SoftSmiths Announces SoftSmiths TMS 5.0

SoftSmiths, Inc., a leading energy software solutions and services company, today announced the Q1 shipment of SoftSmiths TMS 5.0, its flagship platform for energy trading, scheduling, and settlement within the wholesale power and gas market. Highlights of this upgrade include broad support for mainstream database platforms, a new highly flexible and comprehensive accounting and invoice management solution, a new administration and configuration module, a redesigned high-performance calculation engine, significantly enhanced XML data access and integration features, as well as various functional additions and usability enhancements, leveraging service-oriented architecture, to help increase productivity and deliver greater value to SoftSmiths customers.

Reflecting SoftSmiths’ proven domain, industry, and technology expertise, SoftSmiths TMS 5.0 provides an integrated solution that delivers market-leading depth and breadth of functionality to asset-backed energy companies with a focus on physical transactions.

The SoftSmiths TMS platform supports such activities 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 Inventory Management, and NERC compliant Electronic Tagging. In addition, SoftSmiths Power capabilities include Risk Measurement, Financial Settlement, Invoicing, Payment Tracking and Reporting.

"Driven by the needs of market participants and on-going industry and regulatory requirements, SoftSmiths TMS 5.0 delivers on our commitment to help customers update aging legacy systems, automate their purchasing/selling/delivery processes, and integrate technology in a way that optimizes their assets and ensures successful operations,” said Larry Stone, Director of Product Development at SoftSmiths.