Rise Services will be present at the 2019 Mid-Continent LDC Gas Forum in Chicago, IL from September 9th through the 11th. The 31st Annual event will be held at the Marriott Magnificent Mile hotel and will bring together over 400 leaders in the natural gas industry for 3 days of networking, insights, and deal making. Rise will be there to provide proven online solutions that will manage, analyze and optimize the Energy Trading and Risk Management processes within the natural gas industry.
The problem with the natural gas industry today is that its players do not look at the same number. Rise seeks to provide customers with one version of the truth via the utilization of blockchain technology which calculates one ubiquitous number. Rise’s blockchain synchronizes data from both the buyer and seller which allows both parties to see automatic variances in data along the whole value chain. Rise is unique in that we do profit and loss analysis on an everyday basis. We capture the trading, scheduling, actuals, balances, prices and reports of our clients. With over 25 years of successfully providing critical business solutions to major LDCs, Rise fulfills a niche within the natural gas industry today. Our solutions span the entire gamete of the value chain from source transactions through the business process to settlements and reporting.
"Rise seeks to provide customers with one version of the truth via the utilization of blockchain technology which calculates one ubiquitous number."
Rise does services, transactional, and education. We provide robust, analytical, and visual solutions through our transactional function and offer a seamless and transparent full-functioning ETRM system. We accumulate your purchase price, transport costs, fuel costs, and storage value in your total costs. As soon as the trader puts the information in the system, our EnergyFlow system distinguishes your debits and credits basically doing the accounting for you which ADN accountants love. Rise is able to detect, correct and prevent errors in the middle office with compliance with the FERC, GAAP and Dodd Frank reporting. We have standard storage and imbalance tracking and handle cash out, first in first out, and market pricing. Our landed price provides our clients with the ability to determine the profitability of your transactions
RISE’s SaaS pricing model benefits our clients by allowing them to cut costs on implementation, data entry, and the training of each user that is licensed to operate our EnergyFlow system. We also handle the logistical costs associated with the transport, processing and storage of natural gas, while simultaneously allowing customers to formulate, define, and reload the reports. Clients can see things in a matter of seconds having access to thousands of different reports and data with our powerful financial ad hocs. We also do retail and cycle billings and provide updates to invoice logs. The beauty of the system is that we capture all the NYMEX and ICE deals along with customer PLATTS data, and with our robust rate calculations we can provide our clients with the ability to easily update changes in values for purchases, sales and city gates. Another strongpoint for client saving is that with the utilization of our EnergyFlow system, you do not need to hire an army of IT professionals. You have access to source information in order to easily set up user accounts and passwords, contracts, locations, agreements, accounts and account links.
"Clients can see things in a matter of seconds having access to thousands of different reports and data with our powerful financial ad hocs."
Within the natural gas industry it is all about who you know, and RISE’s presence at the Mid-Continent LDC Gas Forum offers the opportunity to network and connect with experts and key players in the industry. There are multiple opportunities to connect with our team through our scheduled networking activities before, after, or in-between sessions. Interested parties that will be present at the forum can feel free to learn more at our booth and can also visit us online at www.risesolutions.net