Results Show 100 Percent of Customers Would Recommend Allegro
Allegro Development, a leading provider of commodity management
software, announced the results today of its third annual CTRM Value
Study conducted by Commodity Technology Advisory (ComTech).
ComTech, a leading analyst in CTRM, interviewed 21 Allegro customers
dealing in natural gas, oil or oil products, power, natural gas liquids,
coal, emissions, renewables or freight commodities. Most converted to
Allegro from other vendor-supplied systems, however, almost half were
using spreadsheets or home-built systems prior to installing Allegro.
ComTech surveyed each respondent to assess the value of the customer's
investment against operational and financial impacts. Questions focused
on access to information used in decision-making, cost containment and
efficiencies, error reduction, ability to react to market and business
changes, and other factors influencing ROI.
"The survey showed 100 percent of respondents were willing to recommend
Allegro to industry peers," said Patrick Reames, ComTech Managing
Partner. "In my opinion, this is the most telling indicator that Allegro
software possesses all the qualities a commodity-intensive business
would need to derive long-term value from its CTRM investment."
Key survey findings included:
86 percent of respondents stated that Allegro improved their
visibility into daily positions and exposures.
76 percent claimed to have grown their businesses since implementing
Allegro, with 94 percent using Allegro to leverage the expansion.
18 of 21 said the software reduced time and effort in calculating
valuations and reduced errors associated with settlement and invoicing.
76 percent strongly agreed that Allegro helped them develop an
effective regulatory compliance program.
96 percent of respondents felt that Allegro was able to deploy and/or
integrate new, complementary technologies for better commodity
"We highly value the opinions of our customers and intentionally seek
their feedback on our software as part of our ongoing quality assurance
program," said Frank Brienzi, Allegro CEO. "The success of our business
is dependent on the satisfaction of our customers. Their input defines
the direction of our product development efforts."
To learn more about the survey and hear from ComTech's Patrick Reames
regarding the details, attend the webinar on this topic, December 10,
2015 at 10 a.m. (CST). Visit http://allegrodev.com/webinars
to register for the event today.
Allegro develops and markets integrated commodity management software
providing position visibility, risk management, comprehensive controls
and regulatory compliance. Its customers manage commodities from
production to consumption, including oil and gas production, petroleum
refining, agriculture and forestry, mining, chemicals, metals, food,
transportation, commercial and utility sectors. Allegro software is
tailored to the specific needs of each commodity, with a comprehensive
set of features and functions to support profitable decisions. Allegro
is headquartered in Dallas, with offices in Calgary, Dubai, Houston,
Jakarta, Kuala Lumpur, London, Shanghai, Singapore, Sydney and Zurich,
with a global ecosystem of partners.
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