SEI Energy Selects Eka for Energy Trading and Risk Management
Eka Energy to manage trading, position, risk, and scheduling for natural gas, crude oil, and refined products.
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that SEI Energy, LLC has selected Eka Energy to manage trading, position, risk, scheduling, and back-office operations for its rapidly growing oil and natural gas producer services and energy marketing businesses.
SEI Energy provides a full range of natural gas, crude oil, and NGL marketing services to meet the individual needs of its producer customers and furnishes strategic long-term solutions to ensure its clients receive the best possible price structure for their products. Additionally, SEI offers a comprehensive suite of administrative and back-office services to enable its clients to focus on what they do best—increasing production—rather than dealing with back-office issues and managing additional support staff.
SEI Energy has been growing at a rapid pace over the last few years both in the number of customers and customer volumes and expects additional growth for the foreseeable future.
“To support the future growth of SEI’s business and ensure our customers’ needs are met in a timely and profitable fashion, we needed to streamline the flow of information throughout the organization and reduce the amount of time spent on back-office paperwork and reporting. In addition, we needed to ensure we chose a platform that would not only meet our current requirements, but our future needs,” said Scott Johrde, COO at SEI Energy. “Of the multiple vendors we evaluated, Eka offered the most comprehensive and cost-effective solution. We were particularly impressed with the amount of time Eka spent with us to understand our business model and requirements.”
Eka’s energy platform manages financial derivatives and physical energy commodities, including crude and refined products, natural gas, natural gas liquids (NGL), liquefied natural gas (LNG), power, coal, and biofuels. It is a fully integrated multi-commodity ETRM software solution covering all aspects of a transaction lifecycle including trading, risk management, processing, scheduling, logistics, and accounting.
“The energy markets are in a major state of flux due to price volatility and changing methods and locations of production,” said Andy Bout, VP Energy at Eka. “Our Smart Commodity Management platform enables customers to manage effectively in the rapidly changing energy markets. Because we invest the necessary time early in the process to understand our customers’ requirements, we better ensure a successful deployment. We are pleased to welcome SEI Energy as a new customer.”
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.