"Their software provided powerful customization and reporting abilities which captured and structured our complex business processes."

Sempra Energy Solutions

Settlement PDF Print E-mail

RevenueAccurately manage the settlement process with a comprehensive set of tools designed to integrate all of your data into a single application

Back office information is complex and continually changing.  Companies need an integrated solution to gain real-time visibility across their enterprise to quickly and accurately manage the settlement process.  Finding a single system to capture all detailed physical and financial information from deal capture to settlement, flexible enough to manage your specific business needs and provide an accurate validation process to mitigate errors can be even more challenging.

Settlement 8.0

Allegro Settlement 8.0 provides comprehensive financial tools to manage the entire settlement process from invoicing to journal entries.  Physical, financial and other information associated with commodity transactions and logistical movements are validated to ensure completeness and accuracy of the settlement data, accruals for payables and receivables are posted, and the supporting margin settlement for broker traded activity is performed.

Settlement 8.0 supports multiple currencies and units of measure for the business processes surrounding natural gas, refined products, coal, crude oil, electric power and NGLs. Additionally, Settlement 8.0 is completely integrated with the balance of the Allegro platform. Most specifically, integration with components for Trading, Contracts, Logistics, Hedge and Net Valuation supports critical financial functions and processes.

Key Feature Key Benefit

Robust validation process of all required data including contract terms, pricing calculations and other counterparty details.

Assures the completeness and accuracy of settlement data required to perform the settlement function, and notifies users if any critical data is missing in order to mitigate costly errors

Ability to manage multiple currencies, units of measure and commodities

Built in flexibility allows the solution to easily accommodate all energy commodities including natural gas, refined products, coal, crude oil, electric power and NGLs.

Complete financial integration with the balance of the Allegro system

Streamlines the process of critical financial functions such as validating and confirming positions and transportation-related charges prior to accrual, booking the final accrual of ineffective hedge journal entries, and booking final physical inventory accrual journal entries.

Full audit capability allowing for ease of tracking and managing disputes

Real-time financial updates

Utilizing the benefits of grid computing, if the system detects changes or additions to financial data elements used in the settlement process; it automatically invokes the appropriate settlement functions on the data ensuring real-time accuracy and visibility throughout the system.