Hansen's Market Solutions simplifies market interaction and lowers the cost of transacting with the market. Market Solutions is a transaction processing framework and rules engine that simplifies integration between competitive markets and the CIS.
For retailers and distribution companies in competitive markets, data exchange and transaction management have become a complex and expensive support proposition - particularly for companies operating across multiple markets or in markets with constantly changing transaction standards. Each market or state operates with its own rules and transaction protocols which must be met in order to avoid penalty and provide reliable service in the market. Companies face high costs to integrate and automate interactions between a market and a company's CIS and other back-end systems. These analysis and implementation costs are borne for each new market entry and for market rule and transaction changes; a costly effort in ever-changing markets.
Additionally, a lack of flexible workflow and automation in market transaction and CIS systems results in high error rates and expensive manual exception handling processes. Energy companies need an efficient transaction and rule management system to keep them communicating, compliant and in control of their interactions with competitive markets.
Market Solutions automates the sending and receiving of market transactions and the workflows required to accurately process and action transaction changes within the CIS.
Market Solutions provides:
- Inbound and outbound translation, workflow, and exceptions management
- Compliance with specified market protocols
- Flexibility to implement retailer-specific business rules and workflow
- User-friendly access to transaction data
- Transaction data analysis and reporting
- A common framework to support multiple competitive retail markets on a single CIS
- Integrated to the Hansen CIS or your legacy solution