Announcing our New Partnership with Aspect to Meet Growing Demand for E/CTRM Solutions
November 7, 2016 – Boston, USA
Sapient Global Markets, a leading global provider of business technology and consulting services for the financial and commodity markets today announced a new partnership with Aspect, a leading provider of multi-commodity trade, risk and operations management applications delivered through Software-as-a-Service (SaaS).
Increasing regulatory and shareholder scrutiny has meant that commodity traders of all sizes need to abandon spreadsheets and similar unstructured tools in favor of more robust Energy/Commodity Trading and Risk Management E/CTRM solutions.
Even the smallest of commodity trading companies can have broad and complex requirements, which requires a fully-fledged application but at a total cost of ownership (TCO) that reflects their IT budget and the size of their business.
This, in turn, has led firms to consider alternatives to the traditional on premise implementation model. Formalizing a closer collaboration between the two firms under Aspect’s Partner Program, combines Aspect’s market-leading SaaS-based CTRM solution with Sapient Global Markets’ extensive track record and reputation for delivering business and technology consulting expertise to energy and commodity market participants.
Welcoming Sapient Global Markets as a strategic partner, Aspect CFO Seetha Bansil said the two organizations together made for a formidable global alliance on the commodities landscape: “Our respective market insights, approaches and ways of thinking fit well together and our different strengths complement each other perfectly. There’s no doubt that we’ll make a partnership that is much stronger than each of its component parts.”
“Commodity and energy trading firms are facing a number of challenges in today’s marketplace including decreasing profit margins and increased regulation, which has placed additional pressures on budgets,” commented Joseph Tabita, vice president at Sapient Global Markets. “Delivering proven C/ETRM software through a SaaS model is an increasingly compelling option for firms. Partnering with a proven firm in Aspect, we believe that together we can support these firms to deliver a more cost-effective approach that improves time to market and helps to lower TCO.”