Technology advisory house of the year: Accenture

Energy Risk Awards 2017: Global advisory proves CTRM capabilities

Baris Ertan, managing director, Accenture

Leading advisory firm Accenture has continued to expand its technological offering in the commodity trading and risk management (CTRM) arena by providing a long list of products and advisory capabilities throughout Europe, Asia and the Americas.

In 2016, the firm’s technology advisory services were utilised by energy market participants in Ireland, Japan and Mexico, where deregulation has raised challenges and opportunities for which Accenture has designed and implemented IT tools and infrastructure. The company has also advised a number of US-based liquefied natural gas (LNG) exporting clients on building robust CTRM systems.

Accenture’s skillset sits at the front of evolving technological frontiers, unique to the energy, utilities and chemicals markets. As such, the firm assists clients with cloud integration and road-mapping technological strategies through customised IT platforms.

Through continual in-house training, Accenture stays ahead of the game with its understanding of the needs and capabilities of leading vendors and exchanges. As a result, the company’s ability to deliver large, complex trading and risk projects and support its clients’ business operations and attendant software applications on an ongoing basis has continued to expand.

“Accenture continues to embody a ‘one team’ mentality and consistently demonstrates they have our best interests in mind,” says one client. “Accenture regularly goes above and beyond to help out in any way they can. The team, with their quality delivery and trusted guidance, is helping us to make this journey as seamlessly as possible. In addition, the Accenture team provides clear, concise recommendations in a professional manner and is not afraid to have challenging conversations for the betterment of our business.”

In 2016, the company’s commodities trading clientele expanded by around 30%, paying homage to Accenture’s growing reputation as a leading technology advisory in CTRM markets.