We are pleased that TRMTracker will offer the solution that will meet NBU’s requirements and hope to exceed their expectations as we have been able to do in the past for our clients" - Uday Baral, Pioneer Solutions, President/CEO
New Braunfels, Texas (PRWEB) February 26, 2013
Pioneer Solutions will provide the TRMTracker product for NBU’s total management of their energy trading business processes, reporting, and risk management. In addition, the software will be used to automate bilateral and ERCOT settlements and accounting.
“We have chosen Pioneer because of their ability to offer a flexible solution with rapid delivery which NBU requires to support our unique energy trading and risk management operations,” said Paula DiFonzo, CEO of New Braunfels Utilities.
TRMTracker is a comprehensive, next generation end-to-end energy/commodity trading and risk management solution that supports the entire life-cycle of trading. The system will allow NBU to manage all facets of their business by providing front to back management of energy trading.
TRMTracker provides straight-through-processing of deal capture, risk management, scheduling, settlement and accounting in a single platform. The solution effectively supports market, credit and operational risks. TRMTracker is the perfect trading and risk management (TRM) solution for organizations that require a flexible, robust trading and risk management tool and lower cost of ownership.
“We are pleased that TRMTracker will offer the solution that will meet NBU’s requirements and hope to exceed their expectations as we have been able to do in the past for our clients,” commented Pioneer Solutions’ CEO, Uday Baral.
Pioneer Solutions is increasingly becoming known for being at the forefront of delivering next generation commodity trading & risk solutions which are recognized by the industry and developed to meet the unique needs of companies world-wide.
Established in 1942, NBU employs approximately 200 people and provides electric, water and sewer/wastewater services to nearly 35,000 customers. The NBU Electric System consists of 883 miles of overhead and underground distribution lines and services over 31,000 electric meters. NBU serves its customers with some of the best electric rates in Texas. The water system consists of groundwater and surface water with an annual demand of almost 4 billion gallons of water for over 26,000 customers while the sewer/wastewater system includes approximately 352 miles of line and currently serves over 21,000 customers.
Their mission: “Improving quality of life for our customers and community through excellence in service.”
About Pioneer Solutions
Pioneer Solutions is a global software provider of next generation Energy Trading and Risk Management (ETRM), Environmental Management Information Systems (EMIS) & Enterprise Compliance Solutions. Serving some of the largest utilities and energy companies across the globe, their flexible, web-based architecture can easily model unique and challenging business requirements as well as automate business processes.
Their solutions' modular technology allows delivery of specific modules or an entire comprehensive enterprise solution. This configurable template and workflow driven architecture facilitates rapid deployment ensuring a quality, on-time delivery and low cost of ownership.
Pioneer’s comprehensive suite of products are designed specifically for utilities and energy companies and offers a single, seamlessly integrated platform for all commodity types, risk exposures and compliance needs.