Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today the general availability of Commodity Analytics Cloud, an advanced analytics solution for commodities companies in the agriculture, manufacturing, energy & metals industries. With Commodity Analytics Cloud, traders, risk managers, analysts, supply chain/logistics managers, IT specialists, back office personnel and executives gain previously unavailable insights into key business areas and can take action before competitors.
Speaking about Commodity Analytics Cloud; Manav Garg, CEO at Eka said
Commodities markets are characterized by risk, volatility and complexity. Business users can no longer afford to wait days and weeks to understand market changes, analyse the alternatives, and make decisions. Every business user needs the power to analyse data the way they want, and that’s exactly what they get with Commodity Analytics Cloud.
Harnessing data from internal systems such as ETRM, CTRM, ERP, CRM & spreadsheets, and external sources such as market curves and weather data, Commodity Analytics Cloud brings all the data together in one place to answer the most important questions. Information is displayed in an easy-to-understand way that facilitates deeper inquiry. Business users can focus on data analysis, not data collection.
Backed by years of deep domain experience, Eka has created a series of apps specifically designed for the commodities markets that address high value business issues. Providing an end-to-end analysis of the entire enterprise, these apps span multiple categories including positions, P&L, trading, risk, credit, finance, supply chain, reconciliation, counter parties, and more.
Users can download the specific apps needed for their area of the business, and even customize apps for their individual needs. Analytics are no longer restricted to the realm of the IT department or other specialists. Commodity Analytics Cloud opens analytics to everyone.
Eka’s revolutionary next-generation technology, Pace, processes millions of data entities in seconds which enables users of Commodity Analytics Cloud the ability to move through data at unprecedented speed. Users can mix and match different data sets and perform real-time analysis on extremely large volumes of data.
Available on both smartphones and tablets as well as desktops and laptops, Commodities Analytics Cloud can be deployed on-premise in an internal company network or externally on a public cloud. More information about Commodity Analytics Cloud is available at this link.
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.