Go Live with enerbility’s comprehensive Confirmation Management at Verbund APT

enerbility is happy to report the Go Live with its full-fledged Confirmation Management (enerbility CM). This product covers ALL confirmations at Verbund. On the one hand, EFET eCM-standard compliant counterparties can confirm via eCM with Verbund, on the other hand all Verbund-Counterparties that do not have eCM are also integrated into the enerbility fax CM-product of Verbund.

This means that Verbund is now able to manage and process both faxed and electronic confirmations through a single application.

This brings tangible benefits with electronic confirmations but equally the faxed roll out now means:

• Faxed confirmations are now generated from an application that is fully documented and supported not only by the Verbund Operations Support team but also by enerbility.
• Verbund has a manageable yet flexible confirmation creation structure and process which replaces a substantial number of faxed templates which had to be maintained.
• Significant improvement in reporting capabilities for end users and management.
• Avoidance of any media break, no print-outs are necessary anymore.
• Bundled storage of ALL confirmations including combined brokered deals where Counterparty does not have eCM but broker has and vice versa.

About Verbund (www.verbund.com)
Verbund, the largest producer and transporter of electricity in Austria, is one of the leading hydropower producers and also one of the most profitable energy utilities in Europe. With approximately 2,500 employees, Verbund generates annual sales of more than 3 billion euro. Verbund is also one of the most expansive and most successful electricity traders in Europe. Approximately three-quarters of its electricity is sold abroad. Verbund has subsidiaries or joint ventures in eleven European countries. The largest sales markets are Germany, France and Italy.

About enerbility (www.enerbility.com)
enerbility software gmbh is a pioneer in the area of automating back office processes in the energy trading industry. It develops a platform incorporating Web Services and ebXML for exchanging and processing XML documents for multiple applications. Customers of enerbility include major energy traders like E.ON, ATEL, Statkraft and Verbund APT, BKW FMB Energie AG and Nuon among others which use enerbility's implementation of electronic confirmation matching compliant to applicable standards published by the European Federation of Energy Traders (EFET).