Commodity Technology Advisory White Paper Examines Why More Companies Are Adopting CTRM Cloud Solutions and the Advantages
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that Commodity Technology Advisory has published a new white paper, “Leveraging the Cloud for Improved Performance in Agricultural Trading Operations.” The research paper explores trends in CTRM adoption, the benefits of moving to cloud-hosted solutions, and the advantages of implementing Eka’s CTRM solution, InSight CM Cloud, for effective commodity management.
The paper provides key insight into the commodity trading and risk management software market, including the trend towards cloud adoption:
- Cloud-delivered CTRM solutions now outsell traditionally deployed, on-premises solutions
- Spending for cloud-deployed CTRM will grow by as much as 15-20 percent per year over the next 5 years
- Costs – both entry costs and ongoing costs – are the primary factors driving cloud adoption
- Seamless and easy integration with third-party systems via rich APIs and web services have increased cloud adoption
- Fast, easy scalability – including the ability to add new users or expand the breadth of system access within hours – increases cloud adoption in dynamic markets
ComTech’s white paper reviews cloud-hosted CTRM features, and highlights the success of Eka’s InSight CM Cloud. “With the company’s latest commodity management solution, Eka InSIght CM, Eka’s customers across a wide range of geographies and commodities have not only leveraged the advantages of the cloud, but have improved their financial performance via increased operational visibility, access to real-time data, advanced analytics, and enterprise-wide transparency across the scope of their businesses.”
“Eka’s InSight CM Cloud provides all the functionality of Eka’s on-premise CTRM solution without requiring the same commitment of IT resources on the customer side, enabling faster, easier, and less expensive implementations,” said Sanjay Singla, general manager of CTRM at Eka. “Eka’s hosting services include provisioning required hardware and software as well as covering complete environment management services, setup and deployment, upgrades, DBA support, helpdesk, and backup/restore – with guaranteed application uptime. InSight CM Cloud delivers access to all the reporting, dashboards and analytics anytime, anywhere, from different mobile devices. That’s why 80 percent of our new customers are choosing Eka’s cloud-based solutions.”
Insight CM 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. Eka’s 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.
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.