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SAP for Commodity Trading Optimize Commodity Pricing GET STARTED and Better Manage Risk Table of Contents SAP for commodity trading Optimize commodity pricing GET STARTED and better manage risk Table of contents Executive summary Table of contents Commodity Management enhancements Executive summary Potential Commodity Management benefits Commodity Management Moving to SAP Commodity Management: Interim states enhancements Potential Commodity Different migration paths for different companies Management benefits Looking ahead Moving to SAP Commodity Management: Interim states About Deloitte Different migration paths for different companies Looking ahead About Deloitte 2 | SAP for commodity trading Executive summary For commodity-driven companies, today’s market environment of narrow margins and volatility uncertainty makes the trading function more important than ever. Despite the Table of contents increasing relevance of trading, a fully integrated Commodity Management solution Executive summary that can meet both the needs of traders and the enterprise has been elusive. Commodity Management enhancements Many companies use a niche commodity trading and In this report, we’ll take a closer look at SAP Commodity risk management (CTRM) system—or a collection of Management, including: Potential Commodity spreadsheets—to support trading. But the lack of • Enhancements new for SAP S/4HANA Management benefits integration between a company’s CTRM system and its • The high-level benefits companies can realize through Moving to SAP Commodity enterprise resource planning (ERP) system has long been these enhancements Management: Interim states an issue, leading to challenges in inventory management, • Making the move to SAP Commodity Management risk analysis, and tradebook to financial reconciliation. • Different migration paths for different companies Different migration paths for different companies With SAP S/4HANA, things have changed. The system’s new We hope the information in this report helps your company Commodity Management enhancements enable companies envision what’s possible as you consider your approach to Looking ahead to combine their CTRM and ERP functions to better manage integrating Commodity Management in your SAP S/4HANA their commodity trading business. This integration has journey. About Deloitte the potential to deliver significant benefits in the form of enhanced visibility, analysis, insight, and decision making. 3 | SAP for commodity trading Commodity Management enhancements Traditionally, SAP has been a strong player in the trading organization back office, but lack of front and middle-office functionality kept it from full adoption as the Table of contents trading solution for many organizations. With SAP S/4HANA, things have changed. Executive summary The new Commodity Management delivers • Run advanced risk simulations and analysis Commodity Management enhancements enhancements that consolidate the front-, middle-, • Make informed commercial decisions based on and back-office functions onto a single solution. integrated dashboards that can be configured to specific Potential Commodity These capabilities complement traditional SAP strengths organizational needs Management benefits by adding: Credit risk management with the capability to: Moving to SAP Commodity Improved deal capture through Fiori—the new SAP • Provide an integrated view of credit exposures that Management: Interim states user interface—including: integrates forward position credit exposures with current • A streamlined screen for trade entry that’s configurable by accounts receivable Different migration paths for different companies the user and allows for flexible user entry • Manage credit exposure through efficient cash application • The ability to capture both physical and financial trades in as counterparties pay invoices Looking ahead one place • Integrate with treasury for a broad view of credit exposure • Complex formula pricing that can be created on the fly versus cash and collateral postings About Deloitte • Integration with common public exchanges These additions can potentially enable companies to take Market risk management that allows users to: full advantage of the logistics and back-office functionality • Model complex physical and financial forward curves that was already in place in the SAP system—creating an • Decompose both physical and financial forward positions integrated solution that can support today’s dynamic supply into discrete market exposures and trading organization (see figure 1). 4 | SAP for commodity trading Commodity Management enhancements (continued) Figure 1: Commodity Management functionality introduced in SAP S/4 HANA Table of contents Executive summary Commodity Management Deal enhancements Logistics Logistics Capture Deal Capture Potential Commodity Management benefits Market Market Moving to SAP Commodity Actualization Actualization Risk Risk Management: Interim states Different migration paths for different companies Credit Risk Settlement Credit Settlement Risk Looking ahead Accounting Accounting About Deloitte SAP ECC S/4HANA 5 | SAP for commodity trading Potential Commodity Management benefits SAP S/4HANA gives companies the opportunity to effectively integrate trading and risk data with data across the enterprise, enabling new opportunities for Table of contents analytics and insight development. Executive summary As companies plan their move to the SAP S/4HANA • A centralized, scalable enterprise platform that’s Commodity Management enhancements platform, they should migrate supply and trading functions “futureproofed” to accommodate emerging capabilities, as a part of their overall enterprise roadmap. Some benefits such as artificial intelligence, predictive analytics, Potential Commodity of making this move include: robotic process automation, and blockchain Management benefits • True end-to-end visibility of the hydrocarbon value • Simplified infrastructure and system maintenance, chain, including: enabling the business to focus on value added Moving to SAP Commodity Management: Interim states - Transparency of inventories and their associated activities costs, market risks and opportunities created by an • Common master data that eliminates what formerly Different migration paths organization’s network of assets (e.g., refineries, pipeline took hours of work to sync and reconcile across trading for different companies capacity, terminals, storage) and forward transactions and SAP systems • A digital data core of enterprise commodity transactions, Looking ahead which enables high-quality analysis and insight generation • A “single source of truth” for trading data, reducing About Deloitte tradebook to financial reconciliation and providing a clear view of commercial performance 6 | SAP for commodity trading Potential Commodity Management benefits (continued) SAP is more than just a replacement for a traditional CTRM The SAP digital boardroom system. For example, an embedded CTRM capability within To enable this powerful data analysis, SAP S/4HANA Table of contents a company’s enterprise technology platform provides the introduces the digital boardroom solution, which is a opportunity for analytics that can: flexible, cloud-based data analysis tool fully integrated Executive summary • Highlight the impact of market exposures on financial with SAP and its HANA database. results in near real time Commodity Management • Use market, trading, and asset data for on-demand Today’s trading organizations must respond immediately enhancements hydrocarbon value chain optimization to market conditions, which is why the SAP data in the Potential Commodity • Integrate trading results and forecasts into C-suite digital boardroom is available in near real time. Further, Management benefits enterprise reporting it has the ability to integrate non-SAP application data, extending the opportunity for analysis even further. Moving to SAP Commodity This new capability also introduces enterprise data into Management: Interim states supply and trading, providing analytic opportunities to: Users can configure this digital boardroom to visualize and • Use asset and operations data to predict market analyze trading data as well as key performance indicators Different migration paths constraints (KPIs). Those KPIs can include base information, such as for different companies • Update trading positions with near real-time operations market exposures, inventory, and profit and loss (P&L), as Looking ahead forecasts well as advanced metrics, such as P&L explained and at-risk • Integrate credit and cash positions into deal analysis measures (e.g., cash flow at risk) (see figure 2). About Deloitte The bottom line? Analytics in the core of SAP enable companies to bring trading data into the enterprise and introduce enterprise data to supply and trading. And that can unlock exponential opportunities for insight and decision making. 7 | SAP for commodity trading Moving to SAP Commodity Management: Interim states (continued) Figure 2: Digital Boardroom in SAP Analytics Cloud Table of contents Executive summary Commodity Management enhancements Potential Commodity Management benefits Moving to SAP Commodity Management: Interim states Different migration paths for different companies Looking ahead About Deloitte 8 | SAP for commodity trading Moving to SAP Commodity Management: Interim states Because the trading business is core to business operations, the move to commodity management should be an evolutionary journey in lockstep with the Table of contents larger enterprise road map. Executive summary Interim production states
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