Case Study: Concord Energy achieves rapid 3-week cloud CTRM deployment and one-third total cost of ownership with ION Aspect

Concord Energy - Customer Case Study

Concord Energy, a multi‑billion dollar Singapore‑based oil trading company active across South East Asia, the Middle East, Europe and Africa, needed a seamless front‑to‑back replacement for an underperforming CTRM system. Concord selected ION Aspect and its cloud SaaS product AspectCTRM to provide a unified trading, risk and back‑office platform that could meet the firm’s operational and reporting requirements.

ION Aspect deployed AspectCTRM in just three weeks and two days (one day ahead of schedule), with no additional hardware or in‑house IT required, cutting implementation cost and total cost of ownership to roughly one third of the displaced solution. The solution delivered real‑time deal capture, position keeping, mark‑to‑market, broker statement uploads and full auditability; Concord completed end‑of‑year processing successfully and on time, improved trading visibility and risk controls, streamlined reconciliations, and realized significant time and cost savings versus traditional CTRM alternatives.

Concord Energy