SoftSmiths Announces Integrated New York ISO (NYISO) Marketplace Solution
TX. – February 18, 2015 – SoftSmiths, Inc., a leader in
Software-as-a-Service (SaaS) enterprise solutions for energy
transaction management, today announced an integrated NYISO Market
Participant solution consisting of SoftSmiths Trading & Logistics
and SoftSmiths Market. By combining its SoftSmiths TCM platform with
its existing SoftSmiths Market application framework, SoftSmiths
provides a NYISO solution that offers complete functionality
integrating standard energy transaction management with the distinct
specifications of the NYISO 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
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
Integrating SoftSmiths Market and SoftSmiths Trading
& Logistics allows traders to work in a deal capture system, with
support for long-term and short-term deals, multiple trades with any
counterparty, and 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.
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.
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 multi commodity pricing, forecasting, trading, risk
management, scheduling and shadow settlement solutions. Delivered in
the cloud leveraging a modern scalable, flexible technology platform.
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