Oct 12, 2017   SOURCE: BusinessWire

Entero Releases E1 v2017 to Manage New Regulatory Requirements and Drive Efficiency for the Hydrocarbon Value Chain

Entero Corporation, a trusted leader in energy software solutions for the upstream and midstream sectors, is excited to announce the v2017 release of Entero® ONE™ (E1). E1 is the industry’s only unified ETRM system for production, processing, trading, logistics, and accounting. It is tailored to meet the unique requirements for front, mid, and back office operations by connecting volumes to value and effectively managing the complexities in midstream transactions.

As hydrocarbon commodity marketers are faced with changing regulatory trends, tighter controls around costs, and greater scrutiny of corporate governance, there is a need to implement solutions and technologies that can optimize operations and build shareholder confidence. Entero understands these challenges intimately, so together with industry experts and client feedback, the company has released v2017 to streamline end-to-end operations, encourage greater alignment between cross-functional teams, and support client growth and profitability.

V2017 includes significant enhancements for Contract Management by automating workflows, increasing efficiency, and paving the way for organizations to achieve a paperless environment. As well, there are now robust credit checking capabilities to enable the calculation of credit exposure in real time, while automating the hold and release of new orders. Clients can also take advantage of the best in class activity-based costing/inventory valuation to gain accurate and insightful profitability analysis for each transaction, which can be run separately and on-demand by business unit.

“We are invested in creating the most reliable and adaptable solution for all hydrocarbon commodity marketers,” said Steve Remmington, President and CEO of Entero. “V2017 further demonstrates our commitment to evolve E1 as the single source of truth across full cycle functions, from contract through to a company’s general ledger. We continue to enhance regulatory tax reports to meet industry demands, as well as automate or simplify critical processes to increase efficiency and ensure compliance.”

Other key highlights of the 2017 release include:

  • Facility Balance Report Enhancements – Improved supply chain planning and execution via forecast, scheduled, and actual quantity analytics and facility level balancing.
  • New BOL Formats – 'Certificate of Analysis' information for blended products: compliant to both U.S. and Canadian standards
  • Regulatory Tax Reports – Provide immediate access to the data needed for provincial and state regulatory commodity tax submissions, including various US excise taxes, Alberta Carbon Tax, and Ontario Cap and Trade tax.
  • Clustering of E1 Server – Provide scalability and availability by separating reporting, processing, and OLTP activities on multiple virtual or physical servers.

Entero is pleased to showcase v2017 at the upcoming E1 User Conference on October 26, 2017 in Calgary. This is an opportunity for the industry to learn about E1, collaborate with their peers, and discuss industry trends and updates. For more information on this event, please contact marcomm@entero.com.

About Entero Corporation

Entero helps companies effectively plan, execute, and settle complex multi-commodity midstream transactions. Entero ONE is a focused solution for companies dealing with gas, crude, NGLs, biofuels, and refined products. The system can support all full cycle functions associated with the entire hydrocarbon supply chain, including production, processing, trading, logistics, and accounting. Learn more today!