For additional information, contact: World Energy Releases Upgrade to Exchange Software New upgrades enhance support for Sarbanes-Oxley reporting May 24, 2006. Worcester, MA. World Energy Solutions announces the release of version six of its online reverse energy auction platform, the World Energy Exchange. The latest release incorporates new modules for deals management, customer site import management and reporting management. In combination with existing Exchange functionality, these new modules significantly enhance reporting capabilities associated with Sarbanes-Oxley compliance and add significant value for the company’s channel partners and end users. World Energy’s Exchange is a business-to-business energy exchange that combines on-line reverse auction technology, a broad network of suppliers and comprehensive energy market intelligence to enable customers to secure the lowest energy prices available anywhere . “The Exchange has proven itself in helping channel partners to achieve dramatic savings in procuring supply on behalf of their customers,” said Phil Adams, World Energy Chief Operating Officer. “With this release we have added functionality that our channel partners have asked for, providing step-by-step documentation of every component of the purchasing process, from pre-auction task management and planning, to real-time auction bid tracking and post auction contract and usage management. The Exchange automatically captures details and provides a fully auditable trail.” The new Exchange modules include functionally for tracking task activities, recording notes, document management and import of customer usage data, accounts and utility standard offer service rates. In addition, functionality for generating savings comparisons to utility rates is included with the latest release. |
