Fujitsu Singapore has implemented an Energy Trading Risk Management (ETRM) system for JX Nippon Oil & Energy Asia.
The implementation was done in record time for the Singapore-based petroleum trading venture and involved the deployment of a full front, middle and back office ETRM solution.
JX Nippon Oil & Energy Asia wanted a proven ETRM system that would scale up to the demands of their expanding energy trading business.
The company finally decided to engage Fujitsu Singapore for an end-to-end project management from the solution selection process to implementation and maintenance.
"Fujitsu has a proven track record of working with partners to deliver exceptional business outcomes for customers in a short period of time, and this project was no exception. Because of this, Fujitsu was well-positioned to set up an ETRM system on time and within budget, as per the requirements of JX Nippon," said Wong Heng Chew, country president, Fujitsu Singapore.
Fujitsu was able to set up the ETRM system within a tight deadline by the rapid implementation of the packaged solution.
This enabled the trading venture to be operational within a short period of time.
As per the agreement, Fujitsu will also manage the IT infrastructure for the ETRM system, which is hosted on Fujitsu Cloud IaaS Trusted Public S5, a public cloud service that brings enterprise grade levels of security with ISO27001 certification.
This service frees up IT resources, reduces capital expenditure, and allows customers to focus their attention on managing the organisation's IT infrastructure.
"With the successful implementation of this project, Fujitsu has once again demonstrated its strength in project management capabilities," added Chew.
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