Allegro ETRM
2 Reviews 5/5 ★ ★ ★ ★ ★An ETRM software for energy trading developed by Allegro and acquired by ION in 2019.
Product Overview
Allegro ETRM is an energy trading and risk management solution tailored for utilities and energy companies. Acquired by ION Group in 2019, this software supports a range of commodities like power, renewables, natural gas, liquid hydrocarbons, and environmental products. Keyeatures include a unified platform for managing positions, risk, and compliance, integration with advanced analytics for insightful decision-making, and an extensible framework adaptable to specific business needs.
Allegro can be tailored and expanded alongside business growth, offering a suite of additional modules to enhance its capabilities and automate processes. This includes features for data automation, risk mitigation, modernizing technology, and test automation, ensuring comprehensive management of energy transactions from deal to cash.
Pros
- Scalable and innovative platform
- Highly detailed trade lookups
- Centralizes credit information
Cons
- Pricing information unavailable from the developer
- Multiple data entry panes can slow down data entry
Target Market
Large-scale utilities and energy companies dealing with a variety of energy commodities such as crude oil and natural gas, chemical manufacturing, agriculture, utilities, and metals and mining. Its capacity to handle complex trading, risk management, and compliance makes it suitable for organizations navigating the dynamic landscape of energy commodities.Video Overview
Features
- Position Visibility: Provides a real-time view of trading positions and exposures.
- Risk Management: Tools for measuring and managing risk across the trading lifecycle.
- Advanced Analytics: Generates models for portfolio risk management, asset optimization, and contract valuation.
- Auditing: Offers granular audit trails to monitor compliance and maintain the integrity of trading records.
- Regulatory Compliance: Supports adherence to regulatory requirements with detailed reporting.
- Flexible Deal Capture: Customizable deal entry for diverse trading scenarios.
- Extensible Framework: Allows for tailored configurations and expansions to meet specific business needs.
- Integrated Logistics: Automates scheduling and connects seamlessly to operational systems for streamlined operations.
- Credit Management: Provides monitoring tools for limits and exposures to manage credit risk.
- Test Automation: Facilitates automated testing to improve software reliability.
Product Overview
Developer Overview
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User Reviews of Allegro ETRM
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Choosing Allegro more closely aligns our initiatives
We’ve been working with Allegro since 2008, using its platform to manage our hedging program to mitigate our fuel price risk. When the time came to upgrade our legacy fuel management system, it made sense for us to evaluate Allegro’s capabilities to manage our physical jet fuel business on an integrated platform. Choosing Allegro more closely aligns our initiatives to minimize business costs and maximize profits.
Using Allegro has really helped us to highlight and pinpoint certain areas
Before Allegro, we operated primarily on spreadsheets. Using Allegro has really helped us to highlight and pinpoint certain areas where we can do better, for example, credit exposure. If I could describe Allegro, I would say it’s scalable and innovative. It moves with our business.
