FORRS
FORRS is an independent management consulting company with a strong focus on energy and commodity trading businesses with clients across the EMEA, APAC and MENA regions.
Based on our experiences and capabilities in the energy and commodity markets, we strengthen the competitiveness of our clients by increasing efficiency and effectiveness in their trading units.
A key element of our capabilities is Energy Trading and Risk Management (ETRM) systems – the core component of any professional trading architecture to manage deal lifecycles and trading activities for all kinds of portfolios and in any market situation.
FORRS designs and implements entire trading architectures and especially business processes surrounding any ETRM system. Typical challenges are legacy components and systems, which need to be effectively integrated or decommissioned cost-effectively. Previse provides a cloud-native modern architecture approach that enables clients to conduct architectural redesigns even more effectively and eliminating legacy components and systems in the future.
FORRS accompanies clients on the journey to modernise their trading architectures with a comprehensive, tools-based, consulting approach. Typical milestones of a transition roadmap are:
Requirements analysis and business process design – which includes a complete GAP and benefits analysis as well as an implementation roadmap of the transformation.
ETRM implementation and architectural design and integration, which includes specifications, as well as configurations and technical implementations of core functionalities and interfaces.
Valuation and pricing methodology and curve design – which includes a complete data management concept and the implementation of valuation and pricing models.
Enabling the Previse platform – Data migration and transformation to the Previse platform is performed using tools to optimise the time-to-market for the benefit of the client.
Design of target operation models (TOM) – which includes the design of outsourcing and/or business resilience concepts
FORRS provides tailor-made services for clients, based on a portfolio of tools that enable us to act fast and effectively, for the benefit of our clients and their ETRM architectures.
Joint Initiatives with Previse Systems
January 2022 - Previse Systems Kicks Off ETRM Educational Mini-Series
