Providence Grain Licenses Eka’s Insight CM – Agriculture CTRM Software
Requires best-of-breed CTRM system for advanced analysis and management reporting to improve efficiency and support rapid growth.
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that Providence Grain Solutions has selected Eka’s CTRM software to improve efficiency and reduce risk by integrating front, middle and back office on Eka’s best-of-breed agriculture commodity management platform.
Headquartered in Fort Saskatchewan, Alberta, Canada, Providence Grain Group Inc., operating as Providence Grain Solutions, is one of the few producer owned grain and agriculture businesses in Canada, offering grain marketing, grain drying, storage, off farm pickups, specialized marketing services, hedging, futures and options. Providence Grain trades more than one million tons of commodities annually, including wheat, barley, canola, lentils, peas, and oats.
“Providence Grain is experiencing tremendous growth,” said Kelly Tkaczyk, vice president, HR and IT. “Our current system requires manual processes for origination, inventory valuation, risk management and accounting. We need a robust grain management system that provides one version of the truth to improve management reporting, automate processes, increase efficiency and support our continued growth. Eka provides the most functional depth across origination, trading, supply chain, container and vessel operations, and risk management and has seamless integration with our MS NAV ERP, making it the right choice for Providence Grain.”
“We’ve seen a real uptick in adoption of Eka’s CTRM solution by agriculture companies this year,” said Sanjay Singla, GM of CTRM, Eka. “People are tired of large implementations with poor results and systems that promise high levels of performance and don’t deliver. Eka’s fully integrated platform for managing origination, trading, supply chain, vessel operations, and risk combined with our track record for successful implementations provides exactly what agriculture companies need. I am excited to welcome Providence Grains to our long list of agriculture clients.”
Eka has always had the strongest agriculture platform, with over 20 agriculture companies using the solution across North America, Europe and Asia. InSight CM – Agriculture captures, analyzes, and manages physical trading, procurement, logistics, bulk handling, processing, enterprise risk, and compliance across all agriculture commodities. With user-controlled, predictive analytics, agriculture companies make better risk-aware decisions. Four of the top five largest agriculture trading companies use Eka’s CTRM solution. New agriculture clients include Cremer in Europe, CJ International in Asia and BroadGrain in North America.
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.