Eka selected to optimize Fujax’s trading supply chain operations
07 July 2020 | Press Release
Eka Software Solutions announced today that Fujax Resources has selected Eka’s Cloud Platform to enhance reliability and quality control at every step in their supply chain
Headquartered in Seychelles, Fujax is a leading minerals trading company specializing in supplying metals and coal directly from mines to customers in Asia and Europe. Until now, the company was primarily using spreadsheets to manage their trading and risk operations and forced to spend valuable time manually updating and reconciling data. Automation and scale were key focus areas for Fujax as they evaluated solutions to help them focus on more important goals.
“At Fujax, our customers depend on us for direct and time-sensitive shipments that help them run their industrial and energy operations. We needed a solution that integrated seamlessly with our enhanced distribution system, allowed us to scale and provided functional depth for our business. Eka’s cloud platform for metals and mining fit our requirements perfectly as it addressed every business requirement we had.”
Cyril Secchi, Managing Director, Fujax Resources.
Each asset class in metals and mining is governed by unique characteristics, including differences in production, processing, pricing and valuation, transportation and more. Eka’s CTRM solutions for metals and mining address the vast differences of multiple commodities, providing true depth of functionality for each asset class.
The platform provides companies trading metals world-wide a robust, feature-rich solution designed to manage the complexities of the concentrates business.
“The need to digitalize supply chains has never been more prevalent, and Eka’s Cloud Platform is designed for businesses that need to grow and quickly adapt to market forces. Our deep expertise in the metals and mining industry and intense customer focus allow us to address crucial pain points that these businesses typically face.”
Manav Garg, CEO and founder, Eka Software Solutions.
Eka’s Cloud Platform is highly flexible in its design, with enhanced capabilities to manage contract terms and conditions, pricing, assaying, umpiring, and settlements as well as risk management including hedging, P&L, and mark-to-market computations. The advanced analytics layer processes data and transactions to provide insights previously unavailable.
About Eka Software Solutions
Eka Software Solutions is a global leader in providing digital commodity management solutions driven by Cloud, Blockchain, Machine Learning and Analytics. The company’s best-of-breed solutions serve the entire trading value chain across agriculture, energy, metals and mining and manufacturing markets. Eka is reimagining commodity management with a new age architecture that breaks monolithic ETRM and CTRM systems into bite sized chunks of powerful, enterprise grade apps, thereby enabling faster implementation, adoption and decision making. Eka’s mobile-first, enterprise apps are embedded with commodity specific algorithms that empower businesses to stay on top of volatile markets by letting them scale at will, go live faster, and achieve better value for their investments. Eka has offices across the Americas, Asia, Australia, and EMEA serving 100+ customers globally across multiple commodity segments. Read more about Eka at www.eka1.com.
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