OpenLink

Solutions

• STP Energy Markets Solution
  • Front-Office
  • Middle-Office
  • Back-Office
  • Logistics
    • pMotion
    • gMotion
• Energy Trading Solution
  • Front-Office
  • Middle-Office
  • Back-Office
  • Logistics
    • pMotion
    • gMotion
• Enterprise-wide Risk Management Solution
  • Front-Office
  • Middle-Office
  • Back-Office
  • Logistics
    • pMotion
    • gMotion
• Global Energy Back Office Solution
  • Back-Office
  • Accounting
  • Logistics
    • pMotion
    • gMotion
• Custom Solutions
  • Crude Oil/Refined Products
  • Natural Gas/NGL
  • Power
  • Precious & Base Metals
  • Soft Commodities
  • FAS 133/IAS 39
  • Operational Risk
• ASP Services
  • Key Features
  • Awards

Market Focus

• Crude Oil/Refined Product Firms
• Global, Fully Integrated Energy Companies
• Electric Utilities
• Local Distribution Companies (LDC) & Municipalities
• North American Pipeline Companies
• Natural Gas/NGL Companies
• Commercial/Investment Banks
• Hedge Funds
• Other Entities

Global Energy Back-Office

Energy Operations Re-defined

The Global Energy Back-office (GEB) solution focuses on productivity improvement and cost reduction by streamlining back-office processes and workflows and eliminating manual workarounds throughout the entire life-cycle of transaction management, from start to finish.

The Endur-based GEB automates and optimizes an extensive range of traditional back-office tasks such as trade confirmations, settlements, accounting and end-of-day reporting, (sub-ledger posting, standard system reports and integrated third-party reporting tools). GEB also helps manage cash forecasting, profit and loss attribution, reserve calculation and/or distribution, regulatory reporting, tax calculations, balance generation and financial settlement details.

In addition, GEB's Accounting Manager uses a rules-based approach that allows you to model your chart of accounts exactly as desired, auto-correct ledger entries, automate FX translation, generate multi-currency and multi-year P&Ls, and address full FAS 133 and IAS 39 compliance requirements.

GEB features an extensive library of standard system reports and integration with third-party reporting tools.

GEB's open and flexible back-office configuration facilities allow for a high degree of system customization so GEB can blend easily into your existing environment. It also leverages its STP and automation facilities to eliminate any bottlenecking tasks. GEB's robust integration tools play a key role in addressing whatever connectivity requirements you may have, once again leveraging all of your existing investments such as trade capture, scheduling, and risk systems in a seamless, tightly integrated environment.

To protect the integrity of your production data, we have endowed GEB with the most vigorous security and auditing facilities. The system maintains a full audit trail, showing details on Who, When, and What has changed. GEB also forms an important component of the larger OpenLink Energy family, providing other front, middle, and logistic solutions. In other words, if a future requirement arises in any one of the solutions, GEB can readily extend "seamlessly" to cover other functional areas mostly by just switching on a new OpenLink module. This represents a huge saving in implementation alone!

Finally, we built GEB on OpenLink's NGX platform, the most advanced, scalable and reliable technical platform for your demanding back-office requirements.

GEB offers a suite of back-office business modules with these key applications:

• Settlements Desktop: a centralized hub to manage all external and internal messages and documentation including confirmations, payments, invoices, delivery payments, and reset notifications.
• Accounting Manager: generates sub ledger entries and supports all accounting methodologies, including MTM, accrual, cash, and hedge accounting.
• Operations Manager: performs multiple trade administration and back office tasks such as Trade Validation, STP Exception Processing, Nostro Transfers, Custodial Transfers, Collateral Management, Deal Fixings, Options Exercise, Corporate Action Maintenance, Cash and Inventory Management and Report Generation.
• Client Relationship Manager (CRM): a quick and easily accessible dashboard providing traders and sales staff with vital client and counterparty information, including client trade activity, contacts, notes, credit attributes, contract information, and settlement instructions
• Tax Module: Provides a standard framework to capture all tax jurisdictions, rates, exemptions, taxes and adjustments for all of the physically settled transactions in Findur.
• Broker Fee Module: used to manage brokerage payments, including facilities to reconcile to brokerage statements and the actual generation of cash payments.
• Reconciliation Module: used to automatically reconcile external source data to internal system data, including nostro statements, MT950s, and trade confirmations. Features include exception management, definable matching rules and tolerances, and reconciliation of actual versus expected amounts.
• Reference Manager: maintains all static data including internal and external parties, business units, legal entities, portfolio hierarchies, contracts and agreements, settlement instructions, accounts, and personnel.

For global energy concerns, having an efficient, well-run, and secured back-office will become more critical as the volume of energy transactions continues to grow and as the changing reporting requirements place additional demands on staff. GEB's open and flexible back-office tools will help you conclude transactions faster and more easily than will competing products.

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