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FOR IMMEDIATE RELEASE
Ventyx Delivers Improved
Flexibility and Enhanced Data Security in Release 4.1 of Customer
Suite
Multiple Utilities Already Planning to Leverage
Features in New Release
ATLANTA, GA.; November 6, 2007 – Ventyx™,
the world’s largest private software provider to the utility
industry, today announced general availability of the company’s
industry-leading customer information system (CIS)/billing solution,
Customer Suite 4.1. The new release delivers improved data security
and increased flexibility in charge calculations, billing and service
order management. These key enhancements are in high demand throughout
the energy and utility industry, as evidenced by a number of leading
utilities who have already established plans toimplement the new
release.
"Customer Suite 4.1 continues Ventyx’s strong progress
in delivering innovative solutions to utilities' complex business
problems,” said Ventyx Chief Technology Office Steve Carpenter.
"Today’s challenging energy market and increasing customer
demands require customer management solutions which enable flexible
rate calculations based on a diverse set of variables, as well as
efficient billing and service order management – all while
ensuring customers' personal information is protected from theft.
Our latest release of Customer Suite meets all of these critical
needs. As a result, we expect that it will add to our market leadership
demonstrated by the more than 100 utilities already utilizing our
CIS solution."
Customer Suite 4.1 includes numerous key enhancements to the charge
calculation, billing and service order generation processes, as
well as improvements to the user interface. Among the improved features
are the following:
- Flexible Charge Calculation. Provides the flexibility
to develop external algorithms to be used during the charge calculation
process. Also enables percentage discounts and user-defined weather
normalization adjustments to be applied to calculated charges.
- Security and Data Encryption. Provides data
protection for sensitive customer information by encrypting at
the database level, masking the user interface and masking reports.
Ventyx Introduces Customer Suite 4.1,
- Flexible billing. Provides the ability to generate
charges and produce a bill for a person who does not have an established
premises and service with the utility, such as an out-of-service
customer. Also enables billing for storm water services to cover
the costs of storm water planning, maintenance and upgrade activities.
- Flexible service order management. Enables
utilities to create service orders without requiring them to be
tied to a customer or premises, in order to manage activities
such as capping an overflowing fire hydrant, remove water pooling
in a street or repairing a pot hole.
"The numerous enhancements in Customer Suite 4.1 are designed
to help Ventyx clients achieve critical business goals," added
Carpenter. "The solution enables clients to reduce their cost
to serve customers through integration of key features and analytical
tools. It also helps Ventyx meet key goals including acquiring new
clients in one of our core markets, inspiring existing clients to
upgrade to leverage the latest technological advances, and most
importantly, maintaining the highest customer satisfaction possible."
Clients Planning Implementations
The importance of the enhanced features in Customer Suite 4.1 is
highlighted by the fact that, even before its release, several Ventyx
clients had already made plans to implement the new solution. Among
these clients are Connexus Energy; City of Fort Collins, Colorado;
National Water Commission of Jamaica; City of Provo, Utah; and City
of Wichita, Kansas.
As a recent winner of Ventyx’s annual Award for Excellence
in Business Results, Connexus Energy has been a long-time user of
Customer Suite. “As one of the largest and fastest growing
electric distribution cooperatives in Minnesota, Connexus Energy
must stay up-to-date on the latest technological advances to help
us keep up with growing demand while maintaining the highest levels
of customer satisfaction,” said Julian Jones, Manager - Customer
Operations at Connexus Energy. “With Customer Suite 4.1 we
see the opportunity to meet our exacting needs while implementing
a baseline product. As a result, we can continue streamlining our
customer service processes today while laying the foundation to
easily implement future advances in the product in the years to
come."
“Fort Collins Utilities is preparing to upgrade to CIS version
4.1 for expanded functionality, to stay current with technology
and to improve service to our customers,” said Curtis Miller,
Utilities Technology and Customer Service Manager for Fort Collins
Utilities. "Version 4.1 includes synchronization of billing
dates for metered and non-metered services, allowing for coordinated
billing dates (days of service) for electric, water, wastewater
and stormwater services. Also Ventyx Introduces Customer Suite 4.1,
included in this release is expanded functionality for stormwater
rates, more secure data through encryption and improved archiving/purging."
"After evaluating the new features in Customer Suite 4.1,
it was apparent that implementing the release held several significant
advantages," said Wade Pascal, Utility Customer Service Manager
at City of Wichita. "Primary among these was the opportunity
to eliminate a heavily customized charge calc and to have multiple-period
billing adjustments apply to history-based charges. Contingent upon
approval of a revised contract and budget by the City Council, implementation
of this release will enable Wichita Water Utilities to basically
stay with a zero mod approach, which carries with it significant
long-term advantages."
About Ventyx
Ventyx is the leading provider of best-of-breed software solutions
which enable energy, utilities, telecommunications, broadband and
other commercial field service organizations to optimize the management
of their customers, workforce, spare parts inventory, equipment,
tools and documentation -- empowering organizations to maximize
efficiencies in their customer relationships, facilities, workforce
and field service operations. The Ventyx Global Energy Decisions
business unit is a leading provider of utility industry solutions
for generation asset and portfolio optimization, energy trading
and risk management, schedule management, price and load forecasting,
maintenance optimization, resource planning, fuel budgeting, plant
betterment and environmental compliance analysis. With offices in
North America, Europe, the Middle East and Asia-Pacific, Ventyx
has more than 700 clients in select asset-intensive service-based
industries.
Ventyx is a trademark of Ventyx Inc. Other company and product
names may be trademarks of the respective companies with which they
are associated.
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