Leading Grain Trader Medsofts Selects Eka

EKA > Leading Grain Trader Medsofts Selects Eka
Nov 30, 2009

Leading Grain Trader Medsofts Selects Eka

 

Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that Medsofts has selected Eka for its trading and risk management operations.

 

The Medsofts Group provides value-added commodity trading, brokerage and logistics services specialized for markets in North Africa, Egypt and the Middle East. As a fast growing business in an increasing complex and high-risk environment, Medsofts were seeking a solution that was better aligned to their business and growth plans, and therefore decreasing dependency on individual spreadsheets and legacy systems.

 

“We looked at so many solutions, but convincingly realized that Eka is the only solution with real depth of expertise and experience in physical commodity trading and risk management. We found Eka to go much beyond trade capture and position management. Eka understands the business, connects the dots very well, intuitively guides users on their day to day operations – whether updating shipment information and position sheets, sending or tracking documents, ensuring costs and valuation premiums are updated, helping us exactly calculate our P&L, inventory asset values, costs, exposures, and assisting with cash flows. With Eka, we can avoid all the traps that are a result of a disintegrated business approach,” says Mr. Salah Tawfik, Chairman, Medsofts Group. “Additionally, we hope to benefit from the best practices that are incorporated in the Eka solution as a result of their growing customer base,” he adds.

 

More and more companies are discovering Eka’s powerful solution capabilities that are derived from a real understanding of the requirements of physical commodity players. Eka manages all key business processes for these organizations, covering physical trading, logistics, inventory, finance, risk management, P&L, with built in BI capabilities. By integrating front, middle and back-office operations, Eka streamlines processes and information flows, brings real-time visibility over the business, helps organizations understand their position, P&L, exposures and risks and provides business intelligence to analyze performance and profitability.

 

“It gives us great pleasure to welcome Medsofts on board! We’ve designed the Eka product exactly for companies like Medsofts, and will work closely with their team to help them realize maximum benefit in the shortest period of time. With Eka’s solutions, Medsofts can concentrate on growing their business, while Eka brings in visibility, control and process efficiencies over their complete business,” says Mr. Manav Garg, CEO & Founder of Eka.

 

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.