Richard QuigleyCEO, DataGenic Ltd.
With 2009 now behind us and some embryonic optimism emanating from the media and global markets, this New Year has the potential to offer a more stable platform for business growth, than business consolidation in 2009 (for some). This was very evident in Q409 (traditional next year’s capex and opex budget setting time), with a notable number of clients with RFI/RFP’s for ETRM and data management solutions, with implementation starting Q1 and Q2 2010.
It is heartening for me to note that at least some organisations are placing value on data rather than treating it as an afterthought to the gilt-edged ETRM system. It is still not uncommon in the market to find organisations with multi-million pound - all singing and dancing - ETRM systems in place and yet are feeding this beast with an excel spreadsheet put together by a junior member of staff.
Fit for purpose software
Over the last 12 months, armed with the knowledge of the market requirements from our clients, our team has been working tirelessly to ensure our commitment through the release of Genic DataManager (GDM) 3.0 and two other major new optional module releases: Genic WorkFlow and Genic CurveBuilder.
As software releases go, GDM 3.0 is a major release for us, with a completely re-written front end in .NET, huge improvements in usability, as well as a host of new features. They include OLAP reporting, artificial intelligence, matrix management, scheduling, advanced formula editor, over 200 new formulas, reference data versioning, and many many more.
Genic WorkFlow has been used by our operations team for nearly a year, and we decided the software was road tested enough to provide to our clients. With visual processing mapping, workflow versioning, extensive auditing, full traceability and a host of other features, this latest optional module to GDM has been welcomed by our clients.
Genic CurveBuilder is certainly the most eagerly awaited of the 3 releases, offering a massive step-change over other 3rd party and client internally-built software for forward curve construction and management. Fully integrated with GDM and Genic WorkFlow, this module allows business users, with no IT experience, to build and manage complex forward curves. Furthermore, it offers deep audit logging, versioning and even a test area before you publish to the production application. This really is world-class designed software and I’m sure a demo of this application will prove what a world beater it is.
In November 2009, DataGenic won the prestigious Gold Award for Excellence in Energy Trading and Risk Management, which was a huge boost to the team’s effort over the past year. We will continue to develop innovative products, continuously listen to our clients and improve our support services in 2010. Our clients don’t stand still and neither do we.
