Denver, Colo. (PRWEB) December 18, 2013
ETRM software vendor Pioneer Solutions celebrates over 10 years of business as the close of 2013 marks the official 10th anniversary of Pioneer Solutions’ entrance into the energy trading and risk management software market.
History of Pioneer Solutions:
Pioneer Solutions was originally formed to provide effective next generation software for the financial and regulatory commodity and energy markets. The nature of Pioneer Solutions has always been commercial driver data management.
The Financial and Regulatory Risk Management System, or FARRMS, is the foundation platform on which Pioneer Solutions suite of six software modules are based. Since initial concept and development in 2002 and the imminent formation of Pioneer Solutions in 2003, FARRMS has been organically developed by industry professionals and is the core of the FARRMS suite of solutions.
Today, FARRMS modules have been implemented at some of the largest utility and energy companies in the world. Pioneer has six solutions that offer a variety of support to different organizations including RECTracker for RPS standards, EmissionsTracker for GHG management, FASTracker for derivative accounting, and of course TRMTracker for power and energy trading management. Pioneer’s solutions are meant to be used enterprise-wide for total management of business processes and increased efficiency within an organization.
About the Product:
FARRMS was designed to provide a flexible, dynamic system framework that would house software for delivery into the areas of workflow and regulatory risk management relating to trading, tracking and compliance. The system was created to be a thin, user-friendly, highly scalable, and configurable/adaptable solution that It was designed with ease of integration and rapid implementation in mind.
FARRMS is completely web-based and template and formula-driven providing the user a highly configurable environment for front to back office workflow automation of business processes. Built on non-proprietary Windows technologies, the system can achieve load balancing for a highly available and scalable solution. This promotes better efficiency within a business while providing strong industry proven technologies as a backbone.
The system facilitates collaboration among front, middle, back office employees and management with the built-in compliance/work flow management layer and messaging architecture. Workflow can be automated (i.e., deal approval process) and notifications can be initiated (i.e., exceptions or violations) and sent.
Offering comprehensive front to back office process management for both physical and financial deals of all asset classes and commodity types, FARRMS solutions are ready “out-of-the-box” or can be tailored to meet the client's needs. The system's unique technology allows for rapid implementation and fully integrates with existing systems.
Other Features include:
-Comprehensive enterprise risk engine
-Business Intelligence and adhoc reporting capabilities
-Compliance management (Dodd-Frank, EMIR, REMIT, FAS/IAS accounting standards and others)
-Role-based security and audit log
-Dynamic user message board and automatic alerts
-STP Technology and Workflow Automation
FARRMS Solutions Suite:
With six modules covering comprehensive trading and risk management to derivative accounting and compliance management, Pioneer has a solution to meet the various needs of today's energy and commodity trading industries.
TRMTracker – Energy Trading Risk & Management (ETRM) solution for front to back office transaction management.
FASTracker - Hedge and derivative accounting solution
RECTracker - Renewable energy portfolio and compliance management
SettlementTracker - Settlement and accounting for complex energy contracts.
ComplianceTracker - Corporate and regulatory compliance management.
EmissionsTracker - Emissions and compliance management.
To find out more about Pioneer’s suite of solutions and what makes their FARRMS technology unique, download the whitepaper "New technology is changing the way companies manage ETRM software."
About Pioneer Solutions
Pioneer Solutions LLC is a global software provider of next generation Energy Trading and Risk Management (ETRM) Environmental Management Information Systems (EMIS) & Enterprise Compliance Solutions. Pioneer’s comprehensive suite of products are designed specifically for utility and energy companies and offer a single seamlessly integrated platform that can handle all commodity types, risk exposures and compliance needs.
Offering the latest in business processing capability, Pioneer’s products offer the user a configurable environment that allows for customizable templates for workflow and user-defined custom formula entry. Serving some of the largest utilities and energy companies across the globe, Pioneer’s flexible solutions are designed for rapid deployment and easily adapt to clients’ unique business processes, model complex trading scenarios and automate business processes.