Energy leader requires an advanced, multi-commodity energy trading and risk management software solution to manage its operations.
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that ENMAX Corporation has selected Eka’s InSight CM platform to manage trading, position, risk, scheduling, and settlement for its operations in power, natural gas, and renewables.
ENMAX is a leading Alberta utility with a history dating back more than 100 years. The company is dedicated to providing safe, reliable, and competitively priced electricity, natural gas, and renewables to residential, small business, and commercial customers. ENMAX is involved in the entire supply chain of electricity including generation, transmission, distribution, and retailing.
To support the growing needs of its wholesale and retail energy operations, ENMAX sought an advanced, multi-commodity ETRM solution to support power, natural gas, and renewables. The company required a single integrated system to support the entire scope of the business including all front, middle, and back office functions. The solution needed to satisfy all audit specifications in a single system of record and provide robust reporting to meet management and regulatory obligations.
“As our business is growing, particularly our retailing operations, we need to invest in an advanced ETRM software solution,” said Davin Kivisto, VP Planning & Risk at ENMAX. “We conducted an in-depth evaluation of all the leading ETRM software vendors and it quickly became obvious Eka offered the most comprehensive solution. In addition, Eka’s reputation for partnering with customers and providing excellent customer service made Eka the logical choice.”
In competitive evaluations, Eka comes out on top for providing the greatest depth and breadth of functionality as well as for outstanding implementation capabilities. Eka has received industry recognition for its fully integrated ETRM software solution; the company was recently named a Major Player in the IDC MarketScape: Worldwide ETRM Software 2015 Vendor Assessment. Last year, Eka enjoyed tremendous growth in its energy business, increasing its energy customer base 33%.
“Eka’s modern ETRM software is an ideal solution for energy companies such as ENMAX that need a next-generation system for multiple commodities including power, natural gas, and renewables,” said Andy Bout, General Manager of Energy at Eka. “As evidenced by other energy companies that have recently adopted Eka’s next-generation ETRM software solution, such as Tourmaline Oil, Just Energy, and SEI Energy, companies are looking for something better than the dated platforms so prevalent in the marketplace. To remain competitive in today’s volatile energy markets, energy companies require systems that enable them to effectively manage the business. We are pleased to welcome ENMAX as a new customer.”
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.