G2X Energy is a privately-owned company based in Houston, Texas that develops, owns, and operates production facilities that convert natural gas to methanol. While sophisticated and vertically integrated globally, G2X is also a relatively small shop; efficient use of available resources is critical to their continued success.
G2X’s incumbent CTRM configuration did not integrate with many of its other business-critical processes required for transaction reconciliation. The company had installed several service extensions and modules that enabled the team to perform the necessary calculations and reporting, but the workarounds necessitated an inefficient divergence from established workflows. This resulted in sub-optimal performance, excessive manual interventions and repetitive processes, and strained resources that created bottlenecks on key business days. Month-end account reconciliations took much longer than necessary, risked data-entry errors, and incurred significant overtime costs.