Implementation of Allegro System Enables Global Energy Company’s Expansion into the Power-Trading Business
The U.S. subsidiary of a global trading, investment, and service enterprise wanted to expand into the power-trading business. The company had already implemented Allegro as its commodity trading and risk management (CTRM) system for its natural-gas-trading business, but needed the functionality and processes in place to support a power-trading desk. However, as a newcomer to the industry, the client wasn’t certain of the requirements for its Allegro system. capSpire provided consulting services to help the client identify business requirements, and then capSpire added custom extensions into the existing Allegro system.
Because the client was brand-new to the power-trading business, capSpire delivered a comprehensive consulting service that started with identifying all business requirements, such as what type of power the company would trade, what processes were needed to support these trades, how trades would be modeled in Allegro, how to accommodate the timing of power deals, how broker statements should appear, and how to set up interfaces with existing systems.