SunGard, a provider of software and processing systems for financial services, has launched Aligne, a service-oriented architecture based, straight-through processing suite that helps energy companies optimize decision making and adapt to business change by streamlining processes and integrating information across multiple business operations.
According to the company, energy traders, utilities, midstream gas companies and large industrial consumers of energy can use Aligne to process energy financial and physical transactions across front-, middle- and back-office operations, and utilize configurable components for risk management and compliance.
SunGard has said that Aligne gives customers flexibility to choose capabilities specific to business requirements, and includes new deal types, new functional modules, and new data management offerings. Aligne also allows customers to integrate other in-house or vendor applications, and provides an extensible, scalable infrastructure to help sustain business growth in terms of volumes and supported transactions types and commodities.
Aligne helps companies conducting business in physical energy to achieve sustainability, growth and improved control by linking asset management, emissions management, real-time data and trading positions, added SunGard.
Matt Mandalinci, president of energy solutions business unit at SunGard, said: Streamlining the flow of information can help energy companies make better decisions faster, reduce costs, and achieve greater flexibility and control across the full range of enterprise commercial implications.