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Pioneer Solutions automates back office processes for Eneco Energy Trade B.V.
November 4, 2013

Denver, Colo. USA
- Pioneer Solutions is pleased to announce that Eneco Energy Trade B.V. (EET) of Eneco Group has successfully implemented the first phase of SettlementTracker software for managing their billing and accounting processes of standard contracts. SettlementTracker software seamlessly integrates with Eneco’s trading system in order to manage and automate back office processes as well as provides SAP integration for accounting.

“One of the strengths of our platform is its ability to bring processes from all different corners of business and streamline them into one, comprehensive system,” explains Pioneer Solutions president, Uday Baral. “We are excited to complete this implementation for EET and demonstrate the exceptional abilities our system has to integrate with other systems for the management and automation of back office processes.”

Additional phases are being implemented to support all non-standard complex contracts. When all phases are done, SettlementTracker will become the single back office system for settlement and accounting at EET.  

SettlementTracker provides a comprehensive enterprise-wide settlement and accounting solution for standard and complex energy contracts. The platform offers straight-through processing (STP) and built-in workflow management that automates meter data and billing determinants, settlement processes and accounting entries, and General Ledger system integration.

About Eneco Energy Trade B.V.

Eneco Energy Trade B.V. (EET) is the wholly owned subsidiary of the Eneco Group. Eneco is an international renewable energy company with operations in the Netherlands, Great Britain, France and Belgium. The headquarters of the Eneco Group is located in Rotterdam. EET is responsible for the wholesale energy trading activities hedging the risks of both the customer and asset portfolio of the entire Group.

For over 100 years, Eneco has provided energy for their customers’ daily lives and today has a strong mission for sustainable energy focusing on renewable energy generation, trade, transport and delivery, devising and advising on (local) distributed energy solutions, and finding practical solutions to help customers save energy and generate their own sustainable energy.

About Pioneer Solutions LLC

Pioneer Solutions is a global provider of next-generation CTRM, ETRM, environmental management and financial and regulatory compliance solutions. Pioneer’s suite of solutions is based on their organically built, web-based platform, Financial and Regulatory Risk Management System (FARRMS), and offers comprehensive front, middle and back office process management for both physical and financial deals of all asset classes and commodity types. 

The latest in business processing capability, Pioneer’s products are web-based and template and formula-driven, providing the user a highly configurable environment for front- to back-office workflow automation of business processes. Ready ‘out of the box’ or tailored to our clients’ needs, our solutions allow for rapid implementation and fully integrate with existing systems.


For more information about SettlementTracker or one of Pioneer’s other software solutions, contact us.