Eka Announces Release of Commodity Sourcing and Processing Solution for Consumer Product Companies
Solution to help companies manage the volatilities of commodity markets by rationalizing their input costs and proactively managing their commodity sourcing and processing operations.
- (1888PressRelease) August 07, 2012 - Eka Software, a global provider of commodities trading and risk management (CTRM) solutions today announced the release of its commodity sourcing and processing solution for Consumer Product Group (CPG)firms . The solution would help companies to manage the volatilities of commodity markets by rationalizing their input costs and proactively managing their commodity sourcing and processing operations.
For Consumer Product companies, volatility in input and energy costs, ever-increasing competition, stringent government regulations, health concerns and the rise of new markets are some of the issues affecting the strategic landscape, business performance and profitability. These challenges are forcing CPG companies to look beyond the traditional long term supply contracts with fixed prices for procurement of raw materials and look at new ways of hedging price volatility and securing physical supply.
Eka's platform for CPG companies would help them face these challenges by managing demand aggregation, physical & financial trading, scheduling & logistics, hedging strategies and provide them with greater control over raw material procurement. Eka's solution provides sophisticated functionality to handle processing & logistics, capacity & sales planning, risk management, compliance and business intelligence.
"CPG companies need innovative ways to manage commodity price increases and supply & demand variations. Eka provides the right solution to manage local & global sourcing; processing and distribution needs of CPG companies while helping them to quickly and effectively respond to market movements." said Manav Garg, CEO & Founder Eka Software Solutions.
About Eka Software Solutions
Eka's products and services help companies that buy, sell or trade commodities manage the challenges of volatile markets and 24x7 global operations more efficiently.
The products provide customers best-of breed functionality for physical trading, risk management, logistics, inventory, finance, compliance and business intelligence. Eka sees itself as partners in customers' growth, working with them to improve operational control, increase profitability, accelerate growth and manage risks and exposures.
Today, Eka is a 250+ member strong team with offices in Asia Pacific, Europe and North America, serving a growing client base across various commodity segments, sizes and geographies.
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