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Development of a B2B Energy Resources Marketplace Platform
  1. case
  2. Development of a B2B Energy Resources Marketplace Platform

Development of a B2B Energy Resources Marketplace Platform

teacode.io
Energy & natural resources

Identified Challenges in Energy Procurement for B2B Markets

Current energy procurement processes lack a centralized, transparent, and efficient platform for businesses to search, compare, and negotiate energy supply offers. Manual processes, limited transparency, and fragmented information hinder optimal decision-making and waste valuable time and resources.

About the Client

A technology-enabled enterprise aiming to streamline energy procurement processes for businesses through a dedicated digital marketplace platform.

Goals for Creating an Advanced Energy Procurement Marketplace

  • Establish a secure, access-controlled marketplace allowing qualified users to search and manage energy procurement options.
  • Enable users to create and customize account profiles with multiple employee access levels.
  • Implement a sophisticated offer sorting and prioritization system based on parameters such as price, delivery time, contract duration, and offer publication date.
  • Develop comprehensive dashboards displaying categorized energy supply offers with details like operational status, delivery type, and contractual terms.
  • Facilitate proposal responses, negotiation workflows, and comparison of different offers with graph-based parameter manipulation.
  • Support negotiation of contract terms through an interactive term sheet feature, allowing modifications and mutual agreement.
  • streamline document exchange including upload, review, and management during negotiations.
  • Enable finalization of contracts with manual signing processes and subsequent contract management widgets to monitor contract status, invoices, and payments.

Core Functional and Technical Requirements for the Marketplace Platform

  • Secure user registration with approval workflow (including NDA and agreement signing).
  • Account management with multi-employee access and customizable preferences, including offer sorting and weighting.
  • Marketplace dashboard with categorized displays of energy supply offers based on type, status, and contractual details.
  • Offer response and negotiation interface featuring proposal comparison, parameter manipulation via interactive graphs, and document exchange.
  • Negotiation workflow supporting term sheets, viewable and adjustable contract parameters, with accept/reject options.
  • Document management system for uploading, reviewing, and exchanging contractual documents like bank guarantees and tripartite agreements.
  • Contract signing interface with manual approval process.
  • Post-contract management widgets providing summaries, invoice tracking, and payment notifications.

Preferred Technologies and Architectural Considerations

Use of ready-made real-time chat solutions (e.g., Talk.js or similar) to facilitate communication.
Structured backend architecture supporting secure access control, approval workflows, and document handling.
Responsive web design ensuring accessibility across devices.
Secure data storage with encryption for sensitive documents and user data.
Graphical components for offer parameter comparison and manipulation.

External Systems and Data Integrations Needed

  • Payment gateways for handling payments and invoicing.
  • Document management systems or cloud storage solutions for contractual documents.
  • Authentication and identity verification services for user approval workflows.
  • Notification services (email/SMS) for payment and contract updates.

Essential Non-Functional System Attributes

  • System availability of 99.9% uptime with high reliability.
  • Scalability to support a growing number of users and transactions.
  • Data security compliant with relevant standards (e.g., GDPR, GDPR equivalents).
  • Performance optimizations ensuring fast load times and real-time interactions for graph-based comparisons.
  • User-friendly, intuitive interface supporting complex negotiation workflows.

Projected Business Benefits and Impact of the Marketplace Platform

The implementation of this B2B energy marketplace platform aims to significantly enhance the efficiency and transparency of energy procurement processes. Expected outcomes include faster deal closures, improved negotiation transparency, better matching of supply and demand, and streamlined contract management, leading to increased operational efficiency and reduced procurement costs for businesses engaging with energy suppliers.

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