More NewsAET Goes Live on Aligne for Energy Trading and Risk Management

AET Goes Live on Aligne for Energy Trading and Risk Management

AET, a European public electric utility company, has gone live with SunGard’s Aligne for energy trading and risk management (ETRM). Aligne helps streamline the trade lifecycle for AET’s power business, and provides centralised risk monitoring.

AET selected Aligne because of its fully integrated front-, middle- and back-office and bi-directional interface with enterprise resource planning (ERP) systems. Aligne includes support for physical power trading, generation management and position hedging, transmission management, price and credit risk management, settlement and invoicing and independent forward curves.

“We were using different systems and time-consuming spreadsheets to manage our cross-border power trading and other various business processes,” said Giorgio Tognola, head of trading and sales, AET. “SunGard fully understood our requirements and helped us consolidate our physical positions under one system that seamlessly integrates with our ERP system. Cross-border power trading between different countries in Europe can be complex, due to different regulatory requirements and market structure. Aligne helps us trade power more efficiently between Austria, Germany, Italy, Switzerland and France. Finally with Aligne we achieved the necessary transparency in our portfolio.”

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha