Coming soon: BelVis⁺ PFM

The development of the new KISTERS portfolio management system BelVis⁺ PFM is in its final stages and excitement is mounting. What can the new solution do? Steffen Homann, Head of Trade in the KISTERS Energy Business Unit, explains in an interview what our customers can look forward to.

In short: What is BelVis⁺ PFM?

BelVis⁺ PFM is THE next-generation tool for European energy trading. A new, modular portfolio management system – developed as the successor to our three previous solutions BelVis 3 PFM, eRisk and IRM.

Why develop something completely new instead of consolidating all customers onto one of the three existing systems?

None of the previous systems were so universal that a simple migration would have made sense for all customers. Each had strengths, but also specific weaknesses. With BelVis⁺ PFM, we have combined the best concepts while leaving technological legacy issues behind us.

The old systems were based on technologies from the 1990s to the 2000s. Today, cloud-enabled web applications with open REST APIs, secure backends and high scalability are standard. The energy market has also changed significantly, meaning that many earlier design decisions are no longer appropriate today.

We focused on new development at an early stage and now offer the most modern and powerful PFM system on the market.

What can BelVis⁺ PFM do?

The system has a modular structure: customers only pay for the functions they actually use. The modules cover all relevant processes in portfolio management – from schedule management and trading to settlement.

How did the development process go?

The biggest challenge was harmonising the different approaches from our three legacy systems. We analysed what worked well for our customers and what didn’t. This resulted in a uniform master data model with mapping to the old systems.

Our goal was not a big bang introduction, but a smooth transition. With the so-called ‘wedding version’, our pilot customers were able to continue their processes in the existing system and, at the same time, test and migrate new modules in BelVis⁺ PFM. This allowed us to stay close to practice and respond directly to feedback. A big thank you to everyone who supported us in this! Many functions are now complete and have been approved by our pilot customers.

What are the highlights of BelVis⁺ PFM?

BelVis⁺ PFM is extremely powerful: while eRisk imports three transactions per second, BelVis⁺ PFM manages 50. And it is scalable.

Intraday transactions are reliably processed without pre-aggregation, and positions are calculated ad hoc – without any pre-calculated time series. This makes the new BelVis⁺ PFM significantly faster than other solutions in daily operation.

In addition, the processes are highly automated and easy to configure: schedule management or day-ahead trading can be set up in a single day.

When will the new BelVis⁺ PFM be available to all customers?

The official launch of the complete solution and our SaaS offering is on 16 June 2026. Until then, we will keep all interested parties up to date here on our website. Or directly via the ‘BelVis⁺ Trade 2026’ newsletter.