CREMER Goes Live on Eka’s Cloud-based CTRM Software Solution for Agriculture
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that CREMER has deployed Eka’s InSight CM® – Agriculture commodity trading and risk management (CTRM) platform in the cloud. Headquartered in Germany, CREMER is a global organization focused on the trade, processing, and transport of agricultural and basic commodities, raw materials, and oleochemical products.
CREMER is using Insight CM to manage market risk, counterparty credit risk, and operational risk across its businesses. The multi-commodity solution enables CREMER to identify exposures across all physical contracts, derivatives, and FX by providing a consolidated, real-time view of position, P&L, and mark-to-market. Advanced risk management tools including scenario optimization and the ability to generate VaR provide CREMER with maximum control over corporate risk.
“We chose Eka because we needed to partner with a company that could provide sophisticated risk management functionality in a secure cloud model, and that had the experience to ensure a seamless implementation,” said Susanne Graul, risk manager at CREMER. “The Eka team exceeded our expectations with a smooth, on-time, and on-budget deployment, and now we have the enterprise-wide visibility into exposure required to compete and operate as effectively as possible.”
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 solution, relied upon by four of the top five global agriculture companies, also optimizes decision-making by providing real-time scenario and intelligence capabilities. InSight CM in the cloud uses a virtual private cloud hosted by Amazon Web Services, and employs the highest security standards including encryption and HTTPS protocol. InSight CM is also available in a traditional, on-premise model.
“While population growth and urbanization are providing big opportunities for agribusinesses, increased volatility, competitive pressures and other factors have companies re-evaluating their risk management practices as they try to offset shrinking margins,” said Sanjay Singla, general manager of CTRM at Eka. “CREMER has put itself a giant step ahead of companies relying on spreadsheets and homegrown systems by implementing InSight CM to improve and optimize risk management across its European operations.”
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.