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SoftSmiths Announces Integrated New York ISO (NYISO) Marketplace Solution

Houston, TX. – February 18, 2015 – SoftSmiths, Inc., a leader in Software-as-a-Service (SaaS) enterprise solutions for energy transaction management, today announced an integrated NYISO Market Participant solution consisting of SoftSmiths Trading & Logistics and SoftSmiths Market. By combining its SoftSmiths TCM platform with its existing SoftSmiths Market application framework, SoftSmiths provides a NYISO solution that offers complete functionality integrating standard energy transaction management with the distinct specifications of the NYISO market.

SoftSmiths Market provides ISO market participants the machine-to-machine interfaces with the ISO, based on the ISO interface specifications, as well as the monitor screens (displays) to allow staff to enter, adjust and submit resource plans, bids, and schedules, process ISO notifications, such as alerts, submission errors, awards, and manage settlements by performing a shadow settlement and facilitate settlement verification and reconciliation.

SoftSmiths Trading & Logistics is a seamlessly integrated front-to-back energy transaction management solution for Load Serving Entities and provides functionality such as Load Forecasting, Resource & Portfolio Management, Real-time and Term Trading, Multi-Commodity Deal Capture, Net Position and "What-If" Impact Analysis, Volume and Mark-to-Market reporting, P&L reporting, Scheduling, Transmission Reservation and NERC compliant E-Tagging, Financial Settlement, Invoicing, Payment Tracking and Reporting.

Integrating SoftSmiths Market and SoftSmiths Trading & Logistics allows traders to work in a deal capture system, with support for long-term and short-term deals, multiple trades with any counterparty, and trades both inside and outside the ISO.  The integration determines what trades and schedules need to be submitted to the ISO, automatically structuring the information in the form needed by the ISO.

Gartner recognized SoftSmiths' strong solution offering for asset-centric companies with a focus on physical transactions, its industry leading logistics functionality with Scheduling, Transmission Reservation and NERC Compliant Tagging, combined with deep knowledge of North American Markets.

About SoftSmiths

SoftSmiths, Inc. is a leader in enterprise-class, Software-as-a-Service (SaaS) solutions for energy businesses, combining a lower cost of ownership with an innovative approach to business applications. SoftSmiths delivers multi commodity pricing, forecasting, trading, risk management, scheduling and shadow settlement solutions. Delivered in the cloud leveraging a modern scalable, flexible technology platform. Visit us at http://www.softsmiths.com.

SoftSmiths is a registered trademark of SoftSmiths, Inc. All other products are trademarks or registered trademarks of their respective companies.

Contact Information:

SoftSmiths Inc.
Phone:    713.626.9184
Fax:        713.626.0186
Email:      mkt@softsmiths.com
Website:  www.softsmiths.com

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