Cloud delivered solution to provide greater visibility into operations to better manage market volatility and risk.
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that Solaris Commodities has licensed Eka’s InSight CM to manage its commodity trading and risk management. Solaris needs a cloud-based, modern CTRM solution to better manage physical and financial trading, risk, supply chain, and back office operations.
Solaris Commodities S.A. was established in December 2011 in Switzerland. The company is involved in the international trade of agricultural commodities such as: milling wheat, feed barley, corn, oilseeds, and peas. Solaris Commodities is the largest trader of Russian corn.
“We licensed Eka’s InSight CM because our business has outgrown our old processes. We need an easy to implement, cloud-based CTRM solution that covers physical trading, logistics, inventory, settlements, derivatives, P&L, risk exposure, analytics, and reporting,” said Scott Wellcome, risk manager at Solaris. “Eka has a long history of success with agriculture companies, and its solution provides a breadth and depth of capabilities that far surpasses its competitors. InSight CM will scale with our business and provide a quick return on investment.”
“Growing companies like Solaris cannot rely on old technology to manage their increasingly complex value chains. They need a cloud-based, modern solution to coordinate every step in the value chain automatically, without cumbersome spreadsheets,” said Colin Cooper, vice president of EMEA at Eka. “Eka is the dominant agriculture CTRM provider, with solutions tailored for Europe’s unique regulations and market dynamics. We are excited to add Solaris to our growing base of customers in Europe.”
Eka’s InSight CM is a next-generation, integrated system for managing commodity transactions end-to-end in the value chain. Over 70 percent of new customers choose InSight CM in cloud. Eka has always had the strongest agriculture platform, with four out of the top five global agriculture companiesrelying on Eka’s platform. Recent agriculture clients include Cremer in Europe, CJ International in Asia, and Providence Grain in North America.
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.