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Eka Software Solutions and Wipro Announce Strategic Partnership for the Food & Beverages industry
Eka Software Solutions and Wipro today announced a strategic partnership to service the global Food and Beverages industry. The partnership assumes immense significance in light of highly fluctuating commodity markets as firms get more and more exposed to greater risk, along with constant pressure on margins. As firms brace themselves to adopt more sophisticated risk management practices and IT systems, they stand to benefit from Eka’s comprehensive domain knowledge and its best-of-breed Commodity Trade and Risk Management (CTRM) solution, combined with Wipro’s superior and time tested capabilities in implementation services, delivery management and systems integration.
“Eka and Wipro Technologies have substantial experience and shared relationships with leaders in the Food and Beverages industry, making this arrangement beneficial to our clients,” said Ravi Purohit, General Manager CPG - F&B for Wipro Technologies.
The partnership is being structured to help F&B companies better manage their commodity procurement operations, including greater visibility to exposures and risks, keeping control over derivatives operations, as well as compliance with regulatory requirements. The complexity and challenges of commodity procurement operations along with integration issues are well-served by this arrangement.
"This relationship will provide significant value for customers looking to integrate their commodity trading and risk management solution with the ERP / backend systems by leveraging Eka’s commodities domain specialization and Wipro’s expertise in ERP and enterprise application integration. This alliance fills a key industry gap for a comprehensive, well integrated solution in the CTRM space that will help hedge risks related to commodity price volatility and thus controlling the negative impact on margins" said Manav Garg, CEO & Founder, Eka Software Solutions
About Wipro
Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services organization globally. Wipro Technologies has been assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centre’s. Wipro is one of the leading global SI providing comprehensive IT and BPO solutions and services to its clients in F&B & CPG industries globally including Application Development and Maintenance, Packaged Solutions, Infrastructure Services, Total Outsourcing, Manufacturing Execution.
For more information, please visit http://www.wipro.com/retail/consumer/index.htm,www.wiprocorporate.com
About Eka Software Solutions
Eka Software Solutions is a leading provider of commodity trade and risk management software. Global players in the Agriculture and Metals commodity markets have deployed their solution for managing their physical trading, position, PnL, risk, logistics and finance operations. Eka's 150+ team comprising domain consultants, product specialists and technical experts are single mindedly focused towards delivering the maximum possible value to their customers, which Eka believes is not limited to the products and services they provide, but extends to the quality of their engagement and the nature of the relationship.
For more information please visit www.ekaplus.com
Bangalore, October 2008 |
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