1. Single View of the Business. No other application allows you to visualize your entire generation portfolio like our Visual Analytics Module’s smart, simple design. From ISO/RTO…
There’s been a major gap between Trade Systems, in particular, commodity energy trading and risk management C/ETRM that manage the buying, selling and hedging of electricity in the marketplace. Typically, these systems manage the transactions of Generators, ISO Grids and independent Trading firms with deal capture for the front-office, risk managers in the middle-office and back-office folks that have to later account for the specialized financial power settlements that are an important part of the power industry.
Having the perspective as a vendor to the industry, has given us a unique opportunity to work closely with our customers’ trade desks, schedulers, settlement analysts and IT managers and see the inner workings of how the vast amounts of transactional data and dollars flow through various types of players in the energy commodity market. Most companies use at least two major vendor applications, one for deal capture or C/ETRM and one for power settlements – with extensive reliance on Excel spreadsheets and various other in-house built legacy applications to manage their power business. All of these disparate systems require a small team of back-office analysts and IT resources to keep it all running.
Power Settlements’ approach to this situation was to develop a comprehensive suite to manage the complete C/ETRM process from trade capture, to risk management, to back-office settlement processes, all in a single integrated application. Once installed, each group in the line of business immediately improves their ability to contribute to the work processes, bringing efficiencies speed, accuracy and profit potential gains that are unparalleled. IT embraces our approach because it reduces the number of systems, removes multiple integration points and vastly improves data management and reporting and analytics capabilities, while significantly decreasing the number of hours dedicated to maintaining several systems.
To view a description of the SettleCore ETRM system click here: https://powersettlements.com/settlecore-etrm