Bangalore, India (PressExposure) August 14, 2009 -- Managing Volatility through IT
Eka Software Solutions participated in the Australian Grains Industry Conference 2009 held on July 27-29, 2009 at Melbourne. Coming in the wake of Ekaâs recent customer acquisition â AWB, Australiaâs leading agribusiness organization, participation in the conference was a welcome opportunity for Eka to showcase its CTRM solution to Australian companies who will benefit from Ekaâs knowledge in the area of Commodity Trade and Risk Management.
The conference focused on some of the current concerns of the Australian Grains Industry like risk management, aligning value chains to future growth opportunities, performance of grains industry in Australia, managing quality in a deregulated market and making sense of freight markets. Leaders from the industry, government and international markets discussed global commodity trends and more importantly explored technological advances to manage volatility. A topic which was close to the heart of most of the delegate companies was the urgent need for a comprehensive solution to mitigate risk in relation to currency, production of grain, logistics and contract negotiations.
Legacy systems and spreadsheets are obviously not efficient solutions, as has been realized by some of the leading grain companies in the world who have migrated to using Ekaâs CTRM solution. Eka helps customers manage the complete life-cycle of physical and financial trades of all types of Grains [Wheat, Maize, Soya, Rice, Barley, etc], Feeds, Oils and Oilseeds, along with other commodities including softs, metals and biofuels. The solution includes comprehensive functionality across physical trading, derivatives, position management, mark to market and P&L, logistics, stocks, documentation, finance and reporting. Additionally, its modern technology base enables easy integration with other applications (accounting, ERP, live feeds, master data, etc), thereby creating the ideal real-time solution.
To know more about Ekaâs solution for grain companies: http://www.ekaplus.com/agriculture_commodity/grains_and_feeds.html