24 Aug Edge | Netback Reporting
We have made valuable updates to Validere’s Edge platform this month. Read on to learn more about the Netback Comparison tool, which will assist producers in finding high margin opportunities.
Sellers on Edge can now easily and frequently find the highest netback for their product. The Netback Comparison tool allows users to factor in all potential buyers on the platform as delivery options for their product. Delivery options are displayed on the dashboard in order of highest potential netback, with the current netback as a comparison. In addition to a sell side report, existing sellers will now receive an instantaneous netback comparison. The netback tool provides a credible reference point sellers can use confidently to approach new buyers they have matched with.
Producers with incremental production after nominations were due are now able to find appropriate homes for their barrels for any of the 6 pricing periods available on the Edge platform. If the volume is off-spec, Validere’s algorithms factor in an estimated blend fee that could potentially be charged to get the product back on spec by the buyer.
Netbacks are currently run manually by producers or outsourced to marketers on their behalf. This process can lead to inefficiencies along the supply chain. Netbacks are now updated instantaneously with live pricing data and also factor in potential delivery locations that were not previously considered. Netback comparisons can be generated by any seller, at any time.
Would you benefit from a walk-through of the new features? Please reach out as our Edge team would be happy to set up a time with you.
At Validere, we are committed to ensuring our platform development suits our client needs. We are always looking for more ways to add value to your business and encourage you to email us at [email protected] to share your feedback.