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Payless Power Optimizes Supply Managemetn with SoftSmiths

Houston, TX. – March 1, 2013 – SoftSmiths, Inc., a leading energy software solutions and services company, today announced that Young Energy dba Payless Power, a Texas Retail Electricity Provider based in Fort Worth, has selected additional SoftSmiths applications to extend its current SoftSmiths TMS platform to support its supply management operations. They will replace Young’s existing legacy systems with enhanced, integrated supply management functions including trade capture and position management as well as ISO Scheduling and Settlement functionalities.

Payless Power, a long-time SoftSmiths customer, is a family-owned business, formed in 2004, and provides electricity services to residential and commercial customers.

Part of SoftSmiths’ integrated suite of TMS applications, the additional trade capture, position management, ISO submission and settlement applications seamlessly integrate with the SoftSmiths Load Forecasting and SCR 727 ESIID database services that Payless Power was already using.

Additionally, SoftSmiths’ Software-as-a-Service delivery model helped Payless Power to simplify implementation with faster time-to-value, thus enabling its supply management staff to quickly benefit from the enhanced visibility and control to operate efficiently in the competitive Texas retail market.

“SoftSmiths’ compelling SaaS offering provides Retail Electric Providers an affordable and easy-to-use suite of applications services”, said Hugo Stappers, Director of Sales and Marketing at SoftSmiths, Inc. “The business case is how long it takes them to create, deploy and manage an application today versus how much faster, cheaper, and more efficiently our SaaS offering allows them to outsource standard business processes that are not unique or proprietary to their business.”

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 energy trading, operations, and settlement solutions designed for today's energy marketing and load serving organizations and the way they conduct their business. Delivered in the cloud leveraging a modern technology platform, SoftSmiths offers a fresh alternative to legacy ETRM systems. 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.
Hugo Stappers
Phone:    713.626.9184
Fax:          713.626.0186
Email:      mkt@softsmiths.com
Website:  www.softsmiths.com

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