An ETRM system is a software solution that captures and manages wholesale energy market transactions, from forecasting to execution and settlement, invoicing, managing, reporting market and credit exposures, and market integration for energy commodities. The ETRM system manages a company’s position in one or more commodities. As the system of record for both physical and financial wholesale energy transactions, it typically provides all capabilities (from trade capture to invoicing, including risk management and reporting) for the front, middle and back office in energy companies.
Gartner defines enterprise asset management (EAM) software as a category of business applications used mostly by asset-intensive industries to execute, track and optimize inspections, maintenance and repair of industrial plant and equipment. EAM is primarily a transactional workflow system designed for the purposes of management and execution of capital asset maintenance. It may be included or integrated with a wider ERP suite. An alternative term used for EAM is “computerized maintenance management system” (CMMS), which is generally considered to be small-scale, single-site applications with less functionality around parts management and resource scheduling.