ASPECT TO HIGHLIGHT KEY TECHNOLOGY ADVANTAGES FOR AFRICAN OIL TRADING COMPANIES AT ANNUAL AFRICAN REFINER’S MEETING - Top Stories news and analysis from Global Banking & Finance Review
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ASPECT TO HIGHLIGHT KEY TECHNOLOGY ADVANTAGES FOR AFRICAN OIL TRADING COMPANIES AT ANNUAL AFRICAN REFINER’S MEETING

Published by Gbaf News

Posted on March 19, 2014

2 min read

· Last updated: May 7, 2020

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No stranger to success in Africa, leading E-CTRM Vendor Aspect Enterprise Solutions prepares to once again sponsor ARA Week, the regions key annual gathering of oil industry professionals. Aspect will highlight enhanced physical operations functionality, and its ability to remotely service customers due to its powerful Cloud technology at the upcoming African Refiners’ Association (ARA) Week, in Marrakech March 24th to 28th.

Key Technology

Key Technology

Aspect’s Growing Impact in African Oil Markets

Users of Aspect’s market data and analytics portal, AspectDSC and its trade and risk management solution AspectCTRM now total in the hundreds across Angola, Republic Of Benin, Congo, Cameroon, Cote d’Ivoire, Ghana, Kenya, Mali, Nigeria, Senegal and South Africa.

Key Features of AspectDSC and AspectCTRM

Some key advantages include AspectDSC, with real time and historical futures, spot assessments, and news from leading sources like ICE, Platts, Argus and others — on the same technology platform as AspectCTRM. Price uploads are easy from one system to the next, and it’s all available via one password.

Aspect specialists also understand the marketplace better than any other vendor, with more than 75 customers, and hundreds of users accessing Aspect’s Cloud solutions.

Deep Regional Understanding and Client Service

According to EMEA Vice President of Sales Yagnesh Savania, who has been servicing his clients for more than 8 years in the region, “We know this market better than anyone. Our customers have business needs that are unique to Africa’s bulk oil distribution system. We help our customers make more profit with less risk.”

Cost Efficiency and Risk Reduction Benefits

And Aspect’s value proposition is key. Customers in the region get the tools they need to move away from spreadsheets, gain credit, and reduce risk, at a fraction of the price of older, traditional software solutions that require IT departments to manage them.

Cloud Technology and Customization for African Companies

The flexibility of Aspect’s product architecture and its Cloud delivery mechanism means the companies can easily customize and localize to accommodate specific needs. Being delivered in the Cloud is an advantage for these companies, because there is no hardware to maintain, or need for IT resources to maintain it. It’s an out-of-the-box solution ready to use in weeks.

To learn more about Aspect’s strength in the African region, visit these links:

http://www.aspectenterprise.com/resources/news/article_09_10_13.php and

https://www.aspectenterprise.com/solutions/aspect_ctrm/1314_africa_wp.php

Key Takeaways

  • Aspect leverages its cloud-based AspectCTRM and AspectDSC platforms to streamline trade, risk management, and analytics for African oil trading firms.
  • Their unified platform offers real-time and historical futures, spot prices, and news from ICE, Platts, Argus on a single password-accessible system.
  • Cloud delivery enables rapid deployment, customization, and minimal IT overhead, helping companies replace spreadsheets and legacy systems.
  • Aspect supports hundreds of users across multiple African countries including Angola, Ghana, Nigeria, South Africa, and more, showcasing deep regional expertise led by long-serving EMEA VP Yagnesh Savania.
  • The solution helps clients reduce risk, gain credit, and increase profitability at lower costs than traditional software requiring heavy IT infrastructure.

Frequently Asked Questions

What events will Aspect participate in?
Aspect will sponsor and exhibit at ARA Week, the African Refiners’ Association meeting, in Marrakech from March 24–28.
What products will Aspect highlight?
Aspect will highlight its cloud‑based AspectCTRM for trade & risk management and AspectDSC for market data and analytics.
How widespread is Aspect’s presence in Africa?
Aspect serves hundreds of users across countries such as Angola, Benin, Congo, Cameroon, Côte d’Ivoire, Ghana, Kenya, Mali, Nigeria, Senegal and South Africa.
What are the technology advantages offered?
Clients benefit from real‑time and historical data, one‑password access, rapid cloud deployment, customization, and reduced IT costs.
Who leads Aspect’s regional efforts?
EMEA Vice President of Sales Yagnesh Savania, who has over eight years of regional experience, leads the efforts.

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