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Schneider Electric Signs Groundbreaking Partnership Agreement

Posted by Chris on September 3, 2014.

Global specialist in energy management, Schneider Electric, has entered into a sales and implementation partnership with top Cloud E/CTRM vendor Aspect Enterprise Solutions. This will allow SMEs to access a complete risk management software solution, offering the most comprehensive Commodity Trading and Risk Management (CTRM) solution to the energy trading and risk management space.

schneider-electric

Schneider Electric is the leading provider of market information and the largest provider of proprietary news, weather and analysis. They are a huge company that sell a wide range of different products and services; you can find their industrial boxes with us here.

Aspect Enterprise is the market leader for ‘Software as a Service’ solutions in the global energy and commodity physical trading sectors and offers the only web-based, multi-commodity, integrated risk management solution.

The partnership will create a holistic CTRM solution.

The cloud-based system is relatively cheap so SMEs can manage trading operations with a full view of what’s going on.

"This opportunity to work with Aspect is one we firmly believe will bring new value to our customers in our core energy businesses. We have a strong customer base, and proven sales and account teams that can deliver tremendous value by working with Aspect and levering their ability to quickly deploy and deliver accessible, affordable Cloud solutions to the mid-market, like no other company in the world today," said Michael Browne, Vice President, Analytics and Trading at Schneider Electric.

Aspect President and CEO Steve Hughes said, “This is very exciting. We've been working towards this goal for a long time as part of our Aspect Partner Program. Our customers will benefit from this terrific new partnership. Schneider Electric has deep knowledge and understanding in the industry, and complements our processes and solutions. It's a recognized brand that we can grow with. There's huge cost efficiency savings in this for end-user companies looking for a solution."

About the Author: Chris Horridge

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