Boliden makes faster and more informed decisions with Eka’s Trading and Risk Management solutions
With Eka’s solution, Boliden’s commercial metals operations are all managed on one single platform. Raw material purchase, concentrates sales, tolling, metal balance valuation, and risk management functionalities are integrated with Boliden’s systems and business processes giving them a transparent view of the business.
With Eka’s solution, Boliden’s commercial metals operations including raw material purchase, concentrate sales, tolling, metal balance valuation, and risk management are all managed on one single platform. The solution allowed Boliden to replace manual processes with automated processes, enabling users to make faster, more informed decisions. In addition, Boliden has the ability to manage purchase and conversion contracts simultaneously, and manage metal debts, pledges, and speed pricing.
Boliden’s finance organization has also benefited from the solution; both summarized and detailed month-end and year-end closure stock positions and tolling charge reports are generated directly from the Eka solution. Reconciliation reports are available to help the finance team quickly determine if there are any discrepancies in month-end and year-end closure bookings. With a modern web-based system in place, business users can monitor positions and exposures in real-time, from any location. Boliden now operates on a next-generation Smart Commodity Management platform that is flexible, scalable, and can be adapted as the organization continues to grow.