DENVER, November 11, 2010 –
Pioneer Solutions LLC, a regulatory compliance and risk management software provider, announced another successful delivery of its comprehensive energy trading and risk management (ETRM) solution called “TRMTracker” to Southern Nevada Water Authority (SNWA).
TRMTracker is a cost-effective (hosted or server-based), end-to-end, multi-commodity, physical and financial ETRM software platform that supports the entire trade lifecycle; from front to back office. SNWA has implemented TRMTracker to manage their entire energy risk and hedging portfolio including credit risk. “SNWA had some very unique business requirements; we are finding that the marketplace is looking for ETRM technologies that can easily adapt to existing business processes; our template (no coding expertise needed) workflow and formula driven ETRM platform can easily and quickly configure to meet the unique needs of our clients,” said Uday Baral -President of Pioneer Solutions. TRMTracker’s recently enhanced credit risk module allows companies to manage credit risk the way they want to model, manage and report credit risk including credit scoring and workflow driven credit approval and limit alerts. “TRMTracker is truly a flexible system that has allowed us to view and manage our business and credit risk the way we wanted to see it,” said Scott Krantz Director – Energy Management for SNWA.
Southern Nevada joins a growing list of TRMTracker clients that have benefited from the technologies ability to easily configure and integrate with existing systems resulting in shorter implementations and a lower cost of ownership. “We are very pleased with the results; Pioneer delivered what they said they would, on time and on budget” said Scott Krantz Director – Energy Management for SNWA.