Eka Scores Highest in ComTech Advisory's CTRM Sourcebook 2020
With an average score of 98%, Eka ranked as the leading provider of solutions with the most functional depth catering to an extensive breadth of commodities for the second consecutive year.
NEW YORK, Sept. 16, 2020 /PRNewswire-PRWeb/ -- Leading commodity tech analysts ComTech Advisory (ComTech), recognizes Eka Software Solutions, the #1 Platform for Commodity Management, for its extensive product functionality for commodity businesses. ComTech Sourcebook for CTRM Software provides a rich source of information into the capabilities and coverage of products within the ETRM/CTRM software space. Eka was one of the 40 vendors evaluated and for the second consecutive year the cloud platform driven company ranked highest for its functional depth across agriculture, energy, metals and mining commodities.
ComTech attributed Eka a score of 98% based on its assessment that combined two key factors. In addition to granting high scores on the platform's functional coverage across various commodities, the analyst also took into its consideration customers who have successfully implemented these functionalities and are benefitting from it.
Each commodity is governed by unique characteristics due to differences in its production, processing, packaging, storage and transportation at every step of the value chain. These characteristics dictate how these commodities move through the supply chain that further establish functional requirements within a system. This has led to commodity businesses looking for solutions that help them address the operational complexity and risks of trading different commodities.
Eka's visionary approach to CTRM/ETRM is evident in the significant R&D investment of nearly 30% of its revenues. It has invested in the breadth of its applications covering position management and P&L reporting; analytics, trading, risk and compliance management; supply chain operations and financial close. Its applications have advanced depth of functionality for a wide range of commodities and are developed to fully support the nuances of trading different asset classes that include a comprehensive set of exchanges and instruments.
"Eka has remained steadfast in driving rapid innovation for our customers, and we believe this scoring by ComTechAdvisory is a testament to Eka's market leadership, depth and client success of its platform driven solutions. In line with our vision, we will continue to develop solutions for commodity businesses that help our customers thrive in a constantly evolving market and help them accelerate their digital journey," said Manav Garg, CEO & Founder, Eka Software Solutions.
The platform's new age architecture drives discrete and highly configurable solutions that allow clients to introduce new functionalities on demand. This is also one of the key factors why customers choose Eka over other CTRM/ETRM solutions. True integration with a wide range of third-party systems and data sources lets businesses quickly deploy these solutions to address the complex functional requirements they face across multiple commodities and industries.
Eka understands that the nature of commodity trading is becoming increasingly dynamic, most customers are facing newer challenges that haven't been addressed before. Industry expertise in a variety of markets and asset classes is critical. Clients need solutions that allow them to respond to the constant stream of disruption while maintaining business continuity. The company's forward-thinking approach has been proven to help companies meet the challenges of complex and volatile markets efficiently and profitably with comprehensive solutions that facilitate faster, data-powered decisions.
About Eka Software Solutions
Eka Software Solutions is a global leader in providing digital commodity management solutions driven by Cloud, Blockchain, Machine Learning and Analytics. The company's best-of-breed solutions serve the entire trading value chain across agriculture, energy, metals and mining and manufacturing markets. Eka is reimagining commodity management with a new age architecture that breaks monolithic ETRM and CTRM systems into bite sized chunks of powerful, enterprise grade apps, thereby enabling faster implementation, adoption and decision making. Eka's mobile-first, enterprise apps are embedded with commodity specific algorithms that empower businesses to stay on top of volatile markets by letting them scale at will, go live faster, and achieve better value for their investments. Eka has offices across the Americas, Asia, Australia, and EMEA serving 100+ customers globally across multiple commodity segments. Read more about Eka at http://www.eka1.com.
SOURCE Eka Software Solutions
Share this article