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Eka Software Solutions Launches Commodity Analytics Cloud

Tuesday, 26 May 2015, 06:46 Hrs

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, and 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.

“Commodities markets are characterized by risk, volatility, and complexity,” said Manav Garg, CEO at Eka. “Business users can no longer afford to wait days and weeks to understand market changes, analyze the alternatives, and make decisions. Every business user needs the power to analyze 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, and 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, counterparties, 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.

“Commodity Analytics Cloud is very different from other generic business intelligence tools,” said Michael Schwartz, Executive VP and CMO at Eka. “We’ve leveraged our vast experience in the commodities markets and built it into the platform and the specific apps, providing unique value to our customers.”

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. Learn more about Commodity Analytics Cloud at www.commodity-analytics-cloud.com.

Commodities Analytics Cloud is part of Eka’s Smart Commodity Management suite and can be used stand-alone or combined with Eka’s InSight CM platform, which supports the entire commodity transaction lifecycle including trading, risk, compliance, procurement, supply chain, operations, logistics, bulk handling, and processing. InSight CM is Eka’s next-generation integrated system for managing commodity transactions end-to-end throughout the value chain.