Process IQ Company

Natural Gas Actualization Simplified!

What is CORTEX?


CORTEX is a cloud based application, with a user friendly dashboard, developed to improve automation and reduce manual touch points for natural gas pipeline actualizations into ETRM systems. For most organizations dependent upon complex movements around physical gas, manual actualizations are often time consuming and a contributing factor for daily PnL, Positions and monthly settlements to be incorrect requiring additional manpower troubleshooting. The need was identified to ultimately improve the capture of Natural Gas Actual Quantities and to automate the population into the ETRM system and exactly match the EBB on a T+1 basis. CORTEX provides this solution. It also ensures high risk processes which rely on this data, such as Credit, PnL/Positions and Settlements, to be correct. CORTEX enforces A.C.E. (Accountability Controls Efficiency) which rectifies any issues with timely and accurate reporting of actualizations that today’s organizations may suffer.

Find out more details

Why CORTEX?


ETRM Integration

CORTEX works with any ETRM system (provided there is an appropriate API). CORTEX does not require code changes to the ETRM and is not impacted by version upgrades.

EOD Controls

CORTEX dashboard reflects the status of each pipeline and any outstanding booking issues that need to be addressed. This provides transparency for management processes.

Exception Reporting

CORTEX provides clear and concise exception and reconciliation screens. CORTEX is powered by Artificial Intelligence to simplify resolving data mismatches.

Cloud Based

CORTEX is a Software-As-A-Service product to help you to reduce infrastructure and deployment costs.

Security

Your data is of the utmost importance, so security is a must. CORTEX uses strong encryption at rest and in motion to achieve that protection.

Audit

All CORTEX actions are logged to ensure compliance with appropriate regulations.

Subscription

In contrast to most other vendors, there is no long term contractual license fee. Instead, subscription is either monthly or per transaction based.

Dashboard

The CORTEX user-friendly dashboard was designed to make troubleshooting of actualizations easy. This allows the incumbent to focus on more value add activities for the business.

Robust

Competitive solutions that push data to the EBB, can often result in the WHOLE batch rejection by the EBB, due to fuel rounding. This can create operational losses. CORTEX does not have these problems!

Onboarding

Quick to Onboard. First pipeline around 6 weeks, 2 weeks each pipeline thereafter.

CORTEX supports these pipelines and several more