Eka Software Solutions and Wipro Announce Strategic Partnership for the Food & Beverages Industry
Eka Software Solutions and Wipro today announced a strategic partnership to service the global Food and Beverages industry. The partnership assumes immense significance in light of highly fluctuating commodity markets as firms get more and more exposed to greater risk, along with constant pressure on margins. As firms brace themselves to adopt more sophisticated risk management practices and IT systems, they stand to benefit from Eka’s comprehensive domain knowledge and its best-of-breed Commodity Trade and Risk Management (CTRM) solution, combined with Wipro’s superior and time tested capabilities in implementation services, delivery management and systems integration.
“Eka and Wipro Technologies have substantial experience and shared relationships with leaders in the Food and Beverages industry, making this arrangement beneficial to our clients,” said Ravi Purohit, General Manager CPG – F&B for Wipro Technologies.
The partnership is being structured to help F&B companies better manage their commodity procurement operations, including greater visibility to exposures and risks, keeping control over derivatives operations, as well as compliance with regulatory requirements. The complexity and challenges of commodity procurement operations along with integration issues are well-served by this arrangement.
“This relationship will provide significant value for customers looking to integrate their commodity trading and risk management solution with the ERP/backend systems by leveraging Eka’s commodities domain specialization and Wipro’s expertise in ERP and enterprise application integration. This alliance fills a key industry gap for a comprehensive, well integrated solution in the CTRM space that will help hedge risks related to commodity price volatility and thus controlling the negative impact on margins,” said Manav Garg, CEO & Founder, Eka Software Solutions.
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.