Eka Software Sees Increased Adoption of Cloud Offering
75 percent of new customers choose cloud-based platform.
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today the rapid expansion of Eka Cloud solutions, its cloud-based commodity trading and risk management software solutions for commodities companies in the energy, agriculture, manufacturing, and metals industries.
“As commodities companies struggle to maintain margins in an environment of volatile commodity prices, they are seeking ways to reduce costs and increase efficiency without sacrificing quality,” said Rajeev Warrier, chief technology officer at Eka. “Our ETRM and CTRM software provide the greatest depth and breadth of functionality compared to other solutions, whether on-premise or in-cloud. The dramatic increase in cloud adoption demonstrates the market readiness and significant savings our cloud-based services deliver. Eka’s cloud solutions reduce IT capital and service costs while shortening implementation time in a completely secure environment.”
Eka’s cloud solutions ensure data remains secure with powerful field level security and role-based hierarchy controls that guarantee users will only have access to permissioned data. All data is encrypted and uses HTTPS protocol.
The benefits of Eka Cloud solutions for commodities companies include reduced costs, faster implementation, immediate access to new functionality, and scalability in a fully secure solution. The solutions are hosted in a virtual private cloud and Eka’s applications can be configured with either a private or public subnet depending on whether or not the customer requires the ability to access the applications from the Internet. Eka offers a variety of services to complement its cloud solutions including initial setup and deployment, ongoing monitoring and backup, and application upgrades.
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.