Eka, the leading provider for multi-commodity trade and risk management solutions, announces that CHS Inc, the US based Fortune 500 grain major and the world’s largest farming cooperative, has selected its platform for their Grain trading operations in Europe.
“CHS required a solution that works, with the ability to manage the physical trading, operations, risk and financial equally well on a single platform”, said Mr. Jean Claude Favre, Chief Financial Officer CHS Europe. “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.”
“Eka was selected on the basis of its strong understanding of the agriculture commodity markets, the solution’s ability to handle all nuances of trading, and a successful implementation track record with large commodity trading companies” said Manav Garg, Chief Executive and Founder of Eka Software Solutions. “We are delighted to have CHS on board.”
Eka’s multi-commodity platform helps you manage the complete lifecycle of physical and financial trade of all types of grains, feeds, oils and oilseeds. It consolidates your entire physical operations, covering farm procurement, storage in multiple locations across countries, sales order management, as well as transportation for local or export sales on vessels, containers, trucks, rail or barge. At any point of time, you get a real-time view of your complete physical position broken down by grain, location and delivery status. Moreover, Eka’s highly configurable mark-to-market solution allows you to accurately value the same commodity differently based on different market zones, locations and cargo shipment statuses. The solution also covers quality based price premiums and discounts.
Equally strong features for managing derivatives and P&L match the comprehensive functionality on the physical side. You can price trades against any exchange (CBOT, DCE, TGE, etc), track the basis, record hedges against physicals and speculative trades, and view your exposures in real-time. End of day and End of Month routines calculate realized and unrealized P&L across both physicals and futures.
About CHS
CHS Inc. (www.chsinc.com) is a diversified energy, grains and foods company committed to providing the essential resources that enrich lives around the world. A Fortune 200 company, CHS is owned by farmers, ranchers and cooperatives, along with thousands of preferred stockholders, from the Great Lakes to the Pacific Northwest and from the Canadian border to Texas. CHS supplies energy, crop nutrients, grain, livestock feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products. CHS is listed on the NASDAQ at CHSCP.
About Eka Software Solutions
Eka Software Solutions (www.ekaplus.com) is a leading provider of commodity trade and risk management software. Global players in the Agriculture and Metals commodity markets have deployed our solution for managing their physical trading, position, PnL, risk, logistics and finance operations.
Our 100+ team comprising domain consultants, product specialists and technical experts are single mindedly focused towards delivering the maximum possible value to our customers, which we believe is not limited to the products and services we provide, but extends to the quality of our engagement and the nature of the relationship. |