BroadGrain Implements Eka Analytics and Eka’s InSight CM - Agriculture
Eka’s CTRM software and advanced analytics manage global commodity trading and risk management for the company.
November 7, 2017
Eka Software Solutions, the leading global provider of cloud-based Smart Commodity Management software solutions, announced today that BroadGrain has implemented Eka’s InSight CM – Agriculture and Eka Analytics to support growth across global markets. The implementation enables BroadGrain to better manage trading, positions, risk, P&L, inventory, costs, and logistics.
BroadGrain is a leading global marketer and handler of grains, oilseeds, by-products, and specialty crops for both feed and food markets. Operating on nearly every continent, BroadGrain is committed to connecting producers, processors, and consumers of food and agricultural commodities around the world.
BroadGrain needed to replace homegrown systems to support significant growth in domestic and international markets. They are using InSight CM to manage global commodity trading and risk for wheat, soybean meal, corn, and barley in North America and Asia. InSight CM captures, analyzes, and manages physical trading, procurement, logistics, bulk handling, processing, risk, and compliance across all the company’s agri-commodities.
“Eka provides a fully integrated multi-commodity CTRM software platform with advanced analytics specifically designed for agriculture markets,” said Zaid Qadoumi, CEO, BroadGrain. “We needed the most functionally advanced end-to-end agriculture trading, risk, and supply chain solution to support our growing business. We chose Eka based on its strong customer base, deep industry knowledge, and customer-centric focus. We forged a strong partnership with the Eka team. They really understand the agriculture commodity business and are great to work with.”
“More and more agribusinesses are realizing they need advanced CTRM solutions and commodity analytics to thrive in volatile markets,” said Sanjay Singla, general manager of CTRM at Eka. “Eka’s customers choose Eka because of the quality of our solutions and our proven track record for successful deployments. Eka is the dominant agriculture CTRM provider and we look forward to helping BroadGrain fulfill their growth objectives as we continue to collaborate in the years to come.”
InSight CM - Agriculture captures, analyzes, and manages physical trading, procurement, logistics, bulk handling, processing, risk, and compliance across softs, grains, feeds, edible oils, oilseeds, livestock, and other agriculture-based businesses. The CTRM software solution, relied upon by four of the top five global agriculture companies, also optimizes decision-making by providing real-time scenario and intelligence capabilities. It is available in both a cloud-based and traditional on-premise model. Recent agriculture clients include Solaris Commodities in Europe, CREMER in Europe, and Providence Grain in North America.
Eka Analytics analyzes large volumes of data from disparate sources – CTRM, ERP, CRM, spreadsheets, and IoT sensors plus external sources such as market curves and weather data – to enable commodity market participants to make better, fact-based decisions. Eka Analytics’ app-based, 100 percent cloud solution is easy to use, and enables commodity market participants to accelerate growth, increase profitability, improve operational control, and manage risks and exposures.
About Eka Software Solutions
Eka is the global leader in providing Smart Commodity Management software solutions. Eka's analytics-driven, end-to-end Commodity Management platform enables companies to efficiently and profitably meet the challenges of complex and volatile markets.
The company’s best-of-breed solutions manage commodity trading, enterprise risk, compliance, procurement, supply chain, operations, logistics, bulk handling, processing, and decision support. Eka partners with customers to accelerate growth, increase profitability, improve operational control, and manage risks and exposures.
Eka is a team of 315 staff with offices in the Americas, Asia, Australia, and EMEA, serving a rapidly growing global client base across multiple commodity segments.