In the News
 
Tuesday, 17 October 2017
Pioneer Solutions Sponsor ETOT London 2017  [more]
 
Friday, 06 October 2017
Pioneer Solutions C/ETRM readies Market Participants for EU MIFID  [more]
 
Friday, 28 July 2017
ACWA Power Selects Pioneer Solutions Trading and Risk Management  [more]
 
 
 
 
SettlementTracker is an end-to-end, integrated settlement and accounting software package specifically geared toward complex energy contracts.

SettlementTracker

Pioneer Solutions' SettlementTracker is an end-to-end, integrated settlement and accounting software package specifically geared toward complex energy contracts. It provides straight-through processing of meter data, billing management, settlement and automatic accounting entries.

Featuring business intelligence reporting, compliance management, full audit trails and more, SettlementTracker’s workflow automation allows for the seamless processing of transaction lifecycles across multiple departments. SettlementTracker speeds the time to invoice while minimizing operational risks using dynamic workflow controls. The system automates all processes from meter data and billing determinants management to settlement and shadow settlement with counterparties and ISO/RTO/Pipeline entities.

SettlementTracker supports contract administration, Meter data and billing determinants, settlement of complex contracts, shadow invoicing and remittance, and GL posting.

SettlementTracker is powered by the Financial and Regulatory Risk Management System (FARRMS), which provides a leading-edge integrated platform for mitigating financial and regulatory risks.

SettlementTracker Capabilities:

Contract administration
  • Capture all contracts and charge types
  • Supports complex business logic with user-configurable formulas
  • Price fixations and un-fixations
  • Define/manage billing determinants

Settlement
  • Import meter and pricing data from external sources
  • Cash flows and PNL reportiing
  • Estimate and finalize deal and contract settlement
  • Standard reports, ad-hoc report writer and business intelligence
  • Manual and automated prior period adjustments

Invoices and Accounting
  • Capture/shadow incoming invoices and variance analysis and dispute resolution
  • Prepare estimate and easily finalize entries
  • Easily prepare and send invoices, remittance statements and detailed supporting documents
  • Fully integrated settlement processing
  • Reconcile cash entries for derivatives
  • Auto upload accounting entries into GL system(s)

Contact us to find out how we can help your industry with our Settlement solution!