Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that a large retail trading co-op including over 200 independent associations has implemented Eka’s ETRM software to manage currency and energy related risks and support its recently developed energy financial risk management program.
The co-op is a wholesale, manufacturing, marketing, and administrative co-operative and operates in many industries, including energy, where it upgrades, refines, and markets petroleum products. After evaluating all the leading ETRM vendors, the co-op chose Eka because Eka had the most comprehensive and cost-effective solution. Eka’s history of success with energy companies and ability to scale as the business grows and the new risk management program evolves made Eka the right choice for this growing co-op.
“Eka provides the greatest depth and breadth of functionality of all ETRM solution providers, with shorter implementation times and faster returns on investment,” said Karen Lukacs, GM of Energy at Eka. “To remain profitable in today’s volatile energy markets, companies need advanced ETRM systems to manage and mitigate risk. Eka delivers comprehensive, cost-effective risk management with quick and easy integration with other systems.”
Eka’s energy customers provide some of the strongest references in the industry, praising both the software and Eka’s team. Eka’s ETRM software manages financial derivatives and physical contracts for crude and refined products, natural gas, natural gas liquids (NGL), liquefied natural gas (LNG), power, coal, and biofuels. It covers all aspects of a transaction lifecycle including trading, risk management, processing, scheduling, logistics, and accounting.