Marubeni’s rapid growth of its global operations requires the most advanced agricultural trading and risk management software solution.
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that Marubeni has selected Eka’s Smart Commodity Management platform to manage commodity trading and risk management for its agricultural operations.
Headquartered in Tokyo, Japan, Marubeni is a global trading and investment company with US$87 billion in annual revenue. Operating worldwide from 118 offices in 64 countries, Marubeni provides products and services in a broad range of industries including food, textiles, pulp and paper, chemicals, energy, metals and mineral resources, transportation machinery, and trading.
Eka’s InSight CM platform is the most advanced CTRM software solution in the market. The fully integrated, end-to-end platform provides straight-through processing of commodities for the front-, middle-, and back-office. It is built on a next-generation architecture that provides all the analytics and decision support tools needed by companies that manage commodities.
“Our rapid global growth necessitated that we upgrade to a next-generation CTRM software solution with the most robust trading and risk management functionality,” said Jun Tsubaki, Chief Financial & Administrative Officer, Marubeni Grain & Oilseeds Trading. “Using Eka’s solution has allowed us to increase our trading volume with the same number of people. We have better visibility, better control of risk, better management of foreign exchange exposures, and can more effectively meet corporate governance requirements than was ever possible with our previous system.”
Marubeni is using Eka’s InSight CM – Agriculture, an end-to-end commodity management platform for managing physical trading, procurement, logistics, storage and handling, processing, and risk across the agriculture supply chain. The software is suitable for a wide range of agri-commodities including grains, oilseeds, dairy, livestock, feed ingredients, biofuels, and fertilizers. By providing up-to-date, accurate information throughout the supply chain, the agribusiness trading and risk software enables agriculture companies to better manage volatility in commodity prices, and view positions and exposures in real-time. With InSight CM – Agriculture, commodities companies can run scenarios that show the effect of potential changes on a company’s operating margin so they can maximize profits.
“Four out of the top five agricultural traders are Eka customers, including Bunge, Cargill, Glencore, and Louis Dreyfus,” said James Brackenrig, Vice President, Global Field Operations, Eka. “In competitive evaluations, Eka is a natural choice for commodities companies such as Marubeni looking for the most functional end-to-end solution on the market.”
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.