New York – July 17, 2012 – Openlink Financial LLC (Openlink), a leading provider of commodity/energy trading and risk management (C/ETRM) software solutions, released findings from a recent webinar, “Managing Energy Costs in Energy-Intensive Industries,” which surveyed senior energy and commodities industry professionals.
The survey revealed industry participants’ priorities and greatest challenges in these sectors. When asked about the most crucial factor for maximizing energy supply efficiency and minimizing costs, participants said:
Jayesh Parmar, Partner from Baringa’s Energy Advisory Service (EAS) practice, said, “These variances in energy procurement prices will only magnify as volatility in the global marketplace increases. The survey results are in line with what we are seeing in our advisory business, and it has become very clear that in order to meet clients’ needs, firms will require a more proactive approach, leveraging robust solutions and real time-data.”
Dr. Markus Seiser, Openlink EVP of Global Product Marketing, said, “Inherently, energy firms maintain a high degree of price exposure and accordingly need to manage such to stay competitive. Openlink provides solutions that maximize profits and improve companies’ ability to timely recognize the correlation between production costs, price, and volume exposures via one system and one common database.”
To learn more, watch the Managing Energy Costs in Energy-Intensive Industries webinar.
To learn more about how Openlink Solutions can work to improve ROI and streamline operations in your business, contact us for a free consultation or no obligation demo.
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