MX Standing Data Management
Reconcile your standing data with market changes instantly.
Brave’s MX Standing Data Management is unique in the Australian market. It can continuously reconcile market standing data and automatically resolve standing data exceptions based on market rules.
The Standing Data Repository and Reconciliation (SDR) solution is built to market specifications for Australian energy markets. It enables you to see what MSATS sees and information from your own systems. You’ll be able to follow the progress of standing data changes not yet finalised in MSATS and the ones that have so you can run your business processes accordingly.
MX Standing Data Management works
MX Standing Data Management is a reconciliation module that identifies NMI standing data discrepancies between two data sources. The software shows discrepancies, makes logical corrections, and gives you the tools you need to improve standing data accuracy.
1. Connect
Configure your source of operational standing data or load a snapshot.
2. Store
Store and maintain a repository of accurate standing data; view a summary of data discrepancies and take appropriate action before saving changes to the database.
3. Reconcile
Compare standing data sources continuously or ad hoc to identify conflicting standing data. Choose a date range or ‘single point of time’ comparison for your reconciliations.
4. Resolve
Automatically trigger processes to correct standing data in operational systems and the market to ensure data remains synchronised.
4. Resolve
Automatically resolve retail disputes to reduce the time spent resolving issues each month.
Benefits
Significantly reduce operating costs
Fewer exceptions in your datasets, means savings on operating costs
Increase billing accuracy
Fewer exceptions also mean fewer disputes from retailers, ultimately increasing end-user satisfaction.
Ease compliance pressure
Data errors often compound and lead to compliance and regulatory risk. Ease compliance pressure by reducing errors.
Predictability for confident decision-making
With up-to-date accurate information, you can spot trends and take action based on data driven insights.
Features
Standing Data Repository and Reconciliation (SDR)
Replicate MSATS data in real time, as well as having a local copy of MSATS Standing Data for improved accuracy and synchronisation.
Continuous reconciliation monitor
Our solution enables you to set up the system for regular, automatic reconciliations to ensure continuous coverage.
Market participant view
Market participant view gives the big picture view of market data using a ‘best record’ approach, whilst the organisation view allows for simplified reconciliation with (non-ring fenced) external office systems.
On-demand reconciliation
Our solution can perform ad hoc reconciliations when you need to review a specific data set at your convenience.
Single NMI View (SNV)
Our MSYNC function allows you to synchronise operational data with the market, providing an easy-to-navigate
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