Eka Software Solutions to Shake Up the ETRM Market: Launches Eka. Energy, a Software Solution Catering to Physical Oil Trading

EKA > Eka Software Solutions to Shake Up the ETRM Market: Launches Eka. Energy, a Software Solution Catering to Physical Oil Trading
Feb 21, 2011

Eka Software Solutions to Shake Up the ETRM Market: Launches Eka. Energy, a Software Solution Catering to Physical Oil Trading

 

Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced the launch of “Eka.Energy”, Eka’s CTRM software solution catering to physical oil trading. Through the launch of the product, this global CTRM company has made its foray into energy after enjoying its successful breakthrough in the physical agriculture and metals trading space.

 

Eka.Energy is a comprehensive trading and risk management software solution that offer traders of crude oil, refined products, bio-fuels and coal an unmatched solution focused to manage the entire trade life-cycle including detailed management of logistics operations and physical inventory.

 

Eka.Energy has a unique data model designed to handle the physical business. This coupled with a comprehensive management of physical trading and logistics processes, with the ability to track quantities and costs throughout the supply chain.

 

Eka.Energy also features an integrated Business Intelligence tool for custom reporting giving it strong BI, Reporting and Analytics functionalities. Its sophisticated drag and drop tools enables the end user to create custom views of complex information quickly and easily and has a powerful and easy to use custom reporting environment for individual and group users delivering superior usability and performance.

 

Eka.Energy is based on 100% Java, J2EE, SOA, Struts, XML, N Tier and Component architecture. It runs on a web-based thin client, enabling users to plug in external third-party content and widgets into their user dashboard. It is flexible and easy to adapt, ensures lower costs and leverages existing investments with smooth third party integration.

 

Manav Garg, CEO and Founder, Eka Software Solutions, said, “The energy market is growing in volume and with that comes the need to mitigate risks and ensure sustained profitability. Given that crude oil prices have a history of high volatility, we are happy that Eka.Energy can enable price risk management in a hassle free manner. We have built all our products on a concept of ‘One Solution. One View’, which means that our solution consolidates information in real-time and makes it available across various trading functions through a single seamless view helping trading companies conduct trades, hedge risk, match supply with demand, administer inventory and execute fulfillment logistics very efficiently.”

 

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.