Abstract: Methods and systems for managing the settlement processes for bilateral traded energy products in the wholesale energy industry including transaction selection, collaborative tie-out, invoicing, payment execution, dispute management, and credit management processes. One embodiment provides collaborative, on-line environments for performing tie-out activities, managing transaction disputes, processing invoices, making payments, managing credit exposure, and interactively communicating actions and comments. Embodiments can also provide automatic notification and alert sequences during the tie-out process, the invoicing process, the payment process, the disputed transaction process, and the credit management processor. The notifications and alerts can be provided publicly among counterparties as well as privately among users within a counterparty's organization.