VisoTech was the only provider that could inherently cover the complex requirements of the market with its schedule management solution, as well as flexibly cater to our own requests. The excellent climate of trust and cooperation must in particular be emphasised.
In 2009 OMV made the decision to restructure their energy trade in order to orient the department more towards integrated gas and power trading. A fundamental requirement was a software solution that could cover schedule management against the background of the new central business model of “asset-backed trading“.
As the Austrian market leader in scheduling systems, and having completed reference projects of a comparable scale and similar complexity, VisoTech emerged as a promising partner for the project implementation from the beginning. Periotheus is distinguished in particular by the countless markets and formats that are inherently supported. The ability to easily expand the system to include additional markets and a modular construction were significant for the subsequent decision.
By using the Periotheus Schedule Management it was possible to clearly present the structure of the cross-market and transnational commodity trade within the system, despite its complexity and the multitude of parameters. The implementation of schedule management, as well as the gradual expansion to include further markets, was successfully executed in the planned time frame and in compliance with the planned costs.
Particular attention should be brought to the flexibility of Periotheus, which allowed the successful deployment of changes and updates inevitable for a project of this magnitude and complexity. Since its implementation in 2009, VisoTech‘s schedule management system has constantly expanded together with increasing trading volume and the increased demands from OMV. This not only covers the number of transactions processed in the system, but also additional functions and performance features that have ensured that, since the system‘s launch, it can keep pace with business development and expansion and still constitutes an up-to-date and reliable tool.