Business & Investments

Pioneer Solutions Receives Double The Recognition in 2013 Energy Risk Software Rankings

In 2013, Pioneer Solutions was recognized as No. 1 for Carbon Emissions Trading

Denver, Colo. (PRWEB) March 12, 2013

Pioneer Solutions is pleased to announce their results of the 2013 Energy Risk Software Rankings.

This year, Pioneer Solutions, ranked in the top five in 15 separate categories, including No. 1 in Carbon Emissions. This is more than double the number of individual categories which Pioneer was ranked in the previous year and nearly quadruple since 2011.

Pioneer also ranked for the fourth year in a row for their customer support and ease of integration abilities. Other notable category rankings include: Best Overall ETRM Platform, Best for Project Delivery on Time and Within budget, Best Market Knowledge, and Regulatory Compliance.

Uday Baral, President and CEO of Pioneer Solutions, commented, “We are very pleased that the effort we have been putting into our product and business practices is being acknowledged by the ETRM community. We feel that the recognitions we have received this year are a great testament to the fact that our next-generation software solutions are gaining momentum in the industry.”

George Bradshaw, Director of ETRM & EMIS Solutions (EMEA) for Pioneer Solutions noted, “Energy professionals are year on year becoming more aware of Pioneer’s capabilities and value proposition, and to see this reflected by our rankings results is a great achievement.”

Here is a detailed list of Pioneer’s 2013 rankings:

        1. Carbon emissions trading

        2. Customer/support services

        3. Best for project delivery on time and within budget

        4. Physical and financial integration

        5. Integration of different data sets

        6. Best market knowledge

        7. Overall ease of using the system

        8. Best market knowledge

        9. Portfolio management

        10. Best overall ETRM platform

        11. Best middle-office system

        12. Regulatory compliance

        13. Order routing & connectivity

        14. Market risk: Gas

        15. Front Office Trade Capture

In addition to surveying participants on vendor capabilities, the survey also gathers information from respondents about their plans and preparedness on certain issues. This year, the big topics were budgets and regulatory compliance.

According to the report, 45% of participants say their budgets will remain the same while 28% and 27% expect an increase or decrease, respectively.

When it comes to regulatory preparedness, only 20% said that their systems are ready for regulations such as Dodd-Frank, EMIR, and REMIT. Five percent report being not at all ready. Luckily, 40% say they are almost ready and 34% are not quite ready, but have started the process.

The Energy Risk survey assesses software vendors based on the functionality, usability, performance, and reliability of solutions by conducting an online poll of industry users of energy trading and risk management tools.

Pioneer Solutions has been participating in the survey since 2009 and has seen notable progress each year.

To access Pioneer’s full results, follow this download link.

Also be sure to check out Pioneer’s ETRM Blog for up-to-date info on Pioneer Solutions as well as a variety of industry topics.

About Pioneer:

Pioneer Solutions LLC is a global software provider of next generation Energy Trading and Risk Management (ETRM) Environmental Management Information Systems (EMIS) & Enterprise Compliance Solutions. Pioneer’s comprehensive suite of products are designed specifically for utility and energy companies and offer a single seamlessly integrated platform that can handle all commodity types, risk exposures and compliance needs.

Offering the latest in business processing capability, Pioneer’s products offer the user a configurable environment that allows for customizable templates for workflow and user-defined custom formula entry. Serving some of the largest utilities and energy companies across the globe, Pioneer’s flexible solutions are designed for rapid deployment and easily adapt to clients’ unique business processes, model complex trading scenarios and automate business processes.

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