CBH faces some significant challenges in the future, particularly as our complexity and scale increases with our growth in export markets. Our team conducted a comprehensive global search over the past 18 months to examine many vendor solutions to meet these challenges.  We determined that Eka offered the best overall value for CBH, because of its experience in grains, and its knowledge of physical trading.  We are impressed with the integrity of Eka’s people and their commitment to our success.  Eka’s professional services team is already busy on the ground here in Perth, and we look forward to a successful implementation that will deliver real financial value to our growers in Australia.

CHS required a solution that works, with the ability to manage the physical trading, operations, risk and financial equally well on a single platform. Additionally, we required a platform that was built on modern technologies that could scale up to manage our global operations on one single platform. Eka fit the bill perfectly.

We were constantly impressed by Eka’s people, their abilities, and, of course, the solution itself. While the product is integral to the business relationship, the commitment shown by the Eka team, their transparent and flexible approach, and their very high capability levels, helped us decide in favour of the Eka solution. As a company we value customer relationships and we want to partner with companies that have similar values, and we saw that singular dedication in the Eka team.

Eka’s Commodity Trading & Risk Management Solution gives us the power of real time information and overall visibility of our global risk and exposures. This essentially means that we are moving to a better managed business model where we can hedge our risks properly, provide quality service to customers, and maintain focus on our core business.

Our selection of Eka was based on the product’s adaptability across a wide range of operational requirements worldwide. In addition, Eka.Agriculture offers a flexible and scalable architecture that can grow as our needs expand.”

We looked at so many solutions, but convincingly realized that Eka is the only solution with real depth of expertise and experience in physical commodity trading and risk management. We found Eka to go much beyond trade capture and position management. Eka understands the business, connects the dots very well, intuitively guides users on their day to day operations – whether updating shipment information and position sheets, sending or tracking documents, ensuring costs and valuation premiums are updated, helping us exactly calculate our P&L, inventory asset values, costs, exposures, and assisting with cash flows. With Eka, we can avoid all the traps that are a result of a disintegrated business approach.

Additionally, we hope to benefit from the best practices that are incorporated in the Eka solution as a result of their growing customer base.

Over the last few years the Noble Group has been working closely with Eka on the development and implementation of strategic solutions to assist in the management and trading of Aluminum, Cotton and Coffee products for the group on a global basis. Noble sees the benefit of the long term partnership as the various systems come online between 2009/ 2010-11. Noble expect that the Eka system will provide our business with capabilities and information that will allow us to be more competitive in the markets for these key commodities.

We are an organization that sets high targets and standards and this is reflected in our volume growth which has been constant since inception in 1987. So for a leading metal buyer like us, Eka offers a technologically and functionally superior, out-of-the-box offering. It would help us go-live fast while streamlining all our business processes – easily import physical trade and delivery information from our ERP, have the necessary LME and Forex functionality, bring visibility on price risk, positions, P&L and exposures, meet hedge accounting requirements, and then provide dashboard and analytical capabilities to assist in decision making and analysis. Eka is a company we are happy to partner with. We are confident that with their product, our operations will have the necessary support for our long term growth needs.

Eka is the only solution in the market that will truly and comprehensively meet the requirements of a physical trader like ourselves. It will cover all aspects of our business, including contract management, physical mark-to-market and P&L, cost of goods calculations, LME functionality, invoicing, as well as cargo storage and movement. This, coupled with a highly professional and customer centric engagement, ensured Eka’s place as the preferred partner for our long term IT needs.

We believe Eka has developed a product that combined with a cooperative working relationship between our two companies, reflects our operations needs and is the right product for our current business environment. As a commodity buyer, we need a system that easily interfaces with our ERP, helps manage our price risk,   hedging operations, and assures compliance with hedge accounting requirements.

Eka meets these goals and combined with their flexibility, offers   a platform that brings visibility over our global risk positions, streamlines risk management operations, provides reporting and analytical capabilities, and helps meet regulatory requirements. We are very pleased with Eka’s modern technology, their team’s capability and their knowledge of the commodity markets.