Ag Energy Co-operative Ltd. Upgrades to SAS BookRunner® v12 to Facilitate Business Expansion
CARY, N.C., Feb. 5, 2013 /PRNewswire/ -- Ag Energy Co-operative Ltd., Ontario's largest agricultural energy co-operative, is upgrading to RiskAdvisory's SAS BookRunner v12 commodity trading and risk management (CTRM) software solution to expand its analytics, reporting and credit risk management capabilities. RiskAdvisory, a division of SAS, is a leading provider of integrated risk management and analytics solutions.
Ag Energy, which supplies natural gas, electricity and related services to agricultural organizations in Ontario, including greenhouses, agritech and agrifood firms, began using BookRunner v11 in 2006, when its expanding client base required more complete capture and tracking of energy commodity transaction details. In 2009, Ag Energy began adding more customers when it broadened its definition for membership to enable virtually every type of agricultural business to benefit from its energy supply services.
That membership expansion has led to a nearly 40 percent increase in natural gas sales volume over the last three years, and a strategic plan is in place to continue this growth. In response, Ag Energy is upgrading to BookRunner v12 to take advantage of the CTRM solution's SAS Analytics Workbench component, a graphical tool that runs analytics and builds credit and market risk models in a centralized and controlled environment.
"Ag Energy's upgrade to RiskAdvisory's BookRunner v12 software will help satisfy our need to better understand current and future financial exposures," said Bob Webb, Energy Portfolio Manager for Ag Energy.
"Our purchase of BookRunner v11 originated from an uptick in our client base due to our expansion into electricity services and need for a solution that could track both natural gas and electricity. This upgrade is due to another increase in business expansion: we need the more sophisticated reporting and analysis features available in Analytics Workbench to manage our business growth."
About RiskAdvisory, a Division of SAS
RiskAdvisory, a division of SAS, provides the next generation of commodity trading and risk management (CTRM) solutions through Enterprise Commodity Risk Aggregation and Analytics (ECRAA). Its SAS BookRunner suite helps utilities, oil and gas, financial services, manufacturing and other firms mitigate risk and optimize business value in volatile markets. RiskAdvisory is also a leader in compliance software solutions that enable firms to streamline their response to Dodd-Frank and other new regulations, while continuing to drive business value. The firm provides specialists for on-site consulting on Dodd-Frank compliance. Learn more at www.RiskAdvisory.com.