Case Study: Largest Integrated Energy & Commodity Trading Company achieves faster trade settlement and millions in savings with Xchanging

Global Commodity Trading Company Saves Million

Xchanging worked with the Largest Integrated Energy & Commodity Trading Company, one of the world’s largest integrated energy and commodity traders. The customer’s operations were spread across multiple locations with different processes and technologies, which slowed trade turnaround and settlements, complicated acquisition integration, and contributed to poor liquidity management, working capital inefficiency, forex losses, and limited business insight.

Xchanging implemented a consolidated shared-services model using its reconciliation and business processing services for back-office accounting and middle-office processes. The result was faster settlement turnaround, with business-critical trades completed in 4 hours and normal trades in 6 to 8 hours, plus a 75% improvement in bank reconciliations, a 40% reduction in operations cost, reduced trade voids saving millions of dollars, and stronger real-time visibility, STP rates, and compliance.