Noble Selects Eka to Manage its Global Coffee and Cocoa Business
Eka is pleased to announce that the Noble Group has selected its Commodity Trade & Risk Management (CTRM) software to manage its global coffee & cocoa business. Noble is one of the largest commodity trading firms in the world, it is Vietnam’s largest coffee merchant and Asia’s largest Robusta coffee bean merchant. Noble is also a serious player in Arabica coffee with operations in Brazil, Guatemala, Nicaragua, Peru and Colombia.
Eka’s CTRM solution will be deployed across all Noble offices in North & South America, Asia and Europe. The solution will help Noble integrate their trading both “physical and futures” operations on a single platform and help traders and risk managers manage their business more effectively by identifying costs and exposures effectively in real time. To achieve this Eka will integrate with various systems including live feeds / financial and accounting systems and Master Database providing seamless flow of information throughout the organization.
Noble’s selection of Eka was preceded by a comprehensive multi stage evaluation process involving over 5 vendors over a span of 6 months including detailed workshops with key user groups. Eka’s ability to handle the entire commodity trade operations from origin to destination, comprehensive logistics management and deep functionality in managing m2m/inventory/accruals etc., helped it win at Noble.
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.