Pioneer Solutions’ ETRM Settlement Software Gains Momentum in Europe

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Pioneer Solutions helps manage critical settlement and accounting processes with SettlementTracker software solution.

Pioneer Solutions ETRM settlement

Pioneer Solutions’ settlement and accounting module, SettlementTracker, is gaining traction in a market looking to ETRM solutions for comprehensive front to back office management.

Developed by industry professionals, SettlementTracker is a stand-alone settlement and accounting module designed to automate and manage standard and complex energy contracts, settlements, and billing. The system speeds the time to invoice utilizing the system’s workflow automation while minimizing operational risks.

Pioneer's system automates all processes from meter data and billing determinants management, to settlement and shadow settlement with counterparties and ISO/RTO/Pipeline entities. From transaction capture to invoicing, SettlementTracker improves process efficiency and supports straight-through processing of complex bi-lateral and shadow settlement processes. Pioneer’s unique architecture allows integration with legacy ETRM systems, existing spreadsheets, and external data feeds such as RTO’s and pricing feeds.

Featuring business intelligence reporting, a dynamic user message board with automatic alerts and full audit trails, the system supports seamless processing of transaction lifecycles across multiple departments.

Based on Pioneer Solutions’ Financial & Regulatory Risk Management Systems (FAARMS) platform, SettlementTracker is one of 6 web-based, template-driven solutions.

Find out more about what makes Pioneer Solutions' technology unique.

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.

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Uday Baral
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