NEW YORK, April 19, 2004– SunGard Energy Systems, an operating group of SunGard (NYSE: SDS), announced today the availability of the first version of its Entegrate solution suite, which consists of integrated modules for risk management, and power and gas physical and financial operations. Entegrate provides comprehensive front-, middle- and back-office functionality, wholesale and retail, for all energy commodities and traded energy financial instruments, including power, natural gas, coal, emissions and weather. It helps energy companies to address new requirements associated with the implementation of regulatory and corporate mandates relating to corporate governance, credit risk management and enterprise-wide financial reporting.
With Entegrate, energy companies can benefit from an integrated, modular framework for energy trading, risk management and scheduling, which can help them to streamline processes, improve operating efficiency, increase auditability and process control, and improve data workflow and consistency. Existing customers can benefit from this new architecture and functionality through a well-defined upgrade path, from a trusted vendor partner.
Entegrate helps to reduce operating errors and improve efficiency and control by providing centralized management of important business processes on one system. Because all processes are tied to a single database, Entegrate offers streamlined data entry, security for access to forms and security to separate regulated and non-regulated utilities and important trading controls such as credit limits, trading limits, stress tests, audit trails and position reporting.
Entegrate also helps to improve data management by providing a common user interface for deal making, confirmations, invoicing, scheduling, mark-to-market, reporting, security and credit, helping to ensure data consistency. Data from regulated and unregulated areas within an organization can be simultaneously captured for enterprise-wide reporting and analysis and segregated from unauthorized access between internal groups.
Entegrate leverages existing functionality from several energy trading and risk management solutions within its new architecture.
Matt Mandalinci, president of SunGard Energy Systems, said, "With Entegrate, utilities, generating companies, power pools, gas and oil producers, processors and other energy market participants will benefit from more tightly integrated, comprehensive and secure commodity trading, risk management, scheduling and asset optimization. This translates to lower overall cost of ownership, and ease of implementation and maintenance for customers."
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