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TMS market: OpenLink Asset Transaction Management to streamline operations

The new facilities in TMS solutions world-wide keep on coming and it is becoming increasingly difficult to choose between the many solutions.

OpenLink asset management solution 

Many asset operations are increasingly spinning off from the marketing or trading arms of the business, and companies are transferring their assets to master limited partnerships or independently operated units for financial benefits. To manage this, asset operators need a system that specializes in managing shipper nominations, allocations and invoices, in addition to a customer service web portal that delivers enhanced value propositions to their customers.

Traditionally, operator processes have been hindered by disparate systems, manual spreadsheets, emails and phone calls. OpenLink developed ATM in direct response to market demands by providing a completely integrated platform that frees up resources to focus on higher value activity.

Live users

OpenLink have announced that its newly developed solution, Asset Transaction Management (ATM), is now live at three leading energy clients – including Williams Midstream Partners and SemGroup – and open to the market. “With new pipelines and terminals coming online and ever-increasing competition, it’s more important than ever for asset operators to ensure their nomination processes, allocations and transactions are accurate and fast and that they are providing the online services their customers desire,” said Rich Grossi, CTO at OpenLink. User comment:

  • Joyce Johnson, Distribution and Scheduling at Williams Midstream Energy, said, “ATM has given our customers specific information on a real-time basis. It has provided data that they previously had to request via reports or from one of our commercial representatives. The automated workflow has streamlined Williams’ back-office processes. Employees are more productive and have better information to make decisions.”

Potential users

ATM serves all companies that operate pipelines, terminals, blending facilities, fractionation facilities and other types of assets and charge fees for services rendered. The platform functions via a unique web portal that caters to the needs of both asset operators and their customers within a singular, intuitive system. It centralizes the collection of data and provides timely and accurate inventory reporting for midstream and downstream operators while providing their customers with superior service along the transaction lifecycle.

Choosing TMS solutions

To help corporate treasurers to understand the TMS market and how to choose the best solution for their department Bob's Guide have collected full details of the main TMS world-wide, see, and also see Leonie Mercedes’s two articles on how to choose your TMS:

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This item appears in the following sections:
Treasury Technology
General Treasury Systems
Selecting & Implementing TM Systems
Strategic Customised Treasury Systems

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