S o l Ar c
Managing a Multi-Commodity Trading Enterprise from a Single Platform Solution SolArc offers a comprehensive, multi-commodity supply and trade management solution for the energy and utilities industries. The flagship product, SolArc RightAngle, integrates deal capture, scheduling, inventory management, pricing, accounting, position reporting, and analysis in a single platform solution. The integrated platform creates a new category of software solutions called enterprise trade management (ETM).
• Actualize movements to identify exact shipped volumes and imbalances – barge gains/losses, rail overages/shorts, and terminal gains/losses • Manage inventory balances by basin, product grade and quality, storage and shipping terminals, freight district receipt/delivery location, and volumes in-transit
Solution Provider
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Since it was introduced in 1994, SolArc RightAngle has become the leading enterprise trade management solution for coal, fuel oil, crude oil, natural gas liquids, and refined petroleum products. Used by leading utilities such as American Electric Power, Dominion, and Dynegy, SolArc RightAngle provides the tools needed to capture a commodity purchase, sale, or transportation contract and apply pricing to value the physical movements based on delivered grade, quality, and logistics services. To manage market and delivery risk, SolArc RightAngle provides physical position reporting and inventory management capabilities to determine the financial exposure and profit/loss of a company’s total position.
An Overview of SolArc RightAngle SolArc RightAngle allows utility companies to: • Manage deal capture and contracts for physical sales, purchases, exchanges, logistics (truck, rail, barge, and vessel) and storage (blending) as well as financial swaps, futures, and options • Capture complex trade terms in a single contract with different product specifications, exchanges, split delivery timing, and multiple receipt and delivery requirements. • Utilize industry price information from multiple sources • Include lab analysis results to calculate quality price adjustments
Enforcing Operational Discipline Through ETM SolArc RightAngle enforces a strict operational discipline on the workflow throughout the trading enterprise. By establishing a standardized procedure that captures every scrap of data associated with a specific trade with a minimum of duplicated effort, the trading enterprise can produce more accurate reporting that will allow them to better manage the business. Once the initial deal information has been entered into SolArc RightAngle, it can be shared across all departments without the need for re-keying. Schedulers will be able to input all secondary costs required to actualize movement of physical assets, such as barges, railcars, pipelines, tankers, etc. By capturing all secondary costs and seeing them aggregated across the enterprise, schedulers will be able to better manage previously hidden costs, such as loss due to spillage or transportation handling. By giving the operational accounting depar tment complete trading and scheduling data, it can assign secondar y costs to specific transactions, properly account for fees, tariffs, and logistics contracts, and check for exceptions where delivered goods var y from the invoices. The results are fewer unapproved costs to write off, reduced inventor y reconciliation, and more accurate settlement numbers, which affects ever ything from profit/loss statements to inventor y valuations.
w w w. U t i l i t i e s P r o j e c t . c o m
Brad Anderson Co-founder and Chief Executive Officer David Dunkin Co-founder and Chief Strategic Executive Dale St. Denis VP of Solutions Marketing Catherine Hughes VP of Professional Services SolArc, Inc. 320 South Boston, Suite 600 Tulsa, OK 74103 Phone 918.594.7320 Toll-free 888.594.7320 Fax 918.594.7330 BUSINESS CONTACT
Dale St. Denis VP of Solutions Marketing
[email protected] Phone 918.594.7320
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