DENVER, Co. Pioneer Solutions LLC, a software provider for the financial, environmental and regulatory compliance marketplace, announced the upgrade of its energy & commodity trading risk management -ETRM-CTRM software to include robust counterparty credit risk management with credit scoring management capability. Pioneer Solutions’ all web-based, comprehensive Ctrm-Etrm software system called “TRMTracker” software supports the entire trading lifecycle, from deal capture to scheduling, from risk management to settlement, at a fraction of the cost of comparable products. The new counterparty credit risk module allows energy companies to manage all counterparty information, store contracts, credit scoring, credit and debt ratings, manage limits and all netting arrangements in a single location.
When combined with TRMTrackers embedded work-flow engine this new credit risk module gives risk managers the ability to manage operations risk including the ability to automatically control credit limit parameters. This advanced credit risk functionality is modular allowing Pioneer Solutions to offer it as a stand-alone credit risk solution to enhance existing Ctrm-Etrm vendor systems.
About Pioneer Solutions LLC.
Pioneer Solutions is a leading provider of software products, powered by the Financial and Regulatory Risk Management System (FARRMS). FARRMS is an integrated platform providing straight-through processing for all Ctrm-Etrm specific front-office, middle-office, and back-office functions. Our leading edge, formula and template-driven technology (no coding) can easily adapt to unique business requirements and easily interface with other applications.
Serving some of the world’s largest energy utilities, Pioneer’s advanced FARRMS technology platform allows organizations to realize new efficiencies as data and processes are managed and automated across multiple groups. In addition to the FARRMS software products, Pioneer provides consulting, implementation and environmental reporting services.