Dr. Dirk Mattig, EFET eCM Project Manager for RWE Trading's Back Office, on Ponton Consulting's EFET eCM Box+: "We were able to install our eCM test system from scratch within less than an hour thanks to the ease of use of the software. Message exchange via email with our pilot partner worked on the first attempt.
Ponton Consulting's software also met RWE's very strict internal security requirements so that we were allowed to install it in the DMZ to achieve message exchange via HTTPS.
During an intensive test phase with three counterparties over several months the software proved to be stable, reliable and mature and hence RWE's Back Office approved its use in production environment.
We are very pleased with both the quality of the software and the professional support by Ponton Consulting during the entire project."
For clarification of the project for the EFET (European Federation of Energy Traders) it is important to distinguish the following 3 terms:
EFET is a federation consisting of the major European Energy Traders which defines standards for energy trading
EFET net is a B2B integration project based on EFET standards
EFET Box is a software product based on the Ponton X technology implementing the EFET standards
The number of customers who have joined the EFETnet project has increased significantly:
Since 2005 more than 35 companies are using the EFET Box which is based on Ponton X/P and Ponton X/D technology.
Within this project Ponton Consulting provides development and support for the EFET Box as well as various additional services such as:
Business consulting (scoping, process-analysis and –design)
Integration projects
Installation and Training
Individual projects for related business processes and technologies
Test Drive
Would you like to see the EFET Box in action and test it? Please click here.
New
Ponton EFET Box 3.2a now available as a Trialversion!
For further Information regarding the EFET Box please contact us via email: products@ponton-consulting.de or telephone +49 40 69 213 340
"It has reduced operational risk at RWE Trading"
EFETnet was implemented at RWE Trading in Summer 2004 and so far, all of our expectations have been fulfilled – the new process is fast, secure, and drastically reduces our manual effort. From RWE’s perspective, these cost savings are nice, but our real benefit will come through the reduction of operational risk. A single manual error leading to a mis-matched trade not recognized until delivery can lead to a significant commercial loss. By fully automating the process, and by taking out manual intervention, we are greatly minimizing this risk.
Malte Möller
Head of Back Office, Essen
RWE TRADING
"Using EFETnet drastically upgrades the quality of Back Office services"
For us at Electrabel, the EFETnet implementation is a major step in optimising our Back Office processes. This enables us to provide better services to our clients, the Traders, which is what a Back Office is all about. At the same time, we can reduce the operational risk by excluding manual errors and finding trade mismatches much faster than in the old manual process. Thus we will achieve a better service quality, while at the same time reducing cost by a factor of 10. If we just count the trades with those 10 of our counter parties, who are already committed to EFETnet, we are already talking around 60% of our trading volume which is fully automated in the Back Office. This alone justifies the initial investment, and the ROI picture will become even brighter once more of our counter parties join.
Filip Sleeuwagen
Head of Back Office
ELECTRABEL TRADING
"EFETnet is set to automate trading at EDF"
At EDF Trading I am responsible for the in-house development and support of a fully integrated real-time front to back office multi-commodity energy trading and risk management systems incorporating leading edge technologies. After testing EFETnet, we soon realised it was a perfect tool for our trading floor. The traders can now spend more time doing thier job, and less time with paperwork.