Cepsa Trading Selects DataGenic for Commodity Data Management
Advanced data management functionality, forward curve construction and aggregated data feeds essential for the Cepsa Group strategic and operational activities.
DataGenic has announced today that Cepsa Trading has chosen DataGenic as a long term partner to support its worldwide oil and refined products supply and trading subsidiary. Cepsa Trading will use DataGenic’s enterprise class software to support its oil and refined products trading activities together with system integration with the Company’s ETRM platform.
A wholly-owned subsidiary of the International Petroleum Investment Company (IPIC), Cepsa Group employs more than 10,500 people and operates at every stage of the hydrocarbon value chain. It has a prominent position in Spain and operations in 15 countries, marketing its products all over the world.
Cepsa Trading is the Group´s business unit that carries out the supply and sale of crude oil and crude products for Cepsa, developing new business opportunities in International Markets, and it expects that significant business value, efficiency and business control will be created by the implementation of the new ETRM solution.
Charo Cepero, Finance and Risk Manager for Cepsa Trading, commented: “It was clear during the selection process that DataGenic have the best-in-class software and services with a clear vision and strategy required for a long term partnership. The DataGenic Platform is unique in it’s breadth of functionality, adaptable to our business needs and comprehensive in it’s data coverage. Operational agility is a top priority for Cepsa Trading and key to sustaining competitive advantage. We are convinced that DataGenic’s technological innovation will help us to achieve our business goals.”
“DataGenic will support Cepsa Trading in front-to-back office, with the following benefits
- Access to over 400+ normalised and quality checked data feeds
- Forward curve construction and management
- Custom and calibrated data integrity checks
- Support for International compliance regulations
- Full business process automation
- Seamless communication with key 3rd Party systems
- Comprehensive API’s for further development and integration
“We are delighted to be chosen as the long term commodity data management partner for Cepsa after a very thorough selection process and in competition against a number of established vendors. DataGenic’s multi-award winning products and services, including our recent addition of real-time data from the world’s leading exchange and our Spanish office in Santander to support Cepsa throughout the project and beyond, offer a compelling combination to our rapidly growing client base” commented Richard Quigley, CEO, DataGenic.