Track REC Portfolios and Maximize Total Portfolio Value
Denver, Colo. (PRWEB) November 6, 2009 -- Pioneer Solutions, LLC., a leading provider of regulatory compliance and risk management software, launched an updated version of its RECTracker platform. RECTracker is an integrated platform for renewable energy credit portfolio management. It supports meter-level tracking, trading, risk and position management, compliance reporting and settlement accounting. The latest version includes a comprehensive Renewable Portfolio Standard Library (RPSL), which tracks state by state renewable energy credit legislation. Now, companies using RECTracker can be sure they are in compliance with recent laws and efficiently utilizing their energy credits.
"More and more states are adopting 'cleaner' energy solutions, so we saw a need to include the Renewable Portfolio Standard Library in the RECTracker platform," said David Leevan, vice president of Pioneer Solutions. "With this new functionality, RECTracker users can identify where they can use their credits and how much their credits are worth in each state."
Based on customers' needs and feedback, Pioneer Solutions constantly updates and improves its regulatory and compliance solutions, including RECTracker. Powered by Financial and Regulatory Risk Management System (FARRMS)--which provides an integrated platform to mitigate financial and regulatory risks--RECTracker captures the lifecycle of trading and tracking of energy credits in one complete auditable system.
Pioneer Solutions made the most recent update to include the entire environmental process within the RECTracker platform. The RPSL feature allows users operating in multiple jurisdictions to streamline their internal risk management and analyze where they can create new value and opportunities.
About Pioneer Solutions, LLC
Pioneer Solutions is a leading provider of regulatory, compliance and risk management software. The company's products include ComplianceTracker, EmissionsTracker, FASTracker, RECTracker, SettlementTracker and TRMTracker. Built on the Financial and Regulatory Risk Management System (FARRMS) platform, Pioneer Solutions software products provide straight-through processing for specific front office, middle office and back office functions, allowing organizations to manage processes across multiple groups. Additionally, Pioneer Solutions provides consulting, implementation and environmental reporting services. For more information, visit www.PioneerSolutions.us.
###
