Large Retail Co-op Implements Eka’s Energy Trading and Risk Management (ETRM) Software
Requires advanced ETRM software to support the co-op’s new energy financial risk management program.
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that a large retail trading co-op with over 200 independent associations has licensed Eka’s ETRM software to manage currency and energy related risks. The system will support its recently developed energy risk management program for financial and physical trading.
The co-op is a wholesale, manufacturing, marketing, and administrative co-operative and operates in many industries, including energy, where it upgrades, refines, and markets petroleum products. After evaluating all the leading ETRM vendors, the co-op chose Eka because Eka had the most comprehensive and cost-effective solution. Eka’s history of success with energy companies and ability to scale as the business grows and the new risk management program evolves made Eka the right choice for this growing co-op.
“Eka provides the greatest depth and breadth of functionality of all ETRM solution providers, with shorter implementation times and faster returns on investment,” said Karen Lukacs, GM of Energy at Eka. “To remain profitable in today’s volatile energy markets, companies need advanced ETRM systems to manage and mitigate risk. Eka delivers comprehensive, cost-effective risk management with quick and easy integration with other systems.”
Eka’s energy customers provide some of the strongest references in the industry, praising both the software and Eka’s team. Eka’s ETRM software manages financial derivatives and physical contracts for crude and refined products, natural gas, natural gas liquids (NGL), liquefied natural gas (LNG), power, coal, and biofuels. It covers all aspects of a transaction lifecycle including trading, risk management, processing, scheduling, logistics, and accounting.
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.