NORWALK, Conn., June 24, 2014 /PRNewswire-iReach/ -- Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that Bracofeed has selected Eka's Smart Commodity Management platform to manage commodity trading, risk management, and bulk handling for its agricultural operations. Bracofeed is undergoing rapid business expansion and requires an advanced software platform to ensure better controls, real-time access to data, improved analysis, and more robust management reporting across its business.
Bracofeed is a leading international trading and storage company. The company trades feed materials, and provides cutting-edge transport and transshipment for cattle feed ingredients, with storage capacity of 20,000 tons.
"It was clear to us that Eka had the strongest business understanding and delivery capability of the 10 vendors we evaluated. In addition, the broad functionality and modern technology platform made Eka the right choice for Bracofeed," said Theo van Loon, Managing Director of Bracofeed Trading B.V. "A Return on Investment (ROI) business case clearly illustrated that Eka provides the lowest total cost of ownership."
"Eka acquired MatrixGroup with the vision of providing the first unified bulk handling and CTRM solution. Bracofeed is proof of the added value to customers of integrating trading, risk management and bulk handling," commented Manav Garg, CEO and Founder of Eka. "The selection by Bracofeed is an endorsement of not only our product strategy, but also our team's business understanding and implementation capabilities, which is why our solution comes out on top in competitive evaluations."
Eka's Smart Commodity Management platform is a fully integrated multi-commodity software platform covering all aspects of a transaction lifecycle including trading, risk management, processing, scheduling, logistics, bulk handling, and accounting. Bracofeed will use Eka.Agriculture to manage its trading and risk management, and Eka.Commodity Site Manager for its bulk handling operations.
Eka.Agriculture is an end-to-end commodity management platform for managing physical trading, procurement, logistics, storage and handling, processing, enterprise risk, and compliance across the agriculture supply chain. The software is suitable for a wide range of agri-commodities including grains, oilseeds, dairy, livestock, feed ingredients, biofuels, and fertilizers. By providing up-to-date, accurate information throughout the supply chain, the software helps agriculture companies better manage volatility in commodity prices, and see positions and exposures in real-time. Eka.Agriculture runs scenarios that show the effect of potential changes on a company's operating margin and helps maximize profits.
About Eka.Commodity Site Manager
Eka.Commodity Site Manager is a web based application that manages the physical processing of grains in bulk handling sites and port terminals. The software is used to manage physical operations including stock, cargo receipt, shipping, and billing. Road, rail, and vessel shipping are all supported. Eka.Commodity Site Manager enables staff to monitor stock across an enterprise, define quality parameters, and raise orders for the movement of product.
About Eka Software Solutions
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, procurement, logistics, storage and handling, processing, enterprise risk and compliance. Eka partners with customers to accelerate growth, increase profitability, improve operational control, and manage risks and exposures.
Eka is a team of 400+ staff with offices in Asia, Australia, Europe and the Americas, serving a rapidly growing global client base across multiple commodity segments.
For more information about Eka, visit www.ekaplus.com.
Media Contact: Lisa DeVoto, Eka, 2032731275, firstname.lastname@example.org
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Eka Software Solutions