Many established energy companies are still using energy trade and risk management (ETRM) solutions which are 10, 15, or even 20 years old. While the longevity of these systems underscores their reliability, not all have kept pace with changing business requirements – both architecturally and functionally. We explore why legacy ETRM solutions are so deeply entrenched in many organizations and examine the challenges companies face when considering an upgrade or replacement.

This whitepaper outlines the challenges energy companies face when deciding whether to upgrade or replace their ETRM solutions, as well as the common obstacles that arise once a decision is made. While the decision-making process may be similar between different organizations, unique circumstances add further layers of complexity. In some instances, an upgrade can be just as challenging as replacing legacy technology with an entirely new system. 

Unfortunately, many organizations freeze when faced with so many complex decisions and continue to operate on outdated ETRM platforms. As the energy landscape evolves, it becomes increasingly critical for companies to address these challenges directly, ensuring their systems are not just surviving, but thriving in a rapidly changing environment.