Unlike most businesses, retail energy revenue isn't one process — it's eight interlocking clocks running in parallel across systems that don't talk to each other. When any one fails, the revolver is at risk.
ETRM, CIS, MDM, EDI gateway, AR, PJM eTools, and treasury — each a silo. No single view of exposure across all 8 processes simultaneously. Data lives in incompatible formats, updated on different cadences, owned by different teams.
A 5% unbilled rate, a 42-day DSO, and a $600K PJM accrual gap can co-exist undetected until Day 75 — when it's too late to recover. Risk doesn't announce itself. It accumulates silently across every disconnected clock.
Reconciliation is a combination of Power BI reports and numerous hours of manual analyst review and validation across multiple systems — just to produce a cash forecast model that is out of date the moment it's published.
These aren't hypothetical risks. In a typical $30M retail energy portfolio, here is what common process failures cost:
200 customers × 1 missed LDC billing cycle. Each missed billing cycle pushes cash receipt past the Day 90 window.
On a $5M/month book — not collectible within the cycle. Unbilled revenue that can't be invoiced can't be collected.
ISO charge arriving after Day 60. Capacity obligation charges, RPM true-ups, and congestion costs that weren't accrued.
From a 10-day utility remittance delay on a $2M payment. In a PJM UB market, the REP cannot accelerate cash it doesn't collect.
Four overlapping process streams must all resolve before Day 90. Without unified oversight, they compound silently.
Three integrated layers that eliminate blind spots across all 8 clocks.