We really like the way that Contigo works with a great understanding of the products and customer requirements and the team’s positive, collaborative approach to working with their clients.
Accurate energy pricing
enPrice is the "next generation" solution for accurate customer pricing. A complex combination of energy costs, distribution charges, transmission system costs and a numerous other charges and levies, combine to provide a vast number of potential pricing permutations. enPrice consolidates this information using a comprehensive pricing engine to accurately determine each cost element down to the finest possible level of accuracy. At each stage, industry cost models are used to ensure each cost element is calculated precisely. Once calculated, the appropriate uplift or risk margin can be applied to any cost element; all the costs are then summarised for each quote requested.
Produce quotes - fast!
enPrice separates the complex pricing process from the quote production, allowing the Retail Sales team to operate much more efficiently. Quote production is as simple as entering the basic customer details, meter number and historic usage. Bulk quotations can also be done using a standard file import. Sales margins can be monitored and controlled by the sales manager at any point. Contigo’s document creator prepares the detailed quotation in PDF format and stores this in the system alongside the quote, ready to be sent electronically, or printed.
Requote - faster!
Need to re-quote a previously supplied quote? The re-quote function can prepare a new quote based on the original in seconds. Rapidly quote for different products or revised margins using this powerful capability.
enPrice automates the quotation process so that nonspecialist staff can produce quotations with minimal training. The speed of the system allows many more quotes to be accurately provided to potential customers. Specialist pricing staff can focus on risk management, market intelligence and product development, without needing to worry about each quotation being sent out. Risk factors are automatically built into each quote, as are updated industry costs as soon as they are activated.
enPrice incorporates industry standard settlement rules and models to reflect the ultimate costs that will be levied on the supplier once a customer has been signed up on contract. Each price component is tagged with the current version of the market data model to allow subsequent reconciliation of all quotations. A summary of the cost components is retained alongside each quotation, detailing the costs rules applied at the point of quote.
The enPrice administration components have been designed from the user’s point of view, with simple upload facilities and the ability to store and use multiple versions of forward cost curves.
enPrice allows the risk and pricing analysts to manage and configure the tariffs, products and pricing structures to be used in the quotations. The pricing analyst has full control of cost matrices and pricing increments, and can choose which supply types are included or excluded from the quote production process.
enPrice is built as part of Contigo’s successful enTrader suite, providing a number of benefits to the client. The modern web-based platform provides a wealth of configuration options to make the enPrice platform suitable for all Energy Retail businesses, big or small. Customised and configured to your specification, enPrice can be confidently placed at the heart of your retail organisation.
enPrice has a permissions system that allows very tight control over users access to the system and the margins and products they can offer. The system also partitions security by commodity (Power, Gas, Dual Fuel etc.) if required.
Building on Contigo’s proven application framework, enPrice includes a comprehensive auditing function, tracking all user changes made across the system. A system-wide audit search completes this audit function.
Tight integration with Microsoft Excel allows for rapid data import and export if required. Bulk uploads are supported in either Excel format or using Contigo’s comprehensive API interface. Built with the latest Service Oriented Architecture (SOA) technology, all of enPrice’s functionality is accessible via a SOA web service layer.
enPrice blends Contigo’s technical know-how with WES’s industry knowledge to provide enPrice customers with a compelling combination of expertise in Energy Pricing. Our senior design team have been working in energy pricing for between 15 and 20 years each and are experienced in the nuances and complexities of this intricate market.