Power Incorporates Best-of-Breed Risk Analytics
Houston, TX. – November 24, 2005 –
SoftSmiths, Inc., today announced availability of next-generation risk analytic engines now incorporated in the SoftSmiths Power suite out-of-the-box, to round out its Energy Trading and Risk Management system as a single vendor offering. SoftSmiths Power already accommodated easy integration with 3rd party systems, based on its industry-leading Energy Transaction Integration Manager platform, by working with customer-preferred risk management systems.
SoftSmiths has taken the approach to recognize the role of specialized risk management application providers that offer risk analytic engines that are engineered to integrate with other systems such as SoftSmiths Power, while meeting the customer's need for simplified vendor management.
"Today is another step in offering our customers an exceptionally complete platform for Energy Transaction and Risk Management", said Hugo Stappers, Director of Sales & Marketing at SoftSmiths. "A seamlessly integrated solution, with powerful features that are designed to work together, delivered through a single vendor."
The risk analytics platform features capabilities for market data modeling, a Monte-Carlo simulation engine, and risk computing including Mark-to-Market, Value-at-Risk, Cash Flow at Risk, Counterparty Exposure, Credit-at-Risk and more.
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.
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