eSM moves to fully tested and automated usage in Europe beginning a race to implement on the Global Energy Network
Transformation often happens in subtle ways. Incremental steps marking milestones are not always newsworthy, but when one steps back with an impartial eye, it is impossible to miss just how much the back office has transformed over the past year. Commercial use of eSM on the Fidectus platform began in April 2020. Today companies have made Fidectus eSM an integral part of their back-office workflow. The immediate value of leveraging fully integrated Restful APIs while automating the post-trade process facilitates decreased costs and offers advanced cash-management tools. Dashboards and transparency have become the tools leadership use to set meaningful KPI's further transforming the business.
Additional operational savings is achieved by not having to support multiple workflows simply because a counterparty does not use eSM or eCM.
Although many are already in the process of moving to full integration, it is not required or, in some cases, not desirable to expend the effort today or possibly ever. The Fidectus path to eSM makes it easy no matter your company's budget, available resources, or the number of transactions. The combination of aggressive pricing models, including a free community edition coupled with enabling technology such as OCR and neural networks, means there are no obstacles for any size trader to benefit from the next generation post-trade processing.
Transforming your company's back office is not about getting the latest whiz-bang tech or blindly following standards. It is about using tools such as the Global Energy Network to drive the business. Our industry is in constant transformation. Many leaders have been cautiously watching and waiting to validate eSM and eCM work as described. Industry peers have tested and validated the Fidectus platform for over two years, culminating in the acceptance and use of the fully integrated solution this past month. The transformation of one of Europes largest energy companies from partial manual usage to fully automated mainstream workflow has pulled through numerous counterparties making eSM a strategic choice in 2021.