Aspect Enterprise Solutions “AES”, a software-as-a-service “SaaS (News - Alert)” commodities trading and risk management vendor, has reported a record first half year with revenues of 20 percent and profits of 43 percent over the same period in 2009

Bookings for the first six months of 2010 were more than $10.5M in trade/risk management alone.

The AES performance is in contrast to the traditional enterprise software delivery model and underscores the obvious flexibility and appeal of the SaaS approach.

AES solutions can help traders involved in the markets for commodities such as metals, petrochemicals and agriculture, make quick and less risky decisions, in addition to helping them buy and sell efficiently over a robust safety net of regulatory and accounting audit trails.

The company currently provides two core SaaS solutions. AspectDSC supports trading decisions and provides real-time market information delivered direct to virtually any browser-equipped mobile or static devices from desktop PCs to the Apple (News - Alert) iPhone, iPad, and Blackberry platforms. While the AspectCTRM is a complete front-to-back-office trading and risk management solution, that can be delivered over the Web via any browser.

Organizations these days are shifting from legacy enterprise software to Web-based AES solutions, to cut costs and benefit from the greater flexibility that the SaaS approach enables.

At the same time mid-market houses that in the past relied on spreadsheets to capture trades are quickly adopting AspectCTRM because of its low entry costs and remarkable speed of implementation.

AES CEO Steve Hughes (News - Alert) explained that the half year results were proof of the growing importance of SaaS in the CTRM space. He added that while earlier trading houses depended on spreadsheets or big-budget custom software development programs now organizations had the option of using SaaS-delivered solutions as a real and cost-effective alternative since they provide fast-start, turnkey solutions without up-front investment or resource demands.