Capital Power Harnesses Value Creed’s Expertise, Achieves Agile CTRM Platform Upgrade

Maximizing CTRM System Value and Efficiency with Targeted Expertise

Key Results:

  • Successfully executed an agile CTRM platform upgrade using right-size expertise
  • Maximized business process efficiency with latest platform enhancements
  • Added 5-7 years to their CTRM solution and avoided costly future reimplementations
  • Aligned CTRM system with current goals and markets

“With Value Creed, I’m leveraging their knowledge and expertise. The high agility of Value Creed’s technical expertise meant we could get to the bottom of what we needed to do very quickly.” 

Manny Neupane, Director Applications & Business Intelligence

The Client:

Capital Power is a power producer that develops, acquires, owns, and operates power generation facilities across North America. While they are well-established with effective business processes in place, they need to continually maximize efficiency to maintain their competitive edge. That means keeping complex system platforms, like their CTRM solution, current with the latest functionalities.

Manny Neupane, Director Applications & Business Intelligence, understood that an upgrade would extend the life of Capital Power’s CTRM platform. But in the past, consultants they’d contracted to support an upgrade did not understand the product well and seemed to be learning on the fly. 

The Challenge:

Manny and his team wanted to maximize the value of Capital Power’s existing CTRM investment, while minimizing or avoiding the usual headaches of a large system upgrade. These included:

  • Consultants they’d worked with in the past did not have the right expertise
  • The typical one-size-fits-all delivery model for upgrade services was not a fit, and even forced them to accept services they didn’t need
  • New business opportunities such as expanding into new commodity sectors was not feasible without upgrading to the new release of the CTRM platform 

The Solution:

Capital Power needed to nimbly execute an upgrade by leveraging their in-house expertise and partnering with a firm capable of coming alongside their team to create a win-win to optimize investment while minimizing business disruption.

Value Creed offered a very agile delivery model, so Capital Power reached out to secure right-sized CTRM expertise and services. Working closely with Manny, Value Creed helped Capital Power achieve their goals by:

  • Working closely with Manny’s team to define and execute an efficient upgrade process 
  • Supporting a targeted, agile upgrade process based on iterative testing and validation
  • Providing well matched, highly experienced, and highly available expert support
  • Enabling the Capital Power team to quickly fix issues and clear milestones with the assistance of a dual time-zone team working round-the-clock
  • Upgrading Capital Power’s CTRM platform functionality to meet their specific work process needs, including an updated ICE interface and enhancements to the power and environmental commodities modules
  • Simplifying business processes to limit logistics management of emissions and environmental commodities
  • Replacing outdated workarounds within the system with new, platform-native capabilities

Outcome:

After completing the upgrade, Manny and his team are getting new value out of their CTRM platform. They have extended the life of their CTRM solution and can avoid an expensive full reimplementation in the future. Now they are able to increase efficiency, update their approach to evolving markets, and have peace of mind knowing their system is current and relevant to business goals. 

 “Now that the upgrade is done, we’re starting to leverage new functionality to simplify and add more value, like enhancements to the power module and environmental commodities module. VC’s agile methodology helped us get over the hump and adopt these new efficiencies we needed.”

Manny Neupane, Director Applications & Business Intelligence


Value Creed

Value Creed, LLC, founded in 2016, is a managed services firm headquartered in Dallas, TX, specializing in commodity trading and risk management technology and business process optimization. The firm offers expert-driven managed services, business process outsourcing, cloud enablement, and CTRM complementary technologies to help CTRM customers achieve optimal value in their software investment. For more information, visit www.valuecreed.com or call (833) 282-7333.

Capital Power

Capital Power (TSX: CPX) is a growth-oriented North American power producer headquartered in Edmonton, Alberta. The company develops, acquires, owns, and operates power generation facilities using a variety of energy sources. Capital Power owns approximately 6,200 megawatts (MW) of power generation capacity at 26 facilities across North America. Approximately 800 MW of owned generation capacity is in advanced development in Alberta and Illinois.

For more information, visit www.capitalpower.com.

 

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