New module for InSight CM – Agriculture CTRM platform simplifies planning and drives smarter decisions
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that agribusinesses can now use Eka’s InSight CM® - Agriculture commodity trading and risk management (CTRM) software to manage end-to-end-planning of bulk vessel shipments. InSight CM’s new bulk vessel shipment planning module streamlines planning and improves decision-making by providing a centralized management control panel for managing all tasks, and advanced analytics for assessing the P&L impact of various shipping scenarios. The module is the latest addition to InSight CM’s market-leading, comprehensive logistics suite, which tracks inventory and commodity movements in real-time across multiple locations and modes of transportation.
Bulk vessel shipment planning is a very complex, operations-intensive activity involving multiple parties, large financial transactions, and numerous details. It is often managed using an inefficient process involving disparate systems and even spreadsheets which are subject to human errors that put significant sums of money at risk.
Insight CM - Agriculture’s end-to-end bulk vessel shipment planning module simplifies the planning process by enabling customers to schedule tasks, execute shipments, track vessel status, manage post-delivery activities, and more from one intuitive management control panel. The module also drives smarter, more profitable decisions by allowing logistics managers to analyze how profit and loss is affected by different vessel nominations and grade choices. All information related to loans, letters of credit, and other financial instruments are stored within the solution, and can be rapidly analyzed to obtain an accurate, holistic view of financial standing.
“Growing market volatility and competitive pressures mean that agribusinesses are continually looking for new ways to increase efficiency and profits,” said Sanjay Singla, general manager of CTRM at Eka. “Our bulk shipment planning feature helps companies achieve success in this challenging environment by transforming what is frequently a disjointed and labor-intensive undertaking into a highly streamlined process, and providing enterprise-wide transparency across all planning activities.”
InSight CM - Agriculture captures, analyzes, and manages physical trading, procurement, logistics, bulk handling, processing, risk, and compliance across softs, grains, feeds, edible oils, oilseeds, livestock, and other agriculture-based businesses. The solution, relied upon by four of the top five global agriculture companies, also optimizes decision-making by providing real-time scenario and intelligence capabilities. Recent agriculture clients include Solaris Commodities in Europe, CREMER in Europe, and Providence Grain in North America.
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.
Eka is a team of 315 staff with offices in the Americas, Asia, Australia, and EMEA, serving a rapidly growing global client base across multiple commodity segments.