Commodities Adds SoftSmiths TMS for ISO New England
Houston, TX. –
2012 – SoftSmiths, Inc., a leading energy software solutions
company, today announced that Freepoint Commodities, LLC has selected
SoftSmiths TMS for ISONE to support its wholesale power settlement
operations in the ISO New England market.
Founded by former Sempra Energy
Trading executives, Freepoint Commodities is a physical commodity
merchant based in Stamford, CT. Freepoint trades North American and
European Natural Gas and Power, Global Oil and Oil Products, Coal,
Emissions, and Metals and Metal Concentrates. In addition to marketing
and trading, Freepoint provides physical supply services and risk
management products for customers. Today, Freepoint has more than 200
employees in U.S. offices in Stamford, Denver, Houston, Louisville, and
Boise, and international offices in London, Toronto, and Zug.
To support its participation in the ISO New England market, Freepoint,
took advantage of SoftSmiths’ Software-as-a-Service (SaaS)
delivery model, a web-based environment that helps to simply
implementation, accelerate time-to-market, and gain ongoing processing
efficiencies, while requiring minimal IT support.
SoftSmiths TMS for ISONE provides ISO New England market participants
the bid/offer/schedule submission and settlement functionality to
automatically submit trade information to the ISO and identify
discrepancies in ISO charges and review ISO invoices, thereby reducing
reconciliation activities. Its easy-to-use User Interfaces with
powerful drill-down capabilities allow for quick user adoption and
training across different disciplines.
With SoftSmiths industry leading e-Link Application Programming
Interface (API), seamless integration with Energy Trading and
Scheduling systems can be established.
"SoftSmiths TMS for ISO Markets provides a fully fleshed-out
comprehensive value proposition that makes it stand apart from other
offerings for North American ISO/RTO markets," said Hugo Stappers at
"By expanding the SoftSmiths ISO functionality to the ISONE, Freepoint
is gaining a valuable and accessible platform to help them optimize
operations and equip its trading staff with the level of efficiency
that drive better results. We are very pleased with Freepoint selection
and look forward to supporting their New England ISO operations.”
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.
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