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QR Back Office Solutions

Back Office Dashboard & Custom Workflow
Automated Settlement, Billing and Invoicing
Connectivity with Data, Exchanges and Markets
Cash Flow Mapping
Forecasted Settlement, Cash Flow and P&L


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Whether on the cloud or on-site, integration of data and streamlining and automation of back-office functionality eliminate manual intervention and operational risk, while increasing productivity.

Ready-to-use 24/7 Cloud Back Office Solutions tailored to meet the budget and needs of smaller players. No IT resources, development or customization. Automated back office for world financial and energy markets and exchanges, electricity ISO energy & reserve transactions.
Ready out-of-the-box with numerous existing templates and vast configuration flexibilities to handle financial and physical settlement in world markets. Lightening fast implementation. All you need is a browser. Save years and millions on implementation.

Benefits and Advantages

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    QR Back Office Dashboard organizes complex functions into a step-by-step workflow to ensure data and process integrity, validation, control and compliance.
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    Automation of settlement, billing, clearing and invoicing. Automated execution on customizable schedules.
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    Automatic calculation and management of charges and fees. Financial charges, e.g., interest, FX, transaction, banking, processing, margins and taxes. Physical charges, transmission, distribution, transportation, wheeling, energy and various regulatory charges in electricity and gas ISO, power pool, wholesale and retail markets.
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    Management of accounts and data. Financial accounts margin, broker, banks, etc. Electricity ISOs and power pools. Data, meter, volume, prices and settlement.
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    Flexible Connectivity Bridge and APIs accelerate interfacing with third party markets, ISOs, operators, exchanges as well as internal accounting, billing and ERP systems. Export settlement and billing data in any desired format to your finance and billing systems. Connectivity, data import and export can be manual or set on automated schedules.
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    Drill-down to (sub)-hourly (shadow) settlement level for data and bill validation in one view. No need to piece together scattered data. View all needed data on one screen and display of granular and aggregate data with the ability to roll-up and down.
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    Independent shadow settlement, variation reporting and configurable threshold for variation warnings.
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    Each deal is settled in its native currency, with the ability to switch currencies on the fly for aggregation and reporting.
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    Settlement, cash and P&L valuation are performed across a continuous timeline. Intraday settlement estimates as trading occurs, overnight confirmation, end of month settlement, billing and reconciliations on actual data, and forward looking settlement and P&L forecasts.
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    Seamless integration with the risk module for market, exposure, credit, liquid, hedge accounting, and regulatory risk reporting.
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    Automated online billing system on the cloud. No overhead or IT requirements.

Back Office Dashboard

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    QR Back Office Dashboard organizes complex chains of back office functions into a step-by-step workflow that has to be followed by different staff to enforce data and process integrity, validation, control and compliance. The dashboard displays back office workflow, completed and outstanding stages, milestones and the staff involved in the process.
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    Every action or desk in the back office can be configured as a stage in the workflow. One stage leads to another to ensure proper execution order. Email notifications are automatically sent to various stakeholders informing them of their next task.
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    Transition from one workflow stage to another can be configured to require validation and approval by an officer. Upon approval, the dashboard screen is unlocked and its assigned staff can carry out the next stage. For example, one staff member might be assigned to only actualize and validate data and after that another staff member unlocks the screen to settle different books or charges.
Back Office Dashboard

Key Functions

Back Office Dashboard
Back Office Dashboard
Custom workflow. Visual dashboard. Data and process integrity, validation, control and compliance.

Read above.

Settlement Services
Settlement Services
Automated services for world financial, energy, commodity and electricity ISO markets and exchanges.

Read below.

Cash Flow Mapping
Cash Flow Mapping
Dynamic valuation engine. Customized valuation rules and organization of settlement ledger and line items.

Read below.

Wholesale &; Retail Energy
Wholesale & Retail Energy
Complex wholesales & retail electricity and gas back office, settlement and data. Cloud billing system. Web CRM.

Read below.

Back Office

Settlement Services

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    Preconfigured settlement rules and libraries for instruments traded in world financial, energy and commodity markets and exchanges. Worldwide electricity ISOs and power pools, energy, ancillary and reserve transactions.
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    QR Data Connect offers flexible APIs to connect to financial and physical markets, exchanges, brokers and ISOs data feed and portals to fetch and upload settlement data. We also offer custom manual data loader.
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    Perform independent shadow settlements, with variation reporting based on configurable warning threshold.
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    Settlements are executed automatically on set schedules. Automated settlements are executed at multiple frequencies ranging from end of day based on real-time data all the way to end of month based on actual final data.

Cash Flow Mapping

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    Dynamically define and maintain settlement rules for OTC, bilateral and any trade types. The settlement engine offers cash flow mapping in user friendly on screen dialogs where multi-tier complex settlement valuation rules and formulas can be configured without coding or programming.
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    Dynamically define, modify and maintain custom settlement ledgers to organize billing line items in nested sections and subsections to match billing, accounting and financial formats. For example, start with two main "Cost" and "Revenue" levels and fill them with multiple sublevels. E.g., "Cost" sub-groups can be processing (brokerage, exchange, clearing, OPX), treasury (interest rates, FX, fees, discounts), physical charges (fuel, energy, commodity, supply chain), or logistics (storage, shipping, transmission, transportation, distribution, grid or pipeline). Flexibility to drill-down and roll-up across the ledger sections.
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    Preconfigured settlement rules and libraries for traded instruments across numerous world markets: financial, energy and commodity exchanges, electricity ISOs and power pools.
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    Forecast settlement, cash flow and P&L. Valuation and settlement engine are one and the same. Settlement, cash and P&L valuation are performed across a continuous timeline. Intraday estimates as trading occurs, overnight confirmation, end of month settlement, billing and reconciliations on actual data, and forward looking forecasts.
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    Aggregation and drill-down to (sub)-hourly nodal details and rolling up to daily and monthly values. Consolidation and validation of monthly bills.
Cash Flow Mapping
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    Create common charge sections and drag and drop them in a given financial or physical transaction without the need to reconfiguration multiple times. Ability to flag some charges as absorbed or pass-through when needed per client.
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    Manually overwrite or base or computed data.
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    Multiple concurrent valuation rules on different data phases and timescales. E.g., real-time intraday P&L uses real-time data as published by ISOs, overnight settlement uses overnight meter and settled prices, while preliminary or final settlement use their own end of month actualized meter and price data.

Energy Wholesale and Retail Back Office and Billing System

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    Comprehensive ISO back office solutions. Preconfigured settlement libraries for energy and ancillary transactions in world ISOs and power pools. We continually maintain and upgrade these. Data management, meter, prices and settlement across all published phases, e.g., overnight, provisional, preliminary, final, etc. Data validation. No learning curve required. We use identical terminology, fields, curves, charges, data and settlement rules for each market. Automated settlement. Aggregation and drill-down to nodal (sub)-hourly and rolling up to daily and monthly.
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    Drill-down ability to go down to (sub)-hourly (shadow) settlement level for data and bill validation in one view, with display of granular and aggregate data, for load, charges, fees and prices involved in each ISO, wholesale and procurement bill. Ability to breakdown and map out granular settlement data to withdrawal and injection nodes and meters. Roll-up to arrive at aggregate billing segments as per a client' assets, procurement portfolio or suppliers.
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    Create common charge sections for a given ISO or gas market and drag and drop them in a given physical energy transaction without the need to reconfigure multiple times. Ability to flag some charges as absorbed or pass-through.
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    Multiple concurrent settlement runs. The settlement engine runs automatically around the clock to provide visibility to better manage cash flow. Real-time settlement occurs as periods roll forward, using best available real-time data. Overnight or next day settlement with confirmed data. Provisional, preliminary and final settlement are computed as data is actualized.
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    Create custom ledgers to organize dozens of charges and fees in physical retail electricity and gas bills. For example, start with two main "Cost" and "Revenue" levels and fill them with nested sub-ledgers. Typical sub-ledgers under "Cost" are transmission, distribution, wheeling, regulatory, energy, fuel, capacity charges.
Billing System
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    Cash flow mapping and valuation engine allow the user to define complex mathematical settlement and pricing formula involving multiple curves, mixed indices, volumes, loads, prices, fees, charges and other quantities.
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    Dynamic creation of hybrid retail energy pricing plans wherein different segments of load have different pricing rules. Drag and drop, without re-configuration from scratch, existing retail settlement of pricing plans into the body of a hybrid transaction. For example, starting with existing peak, off-peak and fuel index deals, combine them to make a hybrid retail whose price for the first tranche of load is the peak and off-peak, and any load exceeding the tranche is priced as a fuel index.
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    Automated online billing system on the cloud for retail marketers, utilities and energy cooperatives. No overhead or IT requirements.

QR BACK OFFICE is used in the following products:

QR Utility Optimization
QR Power & Gas Trading
Power, gas and fuel trading. Exchanges, financial, physical, bilateral, and ISOs. Retail trading. Automated front and back office solutions and services.

Learn more 

QR Generation & Bidding Optimization
QR Financial Trading
Banking, financial, assets, portfolio and treasury trading and cash management. Automated front and back office solutions and services. Custom workflow.

Learn more 

ISO Solutions
QR ETRM & CTRM
Multi-energy and commodity trading. Physical, OTC, financial, exchanges and hedges. Automated front and back office solutions and services.

Learn more 

Next Generation Dual-use Cloud On-site Architecture

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  • QR Back Office Cloud Solutions

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  • On-site Implementation

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  • New Commercial Paradigm

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