Requires advanced risk management solution to manage market, credit, and operational risk.
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that CREMER has selected Eka’s agricultural CTRM software platform to set, track, and enforce market, counter-party credit, and operational risk policy across the organization.
Headquartered in Germany, CREMER is a global specialist company focusing on trade, the processing and transport of agricultural and basic commodities, raw materials and oleochemical products.
“CREMER is a growing, global company and requires a commodity specific risk management solution to manage a multi-corporate and multi-commodity portfolio. We need a modern solution to consolidate positions, manage exposures, compute mark to market, run VaR, and perform simulations on complex trade scenarios,” said Susanne Graul, Risk Manager, CREMER. “Eka provides us with a best-of-breed risk management solution that will enable us to focus on value creation, not manual processes, and to operate effectively in volatile commodity markets. Eka’s end-to-end CTRM functionality, including risk, along with its successful implementation track record, lowest cost of ownership, and cloud delivery model made it the clear choice for CREMER.”
“Risk management has become more important in ETRM and CTRM software evaluations as volatility is high and margins are under pressure. I continually hear from our customers that Eka’s risk management software is far more advanced than competitive solutions,” said Sanjay Singla, GM of CTRM, Eka. “I’m excited to welcome CREMER to our long list of agriculture customers that include the best trading companies in the world such as Bunge, Cargill, COFCO, Glencore, and Louis Dreyfus.”
CREMER is deploying Eka’s CTRM software solution via the cloud. Eka’s ETRM (energy trading risk management) and CTRM (commodity trading risk management) cloud solution is hosted using Amazon Web Services (AWS) and available for companies in the energy, agriculture, manufacturing, and metals industries. Eka’s Cloud solution uses a virtual private cloud and ensures data remains secure with powerful field level security and role-based hierarchy controls that guarantee users will only have access to permissioned data. All data is encrypted and uses HTTPS protocol.
Eka’s InSight CM® – Agriculture is a next-generation CTRM software solution for managing commodity transactions end-to-end throughout the value chain. InSight CM – Agriculture captures, analyzes, and manages physical trading, procurement, logistics, bulk handling, processing, enterprise risk, and compliance across all agri-commodities. The fully integrated, end-to-end platform provides straight-through processing of commodities for the front, middle, and back office. The software is suitable for a wide range of agri-commodities including dairy, grains, oilseeds, livestock, feed ingredients, biofuels, and fertilizers.
About Eka Software Solutions
Eka is the global leader in providing Smart Commodity Management software solutions. Eka’s analytics-driven, end-to-end Commodity Management platform enables companies to efficiently and profitably meet the challenges of complex and volatile markets.
The company’s best-of-breed solutions manage commodity trading, enterprise risk, compliance, procurement, supply chain, operations, logistics, bulk handling, processing, and decision support. Eka partners with customers to accelerate growth, increase profitability, improve operational control, and manage risks and exposures.
Eka is a team of 315 staff with offices in the Americas, Asia, Australia, and EMEA, serving a rapidly growing global client base across multiple commodity segments.