SoftSmiths
to Supply Colorado Springs Utilities with its e-Merchant
Product Suite
Houston, TX. – June 19, 2003 – Today,
SoftSmiths announced that Colorado Springs Utilities
has licensed
SoftSmiths' e-Merchant product suite for its Energy Transaction
and Accounting System. Colorado Springs Utilities is
a community-owned utility that provides reliable natural
gas, electricity, water and wastewater services to customers
in the Pikes Peak region. SoftSmiths delivers critical
e-Business solutions and services that enable energy
industry participants to enhance profitability and reliability
in the competitive marketplace.
Colorado Springs Utilities (CSU) is involved in the
increasingly complex energy commodity markets and required
a fully and seamlessly integrated scheduling and accounting
system covering commodity, transmission, transportation,
and ancillary services for both physical and financial
transactions as well as the associated accounting and
settlement functions that will facilitate optimization
of resources and participation in the energy commodity
markets.
"To enable us to track and report on trades and
related activities, we required a system that would
allow commonality across business functions and amongst
different commodities", said Janet Feltz, Bulk
Power Superintendent at CSU. "SoftSmiths e-Merchant
will provide all that and in addition gives us a platform
that offers the flexibility and adaptability to face
the on-going changes in the energy market place".
The e-Merchant product suite allows Load Serving Entities,
Generation Production Entities, Purchasing Selling
Entities and Municipal Utilities to meet the increasingly
demanding and complex requirements of their front office
real-time scheduling activities. By delivering the
core capabilities to electronically create, process
and manage transactions, e-Merchant seamlessly integrates
forecasting, trading, portfolio assessment, resource
management, scheduling, electronic tagging, risk management,
accounting and reporting to eliminate data errors,
reduces settlement time and optimize our customers'
positions.
"The complex energy market requires state-of-the-art
business technology solutions, particularly in a time
when the market continues to adapt and evolve, adding
an additional layer of complexity to customers' focus
on reliability and customer service," said Hugo
Stappers, Director of Sales/Marketing at SoftSmiths. "We
are delighted to help CSU by providing the solutions
that help increase reliability, provide real-time visibility
into their business and optimize their physical assets
through controls that eliminate inefficiencies."
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
Email: mkt@softsmiths.com
Website: www.softsmiths.com
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