Momentum3 was presented with a challenge from an existing customer that hedges their fuel and lubricant products in storage to protect against market moves. The client utilized a manual process that did not support their growth rate or desire for more timely information. The client desired to increase accuracy while executing their hedging strategy as well as more accurately report on and value their inventory in bulk storage facilities, consignment locations, and reserves (i.e. for hurricanes). From a sales perspective, they also strived for the ability to better manage fixed price transactions with customers.
BlueMark Energy is a new energy marketing company that supplies wholesale and retail customers with Natural Gas in the Southcentral United States. As their business grew it became more difficult to manage the various aspects of their marketing business. The time required to capture trade information correctly in spreadsheets, manage physical positions accurately, and generate wholesale and retail invoices soon became a concern. They needed a system to help them capture trades more efficiently, actualize to pipeline statements quickly, and easily generate both wholesale and retail invoices.