White Papers Addressing Commodity Market Challenges | Page 6

Addressing Commodity Market Challenges With Digitalization Enabled by Platform Technology
A ComTechAdvisory Whitepaper
providing valuable capabilities and business value “out
of the box”. The company has also invested much of
their development efforts in creating a library of pre-built
apps and services that span commodity production,
sourcing and upstream origination, trading and risk
management, supply chain operations, and numerous
market data interfaces.
The core platform provides embedded workflow
management capabilities, data administration and
security. Using the provided application development
toolkit, users can access that platform via well-
documented and open APIs, providing a clear path
for rapid integration with internal systems or for
development and deployment of custom capabilities.
Eka’s broad library of prebuilt market & commodity-
specific apps (accessible via their App Store) allows
their customers to simply download and deploy new
functionality as their needs change. The Eka App Store
library currently lists more than 50 apps providing
specific trading and risk functionality, digital supply
chain management, financial management and
analytics, and includes commodity-specific algorithms
and workflows that address complex nuances of
multiple commodities. Once an app is downloaded,
customers of Eka’s flagship solution can quickly
implement new functional capabilities or new system
interfaces - giving them the flexibility and agility they
need to address changing market conditions or to
pursue new opportunities at a lower cost and faster ROI
than is possible with traditional CTRM/CM products.
The Eka Commodity Platform allows its customers
to achieve comprehensive integration of the end-to-
end global trading and commodity management process
by streamlining the life cycle of transactions across
orders, logistics and settlement, enabling operational
and financial optimization and better management of
financial risk, hedge accounting and compliance.
As companies seek to improve their competitiveness,
agility and financial performance through the process
of digitalization, new and innovative technologies are
always compelling. However, without that technology
having been developed with a deep understanding of
the complexities of the markets they serve and the very
specific challenges facing those market participants -
such as that in Eka’s Commodity Platform - the return
on investment envisioned by a digitalization project will
likely fall well short of its target.
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