San Francisco, CA, July 15, 2016 --(PR.com
)-- Powersoft, a cloud-based solution provider of PPA contract settlement software, announced today the delivery of the latest version of their power industry settlement software for existing customers. The newest version now supports historical production import capabilities. Powersoft provides a centralized, secure, and consistent database that can be accessed from anywhere in the world.
Powersoft simplifies transaction settlement and invoicing for PPA providers and off-takers. It can import meter data, manage meter data, and look up the PPA contract terms in a customized Powersoft database to create an invoice for the counter-party. Powersoft delivers faster, more accurate control over the settlement and invoicing process.
“This is an important milestone for Powersoft, since it will allow our customers to take all of their historical production data from the beginning of their PPA contracts and import them into our database,” said Mark Henwood, CEO of Powersoft LLC. “We see a growing need for owners and operators of power assets to provide a centralized, secured method to handle these important transactions.”
The challenges power asset owners/operators face include having to create invoices for off-takers, and checking the off-taker statements to make sure to get paid correctly. Operators also have been using spreadsheets that lack standardization and are difficult to find at times. Currently operators can only access spreadsheet settlement data at the office and with Powersoft they can access information from any location in the world with their cloud-based solution.
Customers like Enel Green Energy use Powersoft to manage their solar and wind PPA contracts throughout North America. Enel has found Powersoft to be a very useful operational tool for counter-party settlements. Powersoft provides ongoing, company-wide, transparent settlement activity that can be exported to other departments. For additional information or to setup a demo with Powersoft please call Mark Foster at 916-224-2600 x103 or visit our web site at: www.powersoft.biz
About Powersoft LLC
Powersoft is a leading software developer for the energy industry. Powersoft CEO, Mr. Henwood, was the founder of Henwood Energy Services, a leading provider of forecasting and decision support tools for the power markets. Powersoft was built to help power owners/operators manage their power plant assets and to simplify transactions settlement and getting paid accurately.