Scrap dealers and recyclers are witness to the tremendous growth in the scrap market linked to the high demand of recycled metal. However, structural changes in demand and supply, volatility in prices, and increasing competition are challenges that the industry needs to address in order to capitalize on the growing opportunity. Eka provides you a comprehensive platform to streamline the complete supply chain and delivery process, manage price risk with the help of derivative instruments, and reduce time-to-market while improving decision support to help you make the most from market opportunities.

All your contracts get organized and your positions tracked per customer, supplier, product or location. Operational efficiency improves by sharing of data across departments, thereby eliminating duplication of effort in data entry.  Eka provides very strong functionality for managing logistics of incoming and outgoing cargo. You can book containers or nominate vessels, issue instructions to suppliers, shipping lines, customs agents and other service providers, and track the status of the cargo in real-time – unshipped, in transit, or arrived at warehouse. You can manage storage of cargo across locations, and track weights and costs at different steps of the contract execution cycle. Finally, Eka can generate invoices and help you track receivables in real time.

Price risk is managed through futures and option trades, which can be linked to individual physical trades or matched against an overall position. Keeping in mind the volatility of the metals market, the solution has been configured to handle COMEX & LME futures and options, average contracts, swaps and structured trades. Finally, Eka calculates your mark to market position and PnL on both physical and derivatives positions.

All purchase and sales contract information is easily integrated with your other packages (ERP, accounting, master databases, etc), made possible by Eka’s integration layer. This ensures that your valuable data is shared across the company, eliminating any duplication of effort and supporting decision making at all levels.

EKA’s CTRM solution has been deployed successfully by global trading and processing organizations, helping them to effectively manage risks while bringing operational efficiency in day-to-day operations.