TrueINSIGHT

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The Right Approach to Revenue Recognition

How much of your company’s revenue comes from contracts?  For most energy companies it is 100% or close to that.  It is important to know that General Accepted Accounting Principles (GAAP) has

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How You Can Benefit from the Recent ASU for Cloud-Based Hosting

The Cloud has been and continues to be a management service solution technology used across all industries. No matter what industry or department you are in, chances are you use some amount of

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ASC 815 Update Impacts End-of-Year Financials

The hedging standard (ASC 815) has been updated and these updates are effective for fiscal years ending after December 15, 2018* (for public entities). If your company has a hedging program, these

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Options Can Decrease Risk

Options are considered a 4-letter word among many energy executives, risk management professionals, and even traders. It is a common misperception that trading options always increases risk. They

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Trust: The Necessary Ingredient in Building a Productive Team

Creating a successful and high performing team can be a challenge. Dr. Bruce Tuckman synthesized team development into four basic stages including forming, storming, norming and performing. The

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Does Building a CTRM Make Sense for Your Organization?

So, your company is ready to start evaluating commodity trading and risk management (CTRM) systems. You might have a current system that no longer meets all your needs, you could have grown to a

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The Many Career Paths of Risk Management

“Teacher”, “doctor” or “baseball player” may be some of the first things that come to mind when children are asked what they want to be when they grow up. Does anyone ever say they want to be a

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5 Key Steps to Successful Transformation

NASA explains in the Tyranny of the Rocket equation that the energy required to launch anything outside of the earth’s atmosphere is massive. If you do not invest in reaching escape velocity then

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The Rise of the Culture Code

How we do things is just as important as what we do. While this is applicable to any type of company, it’s vital to our success since we are a service-based firm. Here, our people are our product

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5 Things to Consider for an ETRM Implementation

Have you ever heard of the expression “It’s not rocket science?" Well, people who are well versed in the ETRM world would likely say “It’s not an ETRM software implementation”.