An energy trading and risk management (ETRM) system is a software solution that can capture and manage wholesale energy market transactions, from execution to settlement, invoicing, managing, reporting market and credit exposures, and market integration for energy commodities. The ETRM market comprises ETRM systems and other related solutions. The ETRM system is an application or modular suite of applications used to manage a company’s position in one or more commodities. It typically provides all capabilities (from trade capture to invoicing, including risk management and reporting) for front, middle and back office in energy companies. It is the system of record for both physical and financial wholesale energy transactions, from trade to invoice and settlement.
Enterprise asset management (EAM) is a business application used by manufacturing and other asset-intensive industries to optimize maintenance and repair of industrial plants and equipment. It is focused on solutions for organizations in asset-intensive industries such as heavy discrete and process manufacturing industries, rail and energy/utilities Such organizations use EAM software products to address physical asset support requirements. An alternative term used for EAM is “computerized maintenance management system” (CMMS), generally considered to be small-scale, single-site applications with less functionality around parts management and resource scheduling.