SOURCE: ROME Corporation

July 11, 2007 06:00 ET

ROME Corporation Extends Power of Leading Contract Management Platform for the Energy Industry

The New Release of ROME Contract Management Delivers Enhancements to Workflow, Clause Library, and Security

AUSTIN, TX--(Marketwire - July 11, 2007) - ROME Corporation, the leading provider of risk management solutions for the energy market, today announced the release of a new version of their energy contract management solution. ROME Contract Management (RCM) enables companies to achieve enterprise-wide visibility and control of their contracts throughout the entire lifecycle -- from initial contract request and negotiation to on-going compliance and performance management. RCM reduces contract cycle time, seamlessly integrates with credit and market risk systems, and lowers administrative costs. As a result, ROME customers are able to increase compliance, maximize revenue and limit risk exposure.

The new release of ROME Contract Management provides a number of significant enhancements including:

--  Energy Contract Template Library -- Leverage preconfigured contract
    templates for the most common energy contracts including NAESB, EEI, ISDA,
    and Guaranty contract types. This set of out-of-the-box templates allows
    administrators to ensure legal compliance and streamline the contract
    authoring process.  Users can still create unlimited configurable templates
    for contracts not included in the Energy Contract Template Library.
--  Questionnaire Wizard -- Give non-power users the ability to initiate
    complex authoring activities by following wizard-driven prompts that guide
    them with a series of questions.  Questions are completely configurable
    based on contract type.
--  Dynamic Contract Creation -- Reduces contract administration workload
    while increasing standards compliance by leveraging conditional logic and
    business rules from a variety of data sources to build contracts based on
    responses to Questionnaire Wizard questions and other key contract
--  Counterparty Name Change Tracking -- Automatically updates
    counterparty name changes at the contract level and keeps a historical
    record of previous names.
--  Clause-level Approval Workflow -- Provides users with wizard-driven
    guidance during the clause drafting, approval and management stages,
    including the ability to auto-approve or flag certain language.  Clause-
    level approval workflows increase control and standardization while driving
    company-wide efforts to normalize risk-mitigation practices.
--  Contract Validation -- Reviews and validates the inclusion of required
    clauses in outbound contracts and ensures that inbound contracts are
    flagged for inconsistencies to standard language.  Contract validation
    enhancements improve language control during contract collaboration and
    negotiation processes.
--  Contract Reconciliation -- Streamlines contract negotiation and
    reconciliation processes with 3-way clause-level comparisons that highlight
    and list all business term and clause deviations to help users quickly
    review contract versions and make decisions based on those differences.
    All version changes and language-level changes are saved to a secure and
    immutable audit file.
--  Microsoft Word Integration -- Further extends Microsoft Word
    integration to provide ease-of-use during contract authoring, template
    creation and third-party-paper mapping.  Rich editing improvements include
    a graphical term and clause tree, drag and drop capabilities for the
    insertion of values directly in the contract, and global search and
    replacement terms.
--  Security Reporting -- This set of out-of-the-box reports helps
    companies comply with regulatory requirements, such as SOX and GLBA.  The
    reports provide critical system access information, allowing administrators
    to maintain a documented trail on roles and permissions, and ensuring
    complete control over the contract management repository.
--  Graphical Reporting -- Customizable pie charts and bar graphs make it
    easy to communicate and understand contract activities.  Charts and graphs
    port to desktop applications such as Word, PowerPoint or Excel for
    management level reports.

"As the volume and complexity of contracts continues to accelerate, a state-of-the-art contract management application is critical for energy companies to ensure compliance and facilitate operational efficiency," said Dan Reid, VP of Marketing at ROME Corporation. "The latest version of ROME Contract Management extends the power of contract administrators and improves contract usability across the organization."

About ROME Corporation

ROME Corporation is the leading provider of enterprise risk management solutions for the energy marketplace. ROME's suite of credit risk management products includes ROME CreditRisk, ROME CreditScoring, ROME ContractManagement, and ROME DealValuation Engine. These products work together to help automate and streamline the processes for managing contracts, collateral, counterparties, credit scoring, and exposure. ROME delivers unprecedented visibility that allows energy leaders to turn risk into opportunity.

ROME solutions enable our customers to minimize risk while achieving greater efficiencies, increased liquidity and improved transparency. ROME Corporation is privately held, with investments from Azure Capital Partners and Powershift Ventures L.P. The company is based in Austin, Texas, with a sales and services office in Houston and London. You can contact ROME Corporation at 512-347-3200 or

Contact Information