“We offer AspectCTRM, a Software as a Service (SaaS) application delivered in the cloud and includes physical operations to enable end-to-end processing for oil trading firms,” adds Hughes. The platform integrates front office trading, middle office storage, and physical operations with back office business and financial operations in one common system. It’s an affordable option for small to mid-size companies and—because of its ability to scale and deploy swiftly—is also used by some of the largest companies globally.
According to Hughes, Aspect Cloud has transformed the way businesses approach, deploy, and run commodity trade and risk management processes. Previously, large IT teams managed expensive traditional software and hardware that was complex to run and maintain. A“But now, with our two-in-one approach of collaborating CTRM with Aspect Decision Support Center, an online source to track real-time and historical market data including futures, spot and wholesale prices, we are conquering the market,” explains Hughes.
Built on Aspect’s robust AESthetics architecture, the platform is fully scalable, configurable, and standardized. It’s deployed to all Aspect customers and extends to indirect channels via its Aspect Partner Program (APP). “Partners are able to sell, integrate, deploy, build, and train in connection with Aspect’s platform,” asserts Hughes. One of the company’s prominent clients was using an older system and realized that they were not producing the required output and an overhaul wasn’t financially feasible. That was when they decided to approach Aspect for a complete makeover in a pocket friendly manner. Aspect transformed the legacy system and replaced it in 3 weeks with functions and functionalities matching the client’s requirements.
We solve the clients’ business challenges with full-featured trade, risk, transport, inventory, and financial solutions
Aspect has always taken pride in their market superiority and unique solution platform. “For the road ahead, we aim to provide the industry’s best cloud based solution alongside improving the bottom line, user experience, and overall performance of customers,” concludes Hughes.