Contigo enhances flagship product to boost new business

CONTIGO, the Solihull-based developer of specialist software for the energy industry, has expanded its flagship enTrader product suite with the launch of a new Retail Portfolio Management module.

This latest addition to the suite – which includes the enPrice, enTrader and enVoy products – will enable both small and large-scale retail energy suppliers to manage their energy portfolio more effectively, by optimising trading activities for one or more commodities, such as electricity or natural gas.

Created for retail energy suppliers such as E.ON and RWE npower, enTrader Retail Portfolio Management includes a number of innovative functions, including sophisticated hedging strategies, automated trade generation and detailed reporting to ensure a smooth and reliable portfolio management process.

The system also maintains a real-time view of a company’s complete portfolio, enabling users to easily see the firm and non-firm positions, current demand and hedging effectiveness – all of which is available at the push of a button.

Jon Yeomans, Director, Contigo, said: “This latest addition to our suite of products allows retail energy suppliers to more effectively and accurately manage complex and changing demand. Users are able to generate visualisations of how the portfolio has changed over time by using the product’s built-in Snapshot capability, which can be hugely beneficial in terms of streamlining the reporting process.”

Contigo has had a busy year. It was a short-listed company in TheBusinessDesk.com’s inaugural West Midlands Business Masters awards and also secured a place on the prestigious Deloitte Fast 50 list of the UK’s fastest-growing companies.

It has also enjoyed a number of new contract wins, made additions to its product base and recently recruited four new employees.