Eka Software Solutions Announces Next-Generation SMART ETRM Software Platform for Managing Natural Gas
InSight CM – Natural Gas 8.1, the most comprehensive and intuitive energy trading and risk management platform, now delivers next-generation, in-cloud decision support and insights.
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today the release of InSight CM – Natural Gas 8.1, a next-generation energy trading and risk management (ETRM) software platform for market participants who produce, process, procure, trade, move, or market natural gas. InSight CM – Natural Gas 8.1 is now fully integrated with InSight CM – SMART, the only commodity management solution to provide in-memory, cloud-based, ETRM decision support.
“First and second generation ETRM and CTRM solutions do not have sufficient functionality to support the current and future requirements of complex and volatile energy markets,” said Manav Garg, CEO of Eka. “These earlier generation solutions were primarily transaction-focused; Eka is leading a generational shift to SMART ETRM and CTRM solutions that provide real-time, fact-based insights. InSight CM – Natural Gas 8.1 reveals hidden opportunities and mitigates previously invisible risks contained in the energy and natural gas value chains; advanced analytics are key to the future competitive success of our customers.”
Eka’s InSight CM – Natural Gas solution manages the entire lifecycle of natural gas including transaction capture, scheduling, confirmations, operations, risk management, credit, and settlement. By managing complex gas scheduling using real-time balance, capacity, and transportation cost data, the platform supports extremely complicated itineraries with multiple legs across the entire pipeline network. With Eka’s next-generation ETRM software platform, traders, schedulers, and accountants have the most comprehensive and intuitive solution to profitably manage gas trading and operations.
In addition to providing a complete solution for managing natural gas, InSight CM – Natural Gas 8.1 is now fully integrated with InSight CM – SMART, Eka’s advanced analytics solution that provides commodity market participants with real-time analysis and insights to make the most profitable decisions. Instead of focusing on after-the-fact reporting and dashboards, Eka’s platform provides transformational insights well beyond the typical transactional and reporting solution. InSight CM – SMART provides instantaneous, meaningful insights on complex business problems—including analysis on live transactions. With Eka’s SMART solution, customers can analyze arbitrage opportunities, reveal opportunities in sudden market movements, and mitigate previously invisible risks.
“InSight CM – Natural Gas 8.1 has the most comprehensive functionality of any ETRM solution for natural gas,” said Andy Bout, VP Energy of Eka. “We designed the system to be extremely intuitive so that the most complex trading and scheduling issues are easy to handle using Eka’s solution. Our customers can spend their time focused on their job and providing business value, instead of figuring out how to use the software.”
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.