EFET Electronic Data Interchange

With the introduction of standardized electronic exchange of data, the energy market is rapidly progressing. It helps in quick supply as per the demands as well as the accumulation of resources for higher profits and ROI. At FSSP we can help you to implement the best practices.

Expertise in EFET Electronic Data Interchange

The European Federation of Energy Traders (EFET) is an industry group that promotes the use of electronic data interchange (EDI) in the energy sector. Some of the benefits of using EDI in this context include improved efficiency, reduced costs, increased speed, improved accuracy, enhanced security. At FSSP we work over 16+ years in regulated markets, providing our deep expertise.

Our Approach

Electronic data interchange (EDI) is a standard format for exchanging business data electronically. It allows organizations to exchange documents, such as purchase orders, invoices, and shipping notices, with each other in a structured and automated way. EDI is commonly used in supply chain management, where it can help to streamline processes and reduce the need for paper-based communication. EDI can be used to exchange a wide range of business documents, including purchase orders, invoices, shipping notices, and more. It is typically implemented using specialized software that is capable of translating the data into the appropriate format for each trading partner. We, at FSSP have a vas expertise in creating and helping energy companies, nuclear power stations, and other government institutions. We can advise you on each stage of the development process.

We Can Help You

Static Data

Static data involves the transfer of the information regarding the product's characteristics, features, specifications such as expiration dates. This data cannot be altered or edited.


Electronic Position Matching (ePM)

Position matching is another important aspect of energy trading and needs to be done quite often. With ePM, the process becomes speedy and reliable.

Electronic Settlement Matching (eSM)

For settlement matching, eSM has proved to be a very innovative solution under EFET standards. It allows automation of invoicing and matching financial statements.


eCredit Matrix

eCredit Matrix ensures the provision of accurate data of energy trading as per EFET standards. It helps in timely transactions and the collection of financial data.

Electronic Confirmation Matching (eCM)

eCM comes handy when confirmation matching needs to be done between EFET partners. As transaction volume is high, eCM is a potential solution.


Other type of Data Exchange

Some other forms of electronic data exchange include Communications Standard and Certification Testing, both of which are highly significant for energy trading in Europe.

Describe your project

Reasons To Choose FortySeven

Our development process is the natural evolution of a software process to support today’s changing business environment. We believe that every project should be dealt with a fresh approach. Our industry knowledge allows us to deliver solutions that solve business challenges in 40+ industries. Working closely with you, we define your needs and devise effective automation tool concepts, knowing how to implement these concepts and integrate them according to your specific needs.

More than 12 years of successful global IT outsourcing and our customer’s business augmentation.
Business communication
We are compliant with ISO 9001:2015 on Quality management systems and ISO 27001:2013 on Information security management system.
Deep Technology Expertise
Our specialists have a vast business and technology expertise and can develop complex solutions.
Full IP Control
We transfer full control over Intellectual Property Rights to you each month.
We manage projects using software for tracking progress and time. This gives you full control throughout the development process, making progress and billing fully predictable.
TOP IT Talent
We have the team of the most talented Software Engineers. We invest in our team, as we consider them our tacit capital. We provide them with continuous and extensive training during their careers

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