HOUSTON, July 30, 2013 /PRNewswire/ -- Cogent Technology Group, Inc. announced today that YEP Energy has engaged Cogent to implement YEP Energy's utilization of Cogent's Sales Commission Manager (SCMOnline) software service to support its growth of natural gas sales in California and other states. Their SCMOnline solution provides a means of managing the residual sales commissions that flow as ongoing streams of compensation to their independent brokers and sales agents for completed energy-service contracts. Cogent's SCMOnline software service will be used by North Star Gas Company, LLC in California, Pennsylvania and other markets as YEP Energy expands into them.
From their base in Houston, YEP Energy serves residential and commercial customers in energy markets across the country. The company's Retail Marketing Division wanted a turn-key approach to accurately calculating and recording commission amounts that are payable to their brokers and sales agents and are based on the customer's energy usage over time. With Cogent's SCMOnline software service, YEP Energy expects to proactively manage the variability of the commission compensation function.
Cogent's SCMOnline solution is available as a software service hosted in their Atlanta data center. The full-featured service, which offers a wide range of capabilities and an easy-to-use interface, periodically consumes updates of the energy marketer's CIS/Billing data and calculates commissions as the underlying energy-usage changes. SCMOnline manages the commission function regardless of the frequency of commissioning events or the complexity of the commission methods.
"We find Cogent's Sales Commission Manager service to be a flexible, cost-effective and robust solution that can accommodate our many needs, and we look forward to continued utilization of the service as our company expands into new markets," said Mark Perrotti, Senior Vice President of the Retail Marketing Division of YEP Energy.
About Cogent Technology Group:
Cogent Technology Group specializes in custom software and software consulting services for market participants operating in the deregulated energy industry. Cogent's software professionals have the experience needed to help energy marketers and wholesalers navigate the challenges of the industry by providing cost-effective solutions that reduce operating expenses and increase organizational efficiency. In addition to Sales Commission Manager, Cogent currently offers an Energy Marketer Data Reconciliation System software product for validating ERCOT SCR727 settlement data against billing data; a Data Flow Manager software product for managing the download of B2B data; and their SalesScape Sales Automation component suite for automating the pricing of sales quotes and the creation of retail energy service contracts. For more information, visit www.ctginc.biz.
About YEP Energy:
YEP Energy is a private, non-affiliated energy retailer headquartered in the State of Texas and was founded by highly experienced energy executives with many years of combined experience in the electricity, natural gas, and related industries. The YEP Energy Team implements advanced techniques in customer relations, service, sales, and marketing. Their team members have worked in deregulated markets all over North America and in many international markets, having worked in Texas' deregulated markets since the inception of deregulation in Texas in January, 2002. For more information, visit yepenergy.com.
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SOURCE Cogent Technology Group, Inc.