|
|
Enron Mail |
The cause of this was the timing of when SAP went down. SAP had a major
system crash the day Willie finaled his supply verification in Unify. Before Willie went into SAP to net the payable (same day), SAP crashed. By the time SAP came up, the treasury run had already picked up the payable and wired the cash. When we issued the recall, the money was already out the door. As a result, we put a policy in place that all supply verifications for netout customers must be overridden as soon as they are finaled in Unify. This causes them to be blocked in SAP and not picked up by treasury until the payment block is removed. This policy went into effect at the beginning of September. However, this still relies on human intervention to ensure the procedure works. To ensure we don't "accidentally" release cash, I have asked Unify IT to change the interface to send all purchases for ENA to SAP blocked, which will require the coordinator to release funds. This is an added step, but is worth it considering the stakes. This change will go into effect on Monday, 9/25. If you have any questions, please let me know. Bryce Enron North America Corp. From: Sally Beck 09/22/2000 04:33 PM To: Bryce Baxter/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT cc: Subject: Re: Perry Gas -SAP Override issue I have read this series of e:mails but I am not sure that I fully understand the issue. Did Willie not do his job? Are there problems with how SAP works? Are both of these an issue? Please let me know if we have a far reaching problem with SAP and netting. Thanks. --Sally ---------------------- Forwarded by Sally Beck/HOU/ECT on 09/22/2000 04:29 PM --------------------------- From: William S Bradford 09/22/2000 04:04 PM To: Sally Beck/HOU/ECT@ECT cc: Debbie R Brackett/HOU/ECT@ECT Subject: Re: Perry Gas -SAP Override issue Sally, Are you aware of the problems with SAP? This error caused an incremental $600,000 credit loss to Perry Gas Companies that could have been prevented. Let me know if you have any questions. Bill ---------------------- Forwarded by William S Bradford/HOU/ECT on 09/22/2000 04:02 PM --------------------------- From: Russell Diamond 09/22/2000 03:01 PM To: William S Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT cc: Subject: Re: Perry Gas -SAP Override issue FYI- ---------------------- Forwarded by Russell Diamond/HOU/ECT on 09/22/2000 03:01 PM --------------------------- From: Bryce Baxter 09/22/2000 02:47 PM To: Russell Diamond/HOU/ECT@ECT cc: Subject: Re: Perry Gas -SAP Override issue Russell - as I remember, Willie finaled the Supply Verification and it was interfaced to SAP. This is fine, and then Willie was going to net the A/P and A/R. SAP went down after the statement was interfaced, but before Willie was able to block or net the payment. When SAP came back up the next day, the payment had already gone out and we were unable to recall the wire. If you have any further questions about this, call me. Thanks. From: Russell Diamond 09/22/2000 01:46 PM To: Willie Stewart/HOU/ECT@ECT cc: Audrey Cook/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT Subject: Perry Gas -SAP Override issue Willie, Per our earlier conversation, can you or Audrey or Bryce, please give further explain to me as to why the funds were wired to Perry Gas for purchases from the counterparty instead on netting the amounts between purchases and sales. You mentioned to me the process of overriding the counterparty's that net on SAP, although because of timing, the override did not take place. Thank you, Russell
|