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SoftSmiths Delivers Enhanced Functionality for ISO Market Settlement Analysis

Houston, TX. – August 3, 2005 –  SoftSmiths, Inc., today announced that SoftSmiths Market Settlement now includes enhanced ISO charge type analysis functionality that provides a unique, patent-pending, graphical process map that helps any user quickly understand how charge types are computed. Users can 'walk through' the charge types by drilling down to each calculation whereby the system shows what billing determinants are involved.

One of the key functionalities in a RTO/ISO market participant solution is managing settlements. This requires readily available, user-friendly data presentation, enabling different users in the organization to easily review and validate settlement information, and helping to more efficiently handle the complex ISO settlement process.

Market Participants can use SoftSmiths Markets to reduce time-consuming and resource intensive processing of settlement information. Based on its proven technology platform, SoftSmiths Markets offers an advanced settlement solution designed for:

  • Shadow Settlement

  • Verification and reconciliation

  • Dispute management and analysis

“Based on a single data repository, SoftSmiths Markets delivers what matters most to our customers: accuracy, automation, and confidence”, said Hugo Stappers, Director of Sales and Marketing at SoftSmiths.

About SoftSmiths

SoftSmiths is a leading provider of proven business critical Transaction Management Systems and services for Load Serving Entities, Generation Production Entities, Purchasing Selling Entities, and Transmission Providers who operate in physical markets to sell, purchase, trade, and deliver energy in the most efficient and cost- effective way. SoftSmiths’ seamlessly integrated, scalable, and adaptable solutions provide ready-to-deploy, out-of-the-box functionality that is highly configurable and customizable to meet companies' unique needs. 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.

Contact Information:

SoftSmiths Inc.
Hugo Stappers
Phone:    713.626.9184
Fax:          713.626.0186

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