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"We needed a product with the capability to manage our diverse business operations – origination, trading, domestic, exports and imports, risk management, storage and distribution. Equally important, we were looking for a company that has the development and delivery organization that will be there as a long term partner for AWB’s growing needs. After a highly detailed vendor selection process, we choose Eka. What clearly differentiates Eka’s product is that it is designed from the ground up as a system for meeting the physical requirements of the global agri business.
This is very unique and unlike other products in the marketplace that are ‘adapted’ from other commodity markets. Eka’s technology platform is “real” and “current’ - pure JAVA and Web 2.0. And their professional, transparent approach to the whole engagement makes us feel very comfortable in working with them."
Mr.Byron Collins, General Manager – Technology & Business Services, AWB. |
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"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 fitted the bill perfectly."
Mr. Jean Claude Favre, Chief Financial Officer CHS Europe |
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“Managing risk using spreadsheets was a real pain point – we were not able to track structured trades, run what – if analysis and know the order-wise profitability. With Eka, we have been able to achieve the next level in risk management. We now track our risk position on real time and run analysis reports on the same. And by integrating Eka with our ERP systems (BAAN), we are able to view our physical and derivatives positions together and track order-wise profitability”.
Mr.Raihan Aamir, Information Systems Manager, Dubai Cable Company (Ducab) |
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“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.”
Mr. Prakash Narayanan, Finance Accounting Manager at GARMCO |
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“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” says Mr. Salah Tawfik, Chairman, Medsofts Group. “Additionally, we hope to benefit from the best practices that are incorporated in the Eka solution as a result of their growing customer base” he adds.
Mr. Salah Tawfik, Chairman, Medsofts Group |
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“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."
A spokesperson, from Oman Cable Industries. |
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“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.“
A spokesperson from Republic House AG |
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“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.”
Scott Wilde, Vice President - Strategic Global Resources , Superior Essex |
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"Our challenges in the software selection process were threefold: first, finding a solution that had the depth of functionality to meet our diverse business needs; second, ensuring that the technology was current and modern in order to secure our investment over the long term; and third, identifying a company that had the capability, commitment and vision to be a long-term partner for us. After evaluating several alternatives, we came to the conclusion that Eka alone met all of our criteria - product functionality, modern technology, and an organization that displays industry expertise, talent, and a track record in delivering a solution across our diverse businesses. We look forward to making Eka our global software solution.”
Harry F. Weyher III, Chief Financial Officer , Traxys Group |
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