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Risk Management, Operations and Finance Software
This is an integrated application for capturing energy trading and risk management activity. The tool handles high complexity and provides the best user experience. It is highly customizable tool which can be tailored for clients. It provides predesigned API's for integration with different systems. It is best suited for a company involved in commodity trading, scheduling and operation, accounting and risk management.
Tool does not support power trading and therefore cannot serve as an end to end solution for a coal trading companies. The tool is based in two different applications, one which is based in power builder supporting contract management and accounting and another is .Net version which supports trading, scheduling and risk management. This causes a lot of discomfort to the users.
They arehihly specialized in the market.
Implementation of clients business in the system for seamless capturing of business data for book keeping, reporting and position management.
Openlink provides integrated solution with interface for scheduling, trade capture, valuation, compliance and limits monitoring, positional limits and risk reporting, collateral management.
Pricing model looks expensive. alongwith upgrades and consultants with subject matter expertise.
Openlink Endur eliminates manual data integration and reconciliation work required in trading operations.
Trading companies benefits from timely and accurate information for decision-making. It is single integrated solution for scheduling, trade capture, valuation, compliance and positional limits monitoring, position and risk reporting, collateral management.
Openlink can be configured to handle all operations across the life of any deal.
There is nothing that I dislike about openlink..
Openlink benefits are that they take away that cost for people looking to contact an Openlink Member.
The possibilities for customization for every company.
The old-looking user interface and skins.
Different aspects of risk management and reporting. Decrease of the human errors through authomation.
Openlink Endur a great ETRM tool.I worked on the tool as per my project assignment.For MO and FO, it is one of best in terms of commodity, energy trading.
It is quite costly software. Specially high maintenance cost makes it less affordable for smaller organizations.
Commodity trading related work and assignments. For this I really liked the application as it helped me to understand and work on FO-MO.
The company do provide a good customer service. The solution given is always well informed and with utmost quality. And they really do respond within the time frame expected. In Case of clarifications, it is easy to approach them for a accurate solution.
There was a time when the communication with the company was difficult due to resources lacking expertise in English in specific regions. I think this has been taken care later. I can't think of any dislikes I faced apart from this. And this is a story of almost 8 years back.
I have worked on Openlink tool Endur. I would say this is the means by which I learned trading. It includes all the aspects of trades in a single system making an easier management of your trades. The integrated solutions it have provides you with almost real time variations in your PNL which makes your decisions quicker
Openlink Endur - great product for commodities trading.I worked for more than 2+ years in FO, MO applications for Commodities project. one of the best application used by major commodity trading organizations globally.
Application though good but quite slow. also some feature like finding add in for HP ALM was a cumbersome task while we tried to do some automation in few Endur application for our project. Overall mantenance charge/renewal charge is high. That's why even many organisations these days looking for customized and cheap solution instead of Endur.
We used work for our commodies trading life cycle, MO related applications for trading activities taken up.
Being a robust, secure and reliable application,Endur was suitable for my project requirement.
I work as a business consultant and have many clients with different cases. I mostly consult finance companies, IT and influencers. Every client has something different they want so one of the most valuable things is reporting tools.
It is a bit hard to get into the tool to make most out of it. Having different clients across different segments means that it will most likely be different things each company wants to achieve, so making the learning process easier would be very helpful.
As a consultant it is important to show all the gathered information as easy as possible. Finance is not an easy segment and one of those where you have a lot of data. As I always try to use only couple tools to make it easy to manage for businesses, Openlink helps a lot by providing a lot of solutions.
I am using tool mostly for it's visualization tools. This being said, I mostly focus on risk management for businesses and to make this kind of information to be easy for any of board members to understand, because usually there are just few people related to finances, so it is important to show all the information as easy as possible to all people. I also try to use tools companies are already using so it is easier for them to keep doing things I show after I am done with consulting and Open link is popular tool across Finance segment,
Well designed platform, customisable for clients needs.
Premiere ETRM platfrom for commodities.
reporting and batch can be customised via C scripts.
The company has changed ownership manytimes. the product is no longer maintained, and expertise on system is lacking. Vendor has monopoly on system, therefore companies would need to be aware of vendor risk.
review the vendor risks with this vendor.
The advantage of using OpenLink Endur is the platform can be highly automated. PNL, intra, and end of day risk, custom reporting, trade management.
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I love the new Renewable energy trading on Openlink Endur - it allows transitional energy companies the features to trade renewables and still keep their positions in traditional energy transactions.
Website can be a bit sticky - I clicked on Oil & Gas and the page never moved (from the home page). Otherwise, the site is beautiful! As a sidenote - In 2004-5, I was contracted by an agency, Global Communication Works, to write all the OLF.com web copy, collaborating with a NY-based web writer. I wrote the entire Energy section, and he took the Financial section.
Personally, I don't use it - but I know a lot about it having written for them while Shell and Marathon were customers, and have personally talked with traders and originators who use the software solutions - at Southwestern Energy, Oxy as well as the other two companies mentioned - and they are all very satisfied with this trading platform.