Eka Software Solutions, a leading provider of Commodity Trade and Risk Management (CTRM) software will partner with Black Hawk Resources, a provider of procurement services and commodity product sales. The partners will offer a combined solution of Black Hawk expertise with Ekaâs software.
Metals processing organizations have many challenges: achieving operational efficiencies, hedge accounting, risk management, and compliance reporting. The two partners will draw upon Black Hawkâs consulting expertise in developing commodity procurement strategies. Black Hawkâs recommendations to its clients can then be implemented by Ekaâs software so that procurement operations are keyed to support managementâs goals for revenue and margins.
âIn my previous roles as risk manager with two Metal Processors and a major trading company, I worked extensively with other software systems. Eka has been a well-kept secret and was unknown to me at that time. In my view, Ekaâs software is today best in class, modeled for metals operations with modern analytic tools to protect and boost operating margins. I am very pleased to partner with Eka to provide a combined offering of our risk management services coupled to this sophisticated software that implements our recommended strategies,â said Scott Stewart, Director, at Black Hawk Resources Ltd.
âThis partnership will add significant value to companies seeking to adopt best practice in commodity hedging and price risk management operations. Scottâs experience as a hands-on operations and risk manager gives him tremendous insight and credibility with Metal Processors and their customers. Ekaâs software for Metal Processors is specifically designed to implement Black Hawkâs recommendations to ensure that processing margins are protected, captured and realized,â said Daniel McEvoy, Vice President, Global Head of Metals & Mining, Eka Software Solutions.