Commodity Risk Management Software for Industrial Manufacturing
Commodity Procurement Software to Better Manage Commodity Volatility
Industrial manufacturers that use raw materials, metals, plastics, energy, and other commodities to produce finished goods face increasing challenges around price volatility of commodities as well as managing energy costs. In addition to operational and reporting challenges, risk can include many varieties including price, currency, counterparty, and compliance. To protect profit margins when dealing with volatile prices in commodities, industrial manufacturers can better manage risk with next-generation CTRM and ETRM software.
Leading Commodity Procurement Solution
Eka’s Smart Commodity Management software platform, InSight CM®, captures, analyzes, and manages demand, budgets, forecasts, coverage, procurement, and hedging while providing real-time scenario and intelligence capabilities to optimize decision making.
Eka’s Industrial Manufacturing Solutions
Industrial manufacturers and suppliers can use InSight CM - Commodity Planning & Procurement (CPP) for integrated commodity planning that includes the procurement of commodities, energy, and packaging. The software platform includes advanced analytics and decision support tools for improved management of risks and exposures, and is suitable for both local and global sourcing and distribution.
Eka's InSight CM platform for energy products is a fully integrated multi-commodity Smart Commodity Management software platform for crude and refined products, natural gas, natural gas liquids (NGL), liquefied natural gas (LNG), power, coal, and biofuels covering all aspects of a transaction lifecycle including trading, risk management, processing, scheduling, logistics, and accounting. With advanced analysis and reporting, the software provides greater control over energy procurement and risk management to run facilities and fleets at a lower cost than first-generation ETRM platforms.
InSight CM - Metals is a comprehensive solution for managing physical trading, position, P&L, derivatives, risk, logistics, and finance across base metals, ferro alloys, steel, and scrap. The software helps industrial manufacturers manage the complexities and risk of metals by providing a seamless flow of information from physical contract management to logistics, assay management, pricing, hedging, risk management, invoicing, and associated reporting.