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SoftSmiths Announces Integrated SPP Marketplace Solution

Houston, TX. – November 30, 2011 – SoftSmiths, Inc., a leader in Software-as-a-Service (SaaS) enterprise solutions for energy transaction management, today announced an integrated SPP Market Participant solution consisting of SoftSmiths Trading & Logistics and SoftSmiths Market. Based on it SoftSmiths TMS platform, SoftSmiths Market's existing application framework will facilitate the adaption and expansion required to provide a SPP solution that offers complete functionality based on the distinct specifications of the new SPP Integrated Marketplace 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

By integrating SoftSmiths Market and SoftSmiths Trading & Logistics it allows traders to work in a deal capture system, with support for long-term and short-term deals, multiple trades with any counterparty, 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.

The Marketplace is scheduled to go live March 1, 2014 with market trials starting in 2013.

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 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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