Results Show 100 Percent of Customers Would Recommend Allegro
DALLAS, Texas, December 4, 2015 – Allegro Development, a leading provider of commodity management software, announced the results today of its third annual CTRM Value Study conducted by Commodity Technology Advisory (ComTech).
ComTech, a leading analyst in CTRM, interviewed 21 Allegro customers dealing in natural gas, oil or oil products, power, natural gas liquids, coal, emissions, renewables or freight commodities. Most converted to Allegro from other vendor-supplied systems, however, almost half were using spreadsheets or home-built systems prior to installing Allegro.
ComTech surveyed each respondent to assess the value of the customer’s investment against operational and financial impacts. Questions focused on access to information used in decision-making, cost containment and efficiencies, error reduction, ability to react to market and business changes, and other factors influencing ROI.
“The survey showed 100 percent of respondents were willing to recommend Allegro to industry peers,” said Patrick Reames, ComTech Managing Partner. “In my opinion, this is the most telling indicator that Allegro software possesses all the qualities a commodity-intensive business would need to derive long-term value from its CTRM investment.”
Key survey findings included:
• 86 percent of respondents stated that Allegro improved their visibility into daily positions and exposures.
• 76 percent claimed to have grown their businesses since implementing Allegro, with 94 percent using Allegro to leverage the expansion.
• 18 of 21 said the software reduced time and effort in calculating valuations and reduced errors associated with settlement and invoicing.
• 76 percent strongly agreed that Allegro helped them develop an effective regulatory compliance program.
• 96 percent of respondents felt that Allegro was able to deploy and/or integrate new, complementary technologies for better commodity management.
“We highly value the opinions of our customers and intentionally seek their feedback on our software as part of our ongoing quality assurance program,” said Frank Brienzi, Allegro CEO. “The success of our business is dependent on the satisfaction of our customers. Their input defines the direction of our product development efforts.”
To learn more about the survey and hear from ComTech’s Patrick Reames regarding the details, attend the webinar on this topic, December 10, 2015 at 10 a.m. (CDT). Visit https://allegrodev.wpengine.com/webinars to download the webinar today!
Allegro develops and markets integrated commodity management software providing position visibility, risk management, comprehensive controls and regulatory compliance. Allegro customers manage commodities from production to consumption, including oil and gas production, petroleum refining, agriculture and forestry, mining, chemicals, metals, food, transportation, commercial and utility sectors. Allegro software is tailored to the specific needs of each commodity, with a comprehensive set of features and functions to support profitable decisions. Allegro is headquartered in Dallas, with offices in Calgary, Dubai, Houston, Jakarta, London, Kuala Lumpur, Singapore, Sydney and Zurich.
For more information, please visit allegrodev.wpengine.com or contact Samantha Johnston at email@example.com or +22.214.171.12449.