Eka announces record number of successful CTRM/ETRM implementations
May 29, 2019, Norwalk, Connecticut: Eka Software (Eka), the leading provider of software solutions for commodities, has announced a record number of fast implementations for its customers, consolidating its platform’s superiority compared to legacy CTRM/ETRM systems. One of the primary reasons companies choose Eka is the exceptionally short implementation times of its enterprise grade apps for ETRM and CTRM. Eka enables them to scale faster and on-demand, allowing businesses to remain competitive by moving at the speed of markets. Eka’s unique Quick-Start implementation process enabled 25 new clients across large and medium sized enterprises to go live in 2019, which is an industry record.
Eka’s out-of-the-box apps come with pre-built connectors for trading, so customers can go live in weeks instead of months. For example, Singapore based coal trading company Pine Energy went live with plug-n-play trading and risk management apps on Eka’s platform in just 12 weeks, whereas traditional CTRM systems require six months or longer to implement.
Commenting on the implementation, Wallace Leong, Risk Manager, Pine Energy said, “As a young, rapidly growing company, we knew we needed a commodity management solution that could support our current trading operations and scale with us as we grew. We evaluated a couple of vendors and determined that Eka’s platform was best suited for us in terms of short onboarding time, cost competitiveness and scalability in future. We went live with Eka’s digital platform in just 12 weeks.”
“The best thing about the platform is that it is hosted on cloud, and it allows us to seamlessly add new functionalities without worrying about timelines or implementation failures. The system allows our traders to manage their operations end-to-end in one place. They simply log in and the platform provides all the information they need at the click of a button,” Leong further added.
Commenting on the fast implementations, Manav Garg, CEO and Founder of Eka, said: “As an underserved market, the commodity sector has typically lacked modern solutions that help them meet their business goals and respond to market opportunities on time. We are happy that Eka is enabling our customers to finally meet their current requirements with plug-n-play enterprise apps and future proof their growth with the ability to scale at will.
Brendan Marusa, Vice President Operations from World Energy commented on World Energy’s rapid go-live: “When the time came to select a vendor that would be able to implement within our aggressive timeline, Eka was the solution that gave us the most confidence based on their history of fast, successful implementations.”
Garg further added: “Our unrivalled implementation speed is available across all of our apps as well as the CTRM and ETRM suite, enabling customers to shift focus from spending time on transactional and time-consuming tasks to focusing on their businesses, faster decision making and data analysis.”
Depending on the apps that businesses choose, Eka’s platform allows companies to go live between 6 and 12 weeks, reducing implementation time by over 50% in comparison to the best-possible speed achieved with other systems. Eka’s solutions allow businesses to solve complex problems quickly and easily. Its comprehensive suite of applications addresses the needs of large and medium sized enterprises and provides the ability to start with apps that businesses need immediately and then add more, as and when necessary. On top of this, its easy integrations and flexible configurations help customers connect to critical data in disparate enterprise systems quickly and seamlessly.
Eka’s CTRM platform enables faster decision making because analytics and trade information are fed into the platform in seconds instead of days or weeks. The software provides a nimble, connected workflow and allows users to go live in weeks with any custom additions possible, growing the technological ability alongside business growth.
Eka is a global leader in providing digital commodity management solutions driven by Cloud, Blockchain, Machine Learning and Analytics. The company’s best-of-breed solutions serve the entire trading value chain across agriculture, energy, metals and mining and manufacturing markets. Eka is reimagining commodity management with a new age architecture that breaks monolithic ETRM and CTRM systems into bite sized chunks of powerful, enterprise grade apps, thereby enabling faster implementation, adoption and decision making. Eka’s mobile-first, enterprise apps are embedded with commodity specific algorithms that empower businesses to stay on top of volatile markets by letting them scale at will, go live faster, and achieve better value for their investments. Eka has offices across the Americas, Asia, Australia, and EMEA serving 100+ customers globally across multiple commodity segments.
For more information, visit www.ekaplus.com