Settlement
Settlement and invoice/statement generation is fully integrated into all other aspects of transaction management, resulting in complete data integrity through to invoice creation.
- All financial commodity transactions, capital market transactions, physical and transportation/transmission transactions are settled and invoiced within EnCompass.
- The settlement workflow has numerous data and process controls to ensure all underlying data is validated.
- Accrual generation based on best available pricing and volume information.
- GL Interface architecture
- Cash flow reporting.
- Full support for complex pricing
- Full support for standard taxes
- Multiple invoice/statement formats are supported.
- Extensive reporting of settlement data, including validation of underlying data and exception reporting.
- Full support for currency conversions for all aspects of the transaction
- Support for settlement netting within contracts
- Automated settled price feeds for various publications (power and gas)
- Support for energy and volume units for deal capture and actualization
- Full support for heating value conversions in natural gas transactions, net back tariff based pricing, and quality adjustments
