Pioneer Solutions, a leading provider of commodity/energy trading and risk management solutions, announced today the successful delivery and go-live of a complete upgrade of Essent’s energy sourcing, position management, and settlement system with the latest version of TRMTracker, Pioneer’s flagship C/ETRM system.
Backed by Pioneer’s award-winning implementation methodology, the upgrade enables one of the Netherlands largest energy retail companies to support its supply and hedging operations with greater transparency, improved reporting, increased automation and efficiency. A Pioneer customer since 2008, Essent benefits from full transaction lifecycle support for physical and financial power and gas transactions, position management, (complex) settlement, and derivative hedge accounting.
“Pioneer’s has impressed us from the start, and the latest version brings us state-of-the-art technology and functionality that is critical to our business”, said Ron Hilkes, Teamlead Wholesale Markets at Essent. “Upgrading was the next natural step in order to enhance our capabilities at the local level and be able to optimize the interactions at the innogy Retail Energy Management group level.”
Voted “Preferred C/ETRM System” by clients and peers, TRMTracker offers a comprehensive and scalable software solution for commodity trading and risk management, supporting your entire trading cycle from trade capture and contract management, to portfolio management, logistics, risk controls, collateral and credit management, to settlement, and regulatory compliance reporting. TRMTracker is able capture both physical and financial deals for all asset classes and commodity types. Industry-leading functionality is available for renewable certificate management and hedge accounting to deliver a solution that manages every aspect of trading, reporting and compliance from one platform.
“We are very excited by Essent’s decision to upgrade to the latest version of TRMTracker and it is a testimony to both our strong relationship as well as TRMTracker’s position as a top C/ETRM solution in the market,” said Hugo Stappers, Director of Sales and Marketing EMEA at Pioneer Solutions. “The complexity of Essent’s business operations required a flexible and highly configurable enterprise-level C/ETRM solution, and it is TRMTracker that best met those requirements then as well as today. The Pioneer team looks forward to continue working with Essent for years to come.”
About Pioneer Solutions
Pioneer Solutions is a global provider of C/ETRM, environmental management and financial and regulatory compliance solutions. Serving utilities and trading companies across the globe, Pioneer’s Suite of flexible software applications deliver easy-to-use and integrated functionality for Trade Capture, Position Analysis, Portfolio Management, Risk Reporting and Settlement, thereby providing the insight and granularity to manage operations optimally. Our pioneering and award-winning software offers a user-configurable environment and designed for rapid deployment resulting in a lower total cost of ownership and enhanced customer satisfaction.