Pioneer Recognized "Most Improved ETRM Vendor" -Energy Risk Rankings 2012
Pioneer Solutions LLC of Denver, CO. Recognized "Most Improved ETRM Vendor" -Energy Risk ETRM Software Rankings 2012 by an independent client and peer survey.
Ranked in 7 Categories: Awards Include Front Office & Trade Capture, Portfolio Management,Best Customer Service, Ease of Integrating with other Systems, Best Knowledge of the Market, Customer & Support Services, Overall ease of using the System.
London – March 12, 2012 – Pioneer Solutions LLC, a leading provider of next generation energy commodity trading and risk management -CTRM/ETRM (C-ETRM) software solutions, announced today that it has been ranked in seven (7) key C-ETRM categories in the recent Energy Risk Magazine 2012 independent vendor survey. The survey spanned the entire C- ETRM user community, from hedge funds and banks to energy end-users, oil/gas producers and utilities; the survey is designed to independently identify the best vendors in this sector.
At the Energy Risk Magazine 2012 awards presentations, Peter Petkov, Publisher of Energy Risk magazine praised Pioneer Solutions and commented that “Pioneer Solutions is the most improved vendor in the C-ETRM software category.” Pioneer Solutions has been commended by Energy Risk Magazine software rankings for the third year running as a top provider of C- ETRM software.
Pioneer Solutions, with its all web-based, rapid deployment, template and formula-driven front, middle and back-office enterprise C-ETRM solution "TRMTracker," is changing the way companies deploy and manage C-ETRM software. TRMTracker features extensive C-ETRM functionality including enterprise risk metrics and OLAP cube reporting capability. Built from the back office forward, TRMTracker also boasts the most comprehensive settlement and accounting functionality available including a top-in-class derivative hedge accounting module for FAS133 and others, AASB 139, IAS39 IFRS accounting standards.
George Bradshaw, Director of Trading & Risk Solutions (EMEA) who picked up the awards on behalf of Pioneer Solutions added, "Pioneer Solutions is thankful and appreciative that the C-ETRM user community and Energy Risk Magazine is acknowledging that Pioneer Solutions is at the forefront of providing the next generation technology solutions and a preferred supplier of C-ETRM solutions. This years survey shows, year on year we have seen Pioneer Solutions significantly increase its awareness in the industry as a leading vendor in this space.” The Energy Risk survey independently assesses software vendors based on the functionality, usability, performance, and reliability of solutions by conducting a poll of industry users of energy trading and risk management tools. The 2012 survey also focused on market knowledge, customer service and overall assessment of each vendor.
Uday Baral, President at Pioneer Solutions noted, "We are pleased that our platform is being acknowledged by the clients we serve, and the industry as a whole. It is our clients that are our true advocates and we appreciate their commitment to us. This response is also a reflection of Pioneer’s commitment to our customer base as we continually improve our product, for example, last year we improved the front-office with a more flexible and rapid deal entry template; also we deployed OLAP (3D) Cube reporting for improved risk intelligence and decision support. Key to our success is our flexible, no coding needed C-ETRM architecture that is fundamental to our ability to delivery even the most complex and challenging C-ETRM requirements rapidly. Furthermore, our iterative/agile approach todelivering C-ETRM has been proven to reduce the time of deployment allowing our customers to realize the benefits to the business faster while reducing the overall cost of implementation.”