Achieve efficiencies leveraging seamless automation and integration across an in-house treasury

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.

FEATURED PRODUCTS

INDUSTRY

Electricity generation

REGION

Istanbul, Türkiye (Turkey)

GOAL

Automating treasury processes to improve accuracy and efficiency, as well as reduce operational risks.

1,000 best price trades achieved per year

hours of manual work saved daily

500 tickers automatically recorded in database every day

best price trades achieved per year

of manual work saved daily

tickers automatically recorded in database every day

“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

Interoperability of automated solutions

“Bloomberg’s team approaches issues with a high degree of experience and professionalism, ensuring that the onboarding process is smooth and efficient.”

Mert Gümüş
Enerjisa Üretim’s Head of Treasury

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Related Content

Access the full report

Please complete the form to gain access to the full report.