Test Drive EFETnet Software:
See for yourself just how easy EFETnet software is by testing the demo.
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What do energy traders say about EFETnet?
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EFETnet was implemented at RWE Trading in Summer 2004 and so far, all of our expectations have been fulfilled – the new process is fast, secure, and drastically reduces our manual effort. From RWE’s perspective, these cost savings are nice, but our real benefit will come through the reduction of operational risk. A single manual error leading to a mis-matched trade not recognized until delivery can lead to a significant commercial loss. By fully automating the process, and by taking out manual intervention, we are greatly minimizing this risk.
Malte Möller, Head of Back Office Germany
RWE Supply & Trading
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For us at Electrabel, the EFETnet implementation is a major step in optimising our Back Office processes. This enables us to provide better services to our clients, the Traders, which is what a Back Office is all about. At the same time, we can reduce the operational risk by excluding manual errors and finding trade mismatches much faster than in the old manual process. Thus we will achieve a better service quality, while at the same time reducing cost by a factor of 10. If we just count the trades with those 10 of our counter parties, who are already committed to EFETnet, we are already talking around 60% of our trading volume which is fully automated in the Back Office. This alone justifies the initial investment, and the ROI picture will become even brighter once more of our counter parties join.
Filip Sleeuwagen, Head of Back Office
Electrabel GDFSuez SA
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At EDF Trading I am responsible for the in-house development and support of a fully integrated real-time front to back office multi-commodity energy trading and risk management systems incorporating leading edge technologies. After testing EFETnet, we soon realised it was a perfect tool for our trading floor. The traders can now spend more time doing thier job, and less time with paperwork.
Saeed Patel
EDF TRADING, London
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