The Challenge

A natural gas and power wholesale energy marketer was expanding its Energy Services business and looked to manage power assets in multiple markets. This included implementing a bid-to-bill system to automate scheduling, ISO settlements, customer invoices, and contract management.

After narrowing their software selection search to two vendors, the company needed help selecting a system to move forward with; specifically, they needed a partner to facilitate the high-level use-case creation, perform a competitor analysis, develop a standardized request for vendor pricing, and complete the selection process.

After previously developing a great working relationship through different projects in the past, the client engaged Sendero’s subject matter expertise to lead this software selection process and implementation.

After previously developing a great working relationship through different projects in the past, the client engaged Sendero’s subject matter expertise to lead this software selection process and implementation.

Our Approach

Sendero collaborated with the company to identify requirements of the bid-to-bill system, including key functionalities and capabilities with their associated priorities, then developed a vendor scorecard and scoring methodology based off these priorities. Vendor sessions were then organized to allow for the vendors to demonstrate their system and answer questions. During these sessions, Sendero utilized the scorecard to recommend a software system that would best meet the client’s needs.

Following vendor selection, Sendero managed the implementation of the selected system, which included the creation of a project plan, configuration and installation of the software, test case development and UAT administration, creation of an onboarding procedure, development of reports and training, and management of communication and project status, all while providing project advisory. The go-forward plan included a phased approach to implementing the bid-to-bill system in one energy market at a time, focusing on markets where the client wanted to acquire assets.

Sendero collaborated with the company to identify requirements of the bid-to-bill system, including key functionalities and capabilities with their associated priorities.

Our Results

Before this bid-to-bill system was implemented, the company used manual spreadsheets to manage its power assets. The new software system removed the need for those spreadsheets and empowered the company to manage power assets in all nine markets with the capability to perform the following functions:

  • Automated scheduling
  • Day-to-day activities, such as hedging and real-time offer adjustments
  • ISO Settlements
  • Customer Invoices
  • Contract Management
  • Integrations to existing applications and systems

Sendero partnered with the client in selecting this new software system and also assisted in the implementation in each of the power markets they operated in. The selected software not only met the client’s requirements of budget and timeline but fit their company from a cultural perspective as well.

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