capSpire, Author at capSpire

Online Trade Execution is a Growing Trend in the Refined-Products Industry

POSTED BY capSpire ON December 14, 2018 IN Blog, Digital Transformation, E/CTRM, Gravitate

According to Microsoft’s 2018 Global State of Multichannel Customer Service Report, 88% percent of customers worldwide expect businesses to provide online customer self-service portals. This is especially true in the U.K. (92%) and U.S. (88%) where customer support has become an increasingly high priority. The Energy space is paying attention to this trend, and industry …

How You Can Use Allegro to Improve the Accuracy and Efficiency of Your Accounting Close

POSTED BY capSpire ON October 23, 2018 IN Allegro, Blog, E/CTRM

After your company completed its implementation of Allegro and fully transitioned to the new system, your back office has likely enjoyed a great deal of relief from many of the challenges of handling high trade volume. Even so, it is great to take a pause afterward to assess what other efficiencies and job aids can …

capSpire Expands Its European Headquarters

POSTED BY capSpire ON October 16, 2018 IN Blog, News

Following several years of continual growth, capSpire is pleased to celebrate the expansion of its European headquarters based in Cork, Ireland. For more than nine years capSpire has widely been considered the expert in energy and commodity trading technology; hence, capSpire’s European footprint has grown steadily across all service verticals including advisory consulting, project delivery, …

capSpire Sponsors 2018 Allegro User Group Meeting

POSTED BY capSpire ON September 7, 2018 IN Allegro, Blog, E/CTRM, Events, News

It’s one of the only events in the technology space in which users are given the opportunity to steer product development—and capSpire will be right there in the action. Held annually, the Allegro User Group (AUG) Meeting gathers Allegro customers representing some of the world’s most prestigious companies together in one place to discuss current …

An Intern’s Take: What It’s Like to Work at capSpire

POSTED BY capSpire ON August 30, 2018 IN Blog, Careers, News

David Skinner was the 2018 Summer Intern for the Gravitate team in Fayetteville, Arkansas, and is continuing to intern with the team during the fall semester. He is a senior at the University of Arkansas, where he is pursuing a B.S. in Computer Science. The first line of the company handbook states that “capSpire is …

Improve Customer Service and Sell More Gasoline in a Competitive Market

POSTED BY capSpire ON August 8, 2018 IN Blog, Digital Transformation, E/CTRM, Gravitate

Today’s market for buying and selling refined products is highly competitive and margins are tight. Lots of wholesale marketers compete for sales to a limited number of fuel buyers. Faced with a glut of choices, buyers tend to purchase based solely on who offers the lowest price at any given time. Unfortunately, in this landscape, …

Back by Popular Demand: Top Reasons To Upgrade to Allegro Horizon

POSTED BY capSpire ON July 19, 2018 IN Allegro, Blog, E/CTRM

Over the last few months, more and more companies have considered an upgrade to Allegro Horizon. Rest assured that since Allegro Horizon was first introduced in 2016, this newest version of the software has been through several successful implementations. It’s now tried and true, and has proven to be a valuable investment for many companies. …

Three Goals of capSpire’s Managed Services Offering

POSTED BY capSpire ON July 18, 2018 IN Advisory Services, Blog, E/CTRM

Did you know that capSpire provides managed services to clients that use commodity trading and risk management (CTRM) systems for their day-to-day management of trading, logistics, risk management, and accounting? Basically, it’s an ongoing relationship in which our consultants offer immediate support—whether on-site or remote—for issues as they arise. We want our clients to concentrate …

New from capSpire: Scalable ERCOT Trade Importer

POSTED BY capSpire ON June 29, 2018 IN Allegro, Blog, E/CTRM

If you have to enter trades manually into Allegro to replicate your trading activity on the Electric Reliability Council of Texas (ERCOT) trading platform, then you know what a time-consuming process this can be—especially as trades increase in complexity or volume. A complex trade with multiple details could take as long as a half hour …

Why Inventory Management is More Than Just an Accounting Problem

POSTED BY capSpire ON June 18, 2018 IN Allegro, Blog, E/CTRM

There is a common perception that utilizing inventory-management component within commodity trading and risk management (CTRM) systems is optional. It’s considered a way to make an accountant’s life easier and often relegated to a future stage of implementation if it is considered at all. There are a few reasons for this line of thinking. Accounting …