ETRM digitization for a multinational energy company

Infosys Consulting has a 10+year relationship with a major energy company running multiple transformation projects.

Situation

The client wanted to digitize their energy trade and risk management (ETRM) solution to a persona based, business specific trading workbench.

Solution

Infosys Consulting implemented a four-step modernization program to modernize and digitize the trading function.

1. Assessed and designed processes: We aligned their processes to remove gaps and pain points, addressed regional, operational and season optionality, and removed inefficiencies.
2. Technology transition and reform: We modernized the IT estate and implemented a single platform with integrated modules to support end-to-end processes and adapt to market changes and low carbon trends.
3. Integrated and automated: Our solution reduces handovers and data entries, makes data available for analytics and insights, and includes price and risk management.
4. Sustain and improve: We sustained and improved the end-to-end process and system monitoring to measure performance and implemented a next gen trading platform with AI and algorithms.

Key customer benefits

1. Increased straight through processing from 40% to 70%
2. Faster decision making through near real time data insights
3. 100% of trading landscape migrated to cloud
4. Opex cost reduction through extreme automation (~$12M savings)
5. License cost optimization through application modernization and open-source adoption (~$15M savings)