Abacus Solutions Inc is the developer of SATURN, an integrated enterprise ETRM system (front, mid, back office) with decision support capabilities and additional unique tools that offer solutions to key business functions.
SATURN is an enterprise business management system that integrates multiple corporate applications. It facilitates improved decisions and helps analyze corporate and functional risks, revenues, costs, and profits for a portfolio of plants, trades, and other assets. Using modern technology, SATURN helps users realise significant benefits and gain unique and sustainable competitive advantages. SATURN includes twelve (12) applications that offer solutions to key business functions:
Four reasons motivated SATURN's development. The first is the need for improved data quality. Experts estimate that 10?30% of the data flowing through corporate systems is inaccurate. The cost of bad data can be as much as 15?20% of operating revenue. The second reason is the need for integration. Much has been written about it, yet little has been achieved. Third is the need for insights. With recent advances in computer hardware and software, the amount of corporate data is increasing exponentially. Fourth, there is market pull. According to published surveys, energy risk management systems have experienced a historic replacement rate that has exceeded 60% in the last 10 years, with over half of surveyed companies onto their second, third or even fourth system. This is concrete evidence that legacy systems are failing to meet customer needs and emerging requirements.
Who can benefit from using SATURN?
All energy market players are potential users. Smaller entities with limited focus and limited IT capabilities can use SATURN as a service; larger companies with a broad footprint can benefit from the system integration and best-of-breed capabilities. Users of other ETRM systems can benefit from several of SATURN applications including market simulation, generation optimization, paramters estimation, load analysis, trade analysis, credit management, business intelligence, and portfolio management.
What are SATURN key benefits?
SATURN transforms data into actionable business intelligence and offers tangible benefits. It saves time and costs, reduces risks and mistakes, streamlines data mining and improves decisions. This is achieved by integrating applications, facilitating reporting and presentations, improving enterprise consistency and reducing redundancies.
Users can easily generate statistics about historic prices, load-weather relationships and generation, and transfer results to PowerPoint and/or other tools – all within 2–3 minutes. Price simulation parameters can be automatically developed from recent data and market quotes. Managers and executives can review performance updates through customized dashboards. Traders can quickly review updated market information and hedge positions as trades are entered into the system.
What are SATURN differentiating features?
A combination of eight (8) features differentiates SATURN from the crowded field of legacy ETRM systems:
