Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, today released its new PositionCenter solution for the world’s commodity companies. Eka counts many of the world’s largest producers and traders of agricultural and base metal commodities as clients, who in the highly complex world of physical commodity trading rely on Eka for the latest trading and risk technology.
The release of Eka.PositionCenter marks a new addition to the Eka product platform. It enables a unique, visually rich, highly interactive and collaborative approach to position management and decision-making. The product is based on an in-depth understanding and knowledge of the challenges of managing physical and financial positions. Using well-structured analytical and graphical interfaces, it enables decision-makers to easily understand the WHAT-HOW-WHY: what is the current position and P&L across physicals and financials, how this position came about, and why we’re holding this position. It not only guides users through a defined process for arriving at answers to difficult questions, but also gives flexibility to change their analysis methodology based on business requirements and enables collaboration with other users.
Manav Garg, founder and CEO of Eka said, “As commodity markets continue to take centre stage in world economics, producers and traders have become increasingly dependent on technology to make the right decisions for an efficient business. Traditional spreadsheets and first generation legacy systems are no longer able to provide the necessary timeliness and trading support. We are seeing many commodity companies looking to replace their incumbent systems. Our clients are representative of high-demand users and always drive us to provide the most advanced trading and risk solutions. I am confident the release of our new PositionCenter provides a major step forward in monitoring and management for tier-one participants in commodity markets.”
The new Eka PositionCenter will enable users to interact and collaborate via a common set of dashboards across the whole trading institution. The scope of functionality in the new product moves commodity management solutions to a new level.
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.