Aspect Enterprise Solutions announced today they have closed another license sale (and have apparently already implemented it) to Geneva-based Lemvig Oil Trading SA, which according to the press release, “specializes in trading and transportation of oil and oil-related products in Russia and the countries of the Confederation of Independent States”.

The software is being depolyed initially for real time deal capture, position keeping, physical trade logging and reporting facilities. Aspect indicates that its use will be expanded into back office and inventory management functions at a later date.

Aspect has been knocking down a lot of deals with these smaller crude trading operations lately. Clearly, their ability to quickly and economically deploy their SaaS solution has positioned them well for servicing this niche of the market, particularly in Europe.

Incidentally, CommodityPoint will launch a new study into the development of the SaaS and hosted CTRM solutions market next month. It should prove very interesting given the apparent growing adoption rates of those alternative delivery methods.

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