Previse Systems offers a SaaS-based Energy Trading and Risk Management (ETRM) solution for European electricity, natural gas, and certificates trading. Their platform provides a modern software architecture and an open App Store, allowing energy companies to integrate custom functionalities and leverage community-driven IT synergies for faster, more cost-effective software solutions.
Funding
Funding not disclosed
Founders
Product
Problem
Energy companies in Europe face challenges in managing the complexities of electricity, natural gas, and certificates trading, often relying on outdated or inflexible ETRM systems. These legacy systems can be costly to maintain, slow to adapt to market changes, and lack the ability to easily integrate custom functionalities.
Solution
Previse Systems offers Previse Coral, a SaaS-based Energy Trading and Risk Management (ETRM) solution designed for the European energy market. The platform combines a modern software architecture with an open App Store, enabling energy companies to integrate custom functionalities and leverage community-driven IT synergies. Previse Coral supports high-performance valuation and reporting, combining external and internal trades with production/consumption forecasts and market prices. The system's data structure follows accepted market standards, facilitating easy data migrations and strong system performance.
Target Audience
The primary target audience includes European energy companies involved in electricity, natural gas, and certificates trading, as well as utilities and specialized traders.
Features
- Cloud-native SaaS ETRM software optimized for performance and scalability
- Support for European electricity, natural gas, and certificates trading
- Open App Store for integrating custom or reusable functionalities
- Valuation and reporting engine for mark-to-market, profit & loss, and exposure calculations
- Standardized master data repository, automatically updating with new market data
- Trade Templates and Market Templates for data standardization and control
- Support for short-term trading with real-time position monitoring
- ISO 27001 certified for secure data handling