NBV is the leading network settlements product in Australia – the defacto standard for network settlements.
Here’s some interesting statistics;
- NBV processes more than 80% of the network settlements invoices in the country
- That’s more than $10B ( billion ) each and every year
- The 4 biggest retailers in the country depend on NBV to manage their network settlements risks
- And we have lots of small up and coming retailers too – we support everyone
- We process five different electricity markets, five different gas markets and one metering specification
Are you managing your network charges?
As a retailer you are the face of the industry. You hide the complexity of the energy industry structure from your customers. And this is great for customers; but it means you end up responsible for managing the complexity yourself.
Network Settlements ( or NUOS Settlements, or N-Rec ) is one of those complexities. In fact, there’s a strong argument that NUOS Settlements is your most complicated settlement process. Why? For starters, the process is dominated by a whole set of state based standards. The good news – they’re quite similar. The bad news – but they’re different. Sometimes in subtle waysSubtle = bad. same same but different – but it might be how you dispute, or how you pay. And that’s just electricity. Gas charges are a whole different standard ( of course ).
The good news – NBV will handle all this complexity for you. As the defacto industry standard for NUOS Settlement; we’ve got all the specifications sorted. And we hide the complexity away so you can focus on what matters to you, which is;
Disputing the network charges that are not yours
Disputing the network charges that are wrong.
And paying the rest on time
NBV has incredible flexibility in its ability to find and dispute network charges. We are able so absorb information from other Shine systems ( e.g. SDR ) or your own databases of record, and then use that data intelligently to raise disputes. Some of the data sources we support out of the box are;
Standing data – FRMP ownership
Standing data – network tariffs
Standing data – active/inactive
Retailer billing line items – bundled
Retailer billing line items – unbundled
And due to our flexible future proof design, we are more than capable of absorbing any other information stream.
But it’s not just about validations ( although that is a core part of NBV ). It’s also about productivity. NBV can search through 300M records in under 5 seconds. We can automate payments through your payments systems, and automate and centralise the approval process that supports it. We can automatically create dispute files and remittances, and send them to your networks on time. We can work with multiple retailer market codes, and we can give you BigData analytics capabilities over all this data.
Lastly – it’s not just about the software and its capabilities. It’s also about the people, and the knowledge about the industry. Whilst we have internally over 40 years experience in our 4 key people, it’s actually the community of like minded retailers, battling the same issues you are, with the same networks, using the same tool that makes the biggest difference. We run a regular User Group with all our retailers, and it’s an incredible place to share knowledge between retailers, and between the developers and the retailers. It’s a unique collaboration of retailers and developers.
NBV – you’d have to be brave/crazy to run any other network settlements process!