Entero Releases E1 v2017 to Manage New Regulatory Requirements and Drive Efficiency for the Hydrocarbon Value Chain

CALGARY, Alberta–(BUSINESS WIRE)–Entero
Corporation, a trusted leader in energy software solutions for the
upstream and midstream sectors, is excited to announce the v2017 release
of Entero®
ONE™ (E1). E1 is the industry’s only unified ETRM system for
production, processing, trading, logistics, and accounting. It is
tailored to meet the unique requirements for front, mid, and back office
operations by connecting volumes to value and effectively managing the
complexities in midstream transactions.

As hydrocarbon commodity marketers are faced with changing regulatory
trends, tighter controls around costs, and greater scrutiny of corporate
governance, there is a need to implement solutions and technologies that
can optimize operations and build shareholder confidence. Entero
understands these challenges intimately, so together with industry
experts and client feedback, the company has released v2017 to
streamline end-to-end operations, encourage greater alignment between
cross-functional teams, and support client growth and profitability.

V2017 includes significant enhancements for Contract Management by
automating workflows, increasing efficiency, and paving the way for
organizations to achieve a paperless environment. As well, there are now
robust credit checking capabilities to enable the calculation of credit
exposure in real time, while automating the hold and release of new
orders. Clients can also take advantage of the best in class
activity-based costing/inventory valuation to gain accurate and
insightful profitability analysis for each transaction, which can be run
separately and on-demand by business unit.

“We are invested in creating the most reliable and adaptable solution
for all hydrocarbon commodity marketers,” said Steve Remmington,
President and CEO of Entero. “V2017 further demonstrates our commitment
to evolve E1 as the single source of truth across full cycle functions,
from contract through to a company’s general ledger. We continue to
enhance regulatory tax reports to meet industry demands, as well as
automate or simplify critical processes to increase efficiency and
ensure compliance.”

Other key highlights of the 2017 release include:

• Facility Balance Report Enhancements – Improved supply chain
  planning and execution via forecast, scheduled, and actual quantity
  analytics and facility level balancing.
• New BOL Formats – 'Certificate of Analysis' information for
  blended products: compliant to both U.S. and Canadian standards
• Regulatory Tax Reports – Provide immediate access to the data
  needed for provincial and state regulatory commodity tax submissions,
  including various US excise taxes, Alberta Carbon Tax, and Ontario Cap
  and Trade tax.
• Clustering of E1 Server – Provide scalability and availability
  by separating reporting, processing, and OLTP activities on multiple
  virtual or physical servers.

Entero is pleased to showcase v2017 at the upcoming E1 User
Conference on October 26, 2017 in Calgary. This is an opportunity
for the industry to learn about E1, collaborate with their peers, and
discuss industry trends and updates. For more information on this event,
please contact [email protected].

About Entero Corporation

Entero helps companies effectively plan, execute, and settle complex
multi-commodity midstream transactions. Entero ONE is a focused solution
for companies dealing with gas, crude, NGLs, biofuels, and refined
products. The system can support all full cycle functions associated
with the entire hydrocarbon supply chain, including production,
processing, trading, logistics, and accounting. Learn
more today!

Contacts

Entero Corporation
Tammy Cho
Director of Marketing
[email protected]