allegro Horizon, a cloud-compatible commodity trading and risk management (CTRM) platform, to manage its European commodity operations and has undergone a successful and ahead of schedule go live.
With a focus on operations in the Nordic market (Nordpool), the Finnish company had previously been long-time users of a different legacy system. After a recent evaluation of their business processes, the Finnish company identified the need for an extensible and scalable CTRM solution with coverage of the Nordpool and Central European financial and physical markets, as well as integration with Nasdaq OMX and EEX. Additionally, the company requires a robust, bidirectional data exchange to their in-house business warehouse.
During an initial eight-week phase, Allegro and one of its key global partners in world-class design and technical support services, LEAD Consult, demonstrated Allegro’s innovative and flexible functionality in its Nordics-specific solutions. This partner collaboration, combined with Allegro’s rise in the Nordics market, made Allegro’s CTRM software the most logical choice for the Finnish company expecting to take the solution live in less than 3 months. The seamless go live was successfully completed ahead of schedule.
Frank Brienzi, CEO, Allegro
“The onboarding of another Nordics customer can be attributed to our plug-and-play Nordics solution with topology, exchanges and pre-configured price feeds, as well as our strategic partnership with LEAD Consult. We are looking forward to continuing our expansion into the Nordics region with a tailored, proven solution and timely implementation.”
Project Manager, Finnish Industrial Company
“Both the Allegro implementation project and go-live have been a big success. The key success driver for the project has been Allegro’s ability to be integrated with our in-house business warehouse facilitated by LEAD Consult solution components. We were able to retain major existing investments around reporting and significantly reduce the amount of testing needed.”
Alexander Nikolov, CEO, LEAD Consult
“We are proud to be given the opportunity to demonstrate our standard Nordic implementation approach, delivering leading CTRM software ahead of plan and budget, whilst meeting all the client’s requirements. Our investment in creating a specific solution for Nordic companies means we have created powerful possibilities for our customers. You get all the flexibility of Allegro’s solution using a fast-track implementation path. As an independent service provider, we always strive to give the best possible advice to our customers. When the advice is about a recommendation for a CTRM system, Allegro has made our decision easy in the recent years.”
About LEAD Consult
LEAD Consult delivers world-class professional design and technical support services. Offered services are renowned for quality along with highly ranked project management. Throughout its history, LEAD Consult has saved its clients big time through superior design services and built-in value engineering. “Whenever we face an issue our partners at LEAD Consult respond quickly with effective solutions to our problems” (Jonas Ekblad, Head of Middle Office, Modity Energy Trading AB).
LEAD Consult strives to be recognized locally and regionally throughout Europe as a hub of experts capable of addressing complicated technical problems and contributing to client success. To learn more about LEAD Consult, visit www.leadconsult.eu.
Allegro develops and markets integrated commodity management software for companies who buy, sell, produce or consume commodities. For over 30 years, Allegro has delivered position visibility, risk management, comprehensive controls and regulatory compliance through its forward-compatible, next-generation architecture. Headquartered in Dallas, Allegro has offices in Calgary, Dubai, Houston, Jakarta, London, Singapore and Zurich, along with a global network of partners. For more information on Allegro, visit www.allegrodev.com.