Houston and London – August 2, 2016 – U.S. refiners with outdated trading, transaction and risk management systems can overlook millions in potential annual revenue, according to a study commissioned by OpenLink, the global leader in trading and risk management solutions for the energy, commodities, corporate and financial services industries.
Hobson & Company, a research firm focused on return on investment (ROI) and total cost of ownership (TCO) studies, conducted a sample survey of eight of OpenLink’s existing energy clients, finding that a refinery operation with an implemented ETRM system could potentially save up to $5.6 million each year in improved operational efficiencies, amounting to nearly $30 million in savings and revenue growth over a 5-year period. The annual benefits add up as follows:
The study, “Driving ROI: The Business Case for a Comprehensive ETRM Liquid & Bulk Commodities Solution” captured the collective benefits participants attributed to their ETRM solutions. Clients saw a range of improvements, including:
“This study is a remarkable illustration of the rewards that come with investments in comprehensive ETRM solutions,” said James Potts, Director, Americas Energy & Commodities for OpenLink. “The research presents a fuller understanding of the ROI, and the business growth that can be sustained despite the demands of complex regulations and market volatility. A company that makes a five-year investment in ETRM solutions can generate positive returns within 14 months and can capture an astounding 432% ROI.”
The research paper can be downloaded here http://bit.ly/2a3Rprh