CJ International Asia Deploys Eka’s Cloud-based InSight CM – Agriculture Solution for Commodity Trading & Risk Management
Multi-commodity software platform significantly improves value chain efficiency and enables more profitable decision-making.
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that CJ International Asia has deployed Eka’s cloud-based InSight CM® – Agriculture commodity trading and risk management (CTRM) platform to support its rapidly-growing operations and maximize value chain efficiency.
CJ International Asia, which is headquartered in Singapore, is a leading agricultural trader with over USD 2 billion in sales. The organization has been named one of the 50 fastest-growing companies in Singapore, and has been ranked one of the nation’s top 100 companies by overseas revenue.
CJ International Asia is using Insight CM to manage and optimize the entire commodities value chain including trade capture, logistics, invoicing, and settlement. The organization is also using real-time position and coverage visibility to manage exposure across physicals and derivatives, and advanced analytics to drive more profitable business decisions. A seamless integration with SAP increases efficiency and productivity by automatically posting invoices, end-of-day results, counterparty data, and other information.
“Prior to this deployment, we were using homegrown systems for trade capture, position management, and other activities. This required a lot of manual effort and did not give us the real-time information we needed to make the best decisions for our business,” said Mr. Cho Yun Hee, chief financial officer of CJ International Asia. “InSight CM provides us with the advanced functionalities that our rapidly-growing company requires to retain an industry-leading position, and significantly increases efficiency by simplifying and standardizing our global processes.”
“Strong support and commitment from all Eka and internal project team members were key factors contributing to our very successful deployment,” Mr. Cho continued. “Our positive experience throughout the planning and implementation process validated that we made the right choice when we partnered with Eka.”
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.
“More and more agribusinesses are coming to terms with the limitations of homegrown systems and are realizing they need CTRM platforms that provide real-time data, advanced analytics, and enterprise-wide transparency to thrive in what is often a cut-throat industry,” said Sanjay Singla, general manager of CTRM at Eka. “CJ International Asia is now part of the growing list of forward-thinking agri-commodity companies that are taking their businesses to the next level of success by partnering with Eka. We’re looking forward to helping them further optimize their operations as we continue to collaborate in the years to come.”
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.