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BroadGrain Selects Eka For Next-Generation CTRM Software And Advanced Analytics

Wednesday, 20 April 2016, 09:30 Hrs

Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, has recently announced that BroadGrain has selected Eka’s agricultural CTRM software platform with advanced analytics to manage global commodity trading and risk for its operations both domestically and internationally.

BroadGrain is a leading global marketer and handler of grains, oilseeds, by-products, and specialty crops for both feed and food markets. Operating on nearly every continent, BroadGrain is committed to connecting producers, processors, and consumers of food and agricultural commodities around the world.

“We needed the most functionally advanced end-to-end agriculture trading, risk, and supply chain solution to support our growing business both domestically and internationally,” said Zaid Qadoumi, CEO, BroadGrain. “Through our evaluations, Eka’s platform proved to be the most modern and complete multi-commodity software solution on the market today, making our decision easy.”

BroadGrain licensed InSight CM®, a next-generation CTRM software solution for managing commodity transactions end-to-end throughout the value chain, and Commodity Analytics Cloud™, an advanced analytics solution that brings commodity specific analytics to all business users. These two solutions provide the operational and analytical solutions that commodities companies need to manage in today’s complex and volatile markets. InSight CM is an advanced transaction management platform, suitable for a wide range of commodities in the agriculture, manufacturing, metals, and energy industries. Commodity Analytics Cloud harnesses data from both internal and external sources to answer the most important questions for commodities companies in the areas of P&L, procurement, risk, and supply chain.

“Eka’s agricultural solution captures, analyzes, and manages physical trading, procurement, logistics, bulk handling, processing, risk, and compliance across all agri-commodities including dairy, grains, oilseeds, livestock, feed ingredients, biofuels, and fertilizers,” said Sanjay Singla, GM of CTRM, Eka. “The fully integrated platform provides straight-through processing of agri-commodities for the front, middle, and back office and is the most functional end-to-end solution on the market. In addition, our advanced analytics solution addresses the high-value business issues agriculture companies face today. By leveraging analytics, commodities companies can make faster, better-informed decisions when managing trading, positions, risk, P&L, inventory, costs, and logistics.”