Customer Stories
New Canadian clean fuel regulations, enforced as of July 1, 2023, require that all suppliers submit daily reports. To meet these regulatory reporting requirements, this oil company identified the need for a trustworthy and reliable single-source system. This system should offer central proprietary data storage, ensuring easy data extraction and integration processes. Additionally, it should facilitate quick company-wide implementation with minimal effort while providing robust control over data and user permissions to manage compliance effectively.
After careful consideration, they selected Enverus Customer DataHub (CDH) as the chosen platform. CDH provides a secure and user-friendly solution to store and manage custom data, seamlessly integrating with their existing market data solution. The implementation process was rapid and required minimal effort, allowing for immediate time to value. With more than 80 users onboarded, this oil company experienced a seamless transition without the need for additional tools or accounts. The Enverus solution ensures data integrity and confidentiality through robust controls and user permissions for data access, giving them peace of mind.
Thanks to the implementation of CDH, this oil company’s non-technical users can now effortlessly upload data daily, integrating directly into their regulatory reporting system. These self-service workflows not only enable compliance with regulations but also help avoid penalties and increase operational efficiency within their Trading & Risk organization. The integration of Enverus CDH proved to be a centralized and efficient option, saving time and improving productivity. The self-service workflows, along with the familiar tools like MarketView® Desktop and Excel Tools, have been instrumental in achieving regulatory compliance and enhancing overall performance. Given these benefits, Enverus CDH is a valuable choice for other companies facing similar regulatory reporting challenges in the industry.
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