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AspectCTRM is the company’s multi-commodity trading and risk management solution based on Software-as-a-Service (SaaS) architecture and delivered in the Cloud. It provides comprehensive real-time position keeping, P&L, market risk analysis, shipping and financial operations functionality through a series of flexible modules.

Headquartered in the port city of Fredericia and with operations in Singapore, Dubai, US and Latvia, Monjasa had previously used a combination of ERP system and custom spreadsheets to manage trading, back office and physical operations. Monjasa deals in short term and long term bunkering deals of fuel oil and gas oil. It owns and operates its own fleet of tankers which act both as delivery vessels and floating storage.

Monjasa chose Aspect for a number of reasons, including its quick deployment timeframe, and because Aspect is the only Web-based solution provider that delivers all of its solutions on one platform, accessible via one password. Traders signed on to receive market data and analytics from AspectDSC, which interfaces with AspectCTRM, enabling futures, spot prices and curves to be streamed for deal valuation and real-time reporting.

AspectCTRM’s inventory and storage management capability - alongside its core trade, risk and market data functionality - made the system a natural choice for Monjasa as risk manager Frank Lausen explains.

Aspect, which has earned a reputation for rapid go-lives due to its Cloud-based platform, configured Monjasa’s system in just a few days from contract signing to deployment. It marks one of the fastest deployments yet for Aspect.