EKA > Superior Essex Success Story: Smart CM for Metal Processors and Fabricators
Jul 02, 2018

Superior Essex Success Story: Smart CM for Metal Processors and Fabricators

Eka’s consolidated reporting provides central visibility to open positions across the various geographical regions and exchanges and can be assessed on a real-time basis, not only at month’s end, enabling better decision making for senior management.

 

Overview
Superior Essex is a global leader in the design, manufacture and supply of wire and cable products. Their Magnet Wire and Distribution business segment is the world’s largest producer of magnet wire, while its North American Communications Cables business is the industry leader in outside plant copper communications wire and cable products used for voice and data transmission.

 

Business Benefits
With the Eka solution in place, custom spreadsheets are no longer used and hedges are now accounted for consistently across all company locations worldwide in accordance with corporate risk management policies. Superior Essex can now electronically designate trades at the time of creation and include them in the hedge accounting analysis. For auditing compliance, the prospective and retrospective testing of these hedges is automatically run by the system and can be monitored continuously, meeting the International Financial Reporting Standards.

 

Eka’s consolidated reporting provides central visibility to open positions across the various geographical regions and exchanges and can be assessed on a real-time basis, not only at month’s end, enabling better decision making for senior management.