Pioneer Solutions LLC announced today that Gasum Oy has selected TRMTracker.com, Pioneer’s award-winning cloud-based Trading & Risk Management Software-as-a-Service (SaaS) offering, to support and enable its expansion into the energy wholesale market and offer more comprehensive services to its customers.
Headquartered in Espoo, Finland, the energy company Gasum is a Nordic gas sector and energy market expert. Gasum imports natural gas to Finland and is the leading supplier of biogas and LNG in the Nordic market. The company offers energy for heat and power production, industry as well as road and maritime transport. Gasum provides services and consultancy to its clients throughout the energy market chain.
“As the Finnish natural gas market will be opened up for competition by 2020, we need state-of-the-art energy trading and risk management functionality in place to scale up Natural Gas, LNG, as well as Power and RECs trading”, said Mikko Askolin at Gasum Oy. “We selected Pioneer Solutions because it was able to offer us with TRMTracker.com a comprehensive cloud-based ETRM Software-as-a-Service solution that is flexible, scalable and easy to integrate into the new IT landscape, while seamlessly expandable to enterprise-level functionality down the road. Crucially TRMTracker.com provides regulatory reporting functionality for REMIT and MiFID2.”
Ranked #1 in the category ‘Best Cloud-based C/ETRM System’ in the 2019 Energy Risk Software Rankings, TRMTracker.com is part of Pioneer’s award-winning portfolio of modular and integrated solutions for trading, risk management, settlement, and regulatory reporting designed for trading firms, retailers, generators, and utility companies. As Software-as-a-Service it offers a multi-tenant environment that differentiates from other C/ETRM SaaS offerings by providing a standard set of ‘enterprise-grade’ tools across the Front, Mid and Back office functions, including workflow, data import and innovative reporting capability. With an innovative self-serve configuration approach, it empowers the business users to control much of the process without having to rely on others, thereby delivering unrivaled time-to-value.
“We are extremely pleased and proud to support Gasum as it transitions into its new envisioned market role”, said Hugo Stappers, Director of Sales and Marketing EMEA at Pioneer Solutions. “A forerunner itself, Gasum’s selection of Pioneer provides a compelling next-generation ETRM for a competitive edge in trading and risk management, while reducing IT spend and supporting its corporate digitalization objectives.”
Pioneer Solutions is a global provider of C/ETRM, environmental management, and financial and regulatory compliance solutions. Serving utilities and trading companies across the globe, Pioneer’s suite of flexible software applications delivers easy-to-use and integrated functionality for Trade Capture, Position Analysis, Portfolio Management, Risk Reporting and Settlement, thereby providing the insight and granularity to manage operations optimally. The company’s pioneering and award-winning software offers a user-configurable environment designed for rapid deployment, resulting in a lower total cost of ownership and enhanced customer satisfaction.