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SoftSmiths Announces Availability of Transmission Cost & Billing Application for e-Reservation

Houston, TX. – July 7, 2009 – SoftSmiths, Inc., a leading energy software solutions and services company, today announced general availability of the SoftSmiths Transmission Cost & Billing application compatible with and augmenting its transmission management application, SoftSmiths e-Reservation.

e-Reservation is the industry leading application that helps seamlessly automate the process of submitting transmission reservations to OASIS and manage transmission inventory through a single view. By selecting SoftSmiths’ optional Transmission Cost & Billing application, Transmission Customers will gain valuable insight into the additional transmission charges that come on top of the cost of a transmission reservation and will be able to create payable invoices that represent the full transmission cost, thereby establishing a shadow accounting capability aiding reconciliation activities.

“Great power deals often turn out to be not as profitable as the trader thinks because of these hidden additional transmission charges,” said Hugo Stappers, Director Sales & Marketing. “SoftSmiths Transmission Cost & Billing application improves trade evaluation through enhanced price-discovery and provides decision-support by seeing the full cost to determine whether a trade makes economic sense.”

About SoftSmiths

SoftSmiths, Inc. delivers critical electronic energy trading and operations solutions and services that enable energy industry participants to enhance profitability and reliability in the competitive marketplace. SoftSmiths' proven solutions and in-depth knowledge of the industry's business practices allow its customers to automate manual processes, eliminate redundancies, and increase business visibility across the enterprise to allow faster decision making and more informed decisions, thereby improving profitability, operational efficiencies and cash flow. The company has been successfully delivering e-business solutions to energy service companies since 1997.

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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