Crude and Refined

With ETRM find greater ROI deeper down in your business

  • The Challenge

    Companies with crude oil and refined products face continuing volatility in both price and demand, and there is an imperative to have an ETRM solution to aid decision-making and manage supply operations in near real time.

    At the same time, pressure on operating costs is driving an emphasis on efficiency in contract management, logistics, inventory management, order processing, regulatory tax reporting and settlement. The management of credit and the prevention of unauthorized trading activities are very much on the agenda.

    The Opportunity

    The opportunity for improved profits lies within the operations of the business itself  within the chance to create a single resource including all relevant data, by breaking down silos in the organization, and through applying and sharing deep expertise up and down the enterprise.

  • The Openlink Solution

    Openlink provides a complete solution for crude oil, refined products and NGLs supply management – from deal capture through trading, scheduling, logistics and inventory management, to rack management and lease management through to settlement, risk analysis reporting and treasury management. This way, processes are streamlined, and business gets more timely and accurate information for decision-making.

    Openlink tracks all transactions related to inventory and exchange agreements, including storage, cargos and in-transits, providing real-time volumetric and financial position reporting. This enables companies to analyze current and projected inventory balances and optimize inventory levels.

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    • Simplify and speed up settlement

      Challenge

      Crude oil, refined products and natural gas liquids are subject to a wide range of costs before they can be sold including transportation and product re-grades. In order to settle with upstream owners and producers, companies need to track and calculate these costs. However they often do these calculations in spreadsheets right now.

      Solution

      Openlink captures all pricing and cost components required to accurately calculate settlement, including transportation, demurrage, product re-grades, logistics costs and differentials.

    • Deliver an aggregated, real-time volumetric and financial view of positions and risk in a single system

      Challenge

      With multiple points of origin, massive volumes of coal in-transit and inventory piles of variable grades, keeping track of inventory is complex and is typically managed outside procurement systems. As a result, companies have to manually input data into fuel budget planning tools and often err on the side of holding too much inventory.

      Solution

      Openlink captures all pricing and cost components required to accurately calculate settlement, including transportation, demurrage, product re-grades, logistics costs and differentials.

    • Avoid supply disruptions with integrated logistics

      Challenge

      Refiners and marketers need to deliver the right product at the right time to the right location. Purchases need to be made by traders many months in advance, and then schedulers need to manage logistics and transportation either by voyage or pipeline. But the schedulers and traders often share information in an ad-hoc fashion. In addition, schedulers need to closely monitor the supply chain to ensure product is on schedule for target delivery dates.

      Solution

      With Openlink refiners and marketers can manage purchases against a budgeted requirement and seamlessly coordinate with schedulers managing voyages or pipeline transportation.

      Our solution manages the flow of scheduling and inventory information from nomination through movement for all major transportation methods, including vessel voyages. And you can see and track product flows over time.

    • Improve efficiency in contract management

      Challenge

      The business of supply management is all about buying and selling of products and generating contracts. However, in many companies, deal information is communicated by traders over the phone or via informal emails. And contracts are created manually.

      Solution

      Openlink captures deal terms directly from the trader and uses this data to produce a formal contract. Contract details are then available for the back office to settle for accounting. From deal entry, the remainder of the system is updated on a real-time basis so every other department knows that a new deal has been entered.

      In addition, Openlink produces the formal contract and provides full contract management functionality including a management dashboard.

    • Utilize real-time reporting to optimize inventory management

      Challenge

      Refiners and marketers need to deliver the right product at the right time to the right location. Purchases need to be made by traders many months in advance, and then schedulers need to manage logistics and transportation either by voyage or pipeline. But the schedulers and traders often share information in an ad-hoc fashion. In addition, schedulers need to closely monitor the supply chain to ensure product is on schedule for target delivery dates.

      Solution

      Openlink captures all pricing and cost components required to accurately calculate settlement, including transportation, demurrage, product re-grades, logistics costs and differentials.

       

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