Enerjisa Üretim
Renewables-focused Enerjisa Üretim is Türkiye’s leading private electricity generation company. A centralized treasury function — headquartered in Istanbul — deals with derivatives, structured financial products, and conventional treasury products.
“
We value and record around 1,000 derivative and security transactions annually. CMS automatically confirms the transactions, which saves us two hours of manual work every day. The implementation of FXGO has also enabled us to trade more than a thousand transactions at the best price due to the increased competitiveness we’ve achieved through FXGO.
Mert Gümüş, Enerjisa Üretim’s Head of Treasury
Situation
With a daily need for updated commodity prices, equity-related data, foreign exchange rates, and interest rates to feed internal systems and processes, the Treasury’s front office team struggled to efficiently gather accurate market data in a timely manner. The search for the best price was time consuming and, to prove the best price execution, the team had to manually record and document all quotations. Delays meant they often missed out on the best price.
Türkiye’s leading private electricity generation company
Focused on growth and scale
Centralized treasury function for on- and offshore trading
Problem
Enerjisa Üretim sought Bloomberg’s additional support when a host of legacy system and process-related challenges had become untenable and had the Treasury’s front, middle and back offices operating in inefficient, error-prone silos.
Removing manual handling from treasury functions
Lacking big picture focus on integration and automation, accessibility, compliance, and auditing ease
Solution
With a keen eye on growth and scale, between 2018 and 2020, Enerjisa Üretim engaged Bloomberg’s corporations and treasury specialist to discuss possible solutions to optimize its treasury processes.
The interoperability of Bloomberg’s automated solutions with Enerjisa Üretim’s legacy systems achieved across-the-board improvements for the energy company. Integrating DL into the company’s legacy database significantly reduced the need for manual intervention. Team members no longer spend hours gathering data and can now focus on higher-level tasks and planning.
Accelerated auditing and reporting capability
Four corporate treasury solutions onboarded:
– Data License (DL)
– Foreign Exchange Electronic Trading (FXGO)
– Multi-Asset Risk System Vuations (MARS VAL)
– Confirmation Matching Service (CMS)
Global support team provides insightful solutions, available 24/7
“
Enerjisa Üretim has found it relatively effortless to establish contact with Bloomberg’s representatives. Bloomberg’s team approaches issues with a high degree of experience and professionalism, ensuring that the onboarding process is smooth and efficient. Additionally, the manuals provided by Bloomberg are well-prepared and easily comprehensible, even for clients or departments that are not accustomed to the solutions.
Mert Gümüş, Enerjisa Üretim’s Head of Treasury
Benefits
1,000 best price trades achieved per year
2 hours manual saved every day
500 tickers automatically recorded in database every day