Energy Power Back Office Settlement Billing Software Solution

Automated back-office, settlement & billing software solutions

  • Automated electricity, gas and multi-energy settlement
  • Retail power and gas transaction settlement and billing
  • Configurable back-office workflow and lifecycle management
  • Seamless connectivity with data sources: meter, prices, exchanges & ISOs
  • Cloud and on-site deployment, or a web service
Energy Power Back Office Settlement Billing Software Solution

Automated back-office, settlement & billing software solutions

• Automated electricity, gas and multi-energy settlement
• Retail power and gas transaction settlement and billing
• Configurable back-office workflow and lifecycle management
• Seamless connectivity with data sources: meter, prices, exchanges & ISOs
• Cloud and on-site deployment, or a web service

Light, flexible and cost-effective settlement and billing solution for wholesale and retail energy operations. Eliminate operational risk and increase productivity by a fully automated back-office service

Challenges

Clients' profile. Entities trading financial and physical electricity, gas, fuel and emissions. Back-office and settlement managers of small and mid-size entities across all energy industries, gas, oil, power, generators, utilities, electric co-ops, electricity and gas retail marketers.

Target. Implement a light, cost-effective, robust and flexible back office solution offering these advantages: a) available on the cloud, on-site or as a service; b) no lengthy and costly implementation; c) easy and intuitive maintenance of transactions and valuation rules; d) flexible and robust settlement & billing for utilities and retail operations; e) easy integration with in-house ETRM, ERP, billing, accounting and ISO systems via flexible APIs.

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Why QR Back-Office Dashboard

QR Back-Office is a high-performance power and multi-energy back office software solution with these key apps
Back Office Dashboard icon

Back-Office Dashboard

Automatic management of back office data, settlement and billing processes in one dashboard. Complex functions are organized into step-by-step workflows that ensure data and process integrity, validation, control and compliance.

Cash Flow Mapping icon

Cash Flow Mapping

Configurable calculation and management of charges, fees, taxes, transmission, distribution, transportation, wheeling, energy and various regulatory charges for electricity and gas in wholesale, ISO and especially in retail markets.

Settlement Service icon

Settlement Service

QR Back-office can be installed on-site or on the cloud. It can also be an automated service, where our cloud server fetches all data, processes settlement, makes a back-up, and sends back the results via API, in csv, Excel, XML or JASON formats.

Wholesale _ Retail Energy icon

Wholesale & Retail Energy

Complex wholesales & retail electricity and gas back-office, settlement, billing and data management. Billing data export via API. Client data management via built-in Web CRM or third-party connection. Cloud billing system.

QR Back-Office Benefits

Integration of data, streamlining and automation of back office functionality eliminate manual intervention and operational risk, while increasing productivity.

Ready out-of-the-box solution with numerous existing templates and vast configuration flexibilities to handle settlement and billing for any financial, physical and retail energy transaction.

Whether on-site, on the cloud, or a service, you pay one single annual fee for license, maintenance and upgrades, tailored to your size and needs.

Flexible manual & automated data fetching and interfacing with third party systems, e.g., ISOs, exchanges, metering, and export of settlement & billing data to ERP, accounting, billing systems.

QR Back-Office features

One single back office platform for energy, gas, crude, fuel, wholesale, ISO (energy, ancillary and reserve), and retail energy transaction settlement. Online billing service for retail marketers, utilities and energy cooperatives.

Specialized modules for power trading back office: Meter & data integration, data validation, energy rate calculation, pass-through charge management (transmission, distribution, regulatory).

QR Back-Office Dashboard organizes complex chains of functions into step-by-step workflows, guiding each staff, while enforcing data and process integrity, validation, control and compliance. Messaging services notify stakeholders of the progress and the next tasks. Transition across workflow stages can be configured to require validation and approval.

Preconfigured libraries of settlement rules for many instruments traded in world energy, ISO and retail power markets and exchanges. On-screen configuration flexibility to adapt settlement and billing rules to fit any operation.

Common charge sections can be created and dragged into a given physical transaction. Some charges can be flagged as absorbed or pass-through. Manual overwrite of base or computed data. Multiple concurrent valuation rules coexist on different data publications. E.g., preliminary and final settlements use their own end of month actualized meter and price data.

QR Data Manager and API tools connect to financial and physical markets, exchanges and ISO data feed and portals to fetch and upload data. Custom manual data loaders can be easily configured. Settlement & billing data are exported via API in csv, Excel, XML or JASON file formats.

Settlements are executed automatically on set schedules. Automated settlements are executed at multiple frequencies ranging from end of day based on real-time data all the way to end of month based on actual final data. Independent shadow settlements, with variation reporting, and configurable warning threshold.

Aggregation and drill-down of settlement results from (sub)-hourly to daily and monthly. The drill-down ability to (sub)-hourly settlement level helps validate data and settled values in one view. Ability to regroup and aggregate settlement and billing data by any desired criteria, e.g., client type, region, asset, supplier, etc.

The settlement dashboard offers on screen cash flow mapping in user-friendly dialogs where multi-tier complex settlement valuation rules and formulas can be configured without coding. Dynamically define, modify and maintain custom settlement ledgers to organize billing line items in nested sections and subsections to match billing, accounting and financial formats.

Dynamic creation of hybrid retail energy pricing plans wherein different segments of load have different pricing rules. Drag and drop, without re-configuration, existing settlement blocks of retail pricing plans into the body of a hybrid transaction.

Our Clients Say

The QuantRisk team worked with us through our trader in everyday trading. They gave attention to our requests and suggestions. Responding to our concerns politely and diligently based on the terms of our contract / agreement with our power suppliers. They were available on calls and responded to us through e-mails, without having to meet personally. Based on the historical data and other information they gathered from us, QR Optimizer produced 30% savings for our consumers energy charge.
The President of an Electric Cooperative Association

Lets Talk About Your Needs

We look forward to exploring the range of options for your projects. Please write to us and one of our project managers will get back to you at once.
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