White Papers Leveraging the cloud for improved performance | Page 7

Leveraging the Cloud for Improved Performance
A ComTechAdvisory Whitepaper
EKA IN THE CLOUD
Eka has a long and successful track record in servicing the agricultural markets around the
globe. Eka’s customers across a wide range of geographies and commodities have not only lev-
eraged the advantages of the cloud, but have improved their financial performance via increased
operational visibility, access to real-time data, advanced analytics, and enterprise-wide transpar-
ency across the scope of their businesses. Delivered in the cloud (or in a traditional on-premise
model), Eka’s CTRM solution captures, analyzes, and manages physical trading, procurement,
logistics, bulk handling, processing, risk, and compliance across softs, grains, feeds, edible oils,
oilseeds, livestock, and other agriculture-based businesses. The CTRM software solution, relied
upon by four of the top five global agriculture companies, also optimizes decision-making by
providing real-time scenario and intelligence capabilities.
Below are two brief case studies of the most recent examples of companies that have transitioned to Eka
Trading and Risk Management in the cloud to improve the bottom-line and operational performance of their
complex businesses.
Asian agricultural trading company
This company had been relying on a wide variety of
manually populated spreadsheets distributed through-
out their organization to manage their increasingly
complex business. Lacking a centralized store of data
and information or the ability to support formalized and
auditable business processes, the company’s strategy
and trading decision making was slowing as time was
wasted reconciling errors and merging information from
various spreadsheets and outside sources. Without re-
al-time reports of trading positions, P&L, and forecasts,
the company’s trading decisions were ultimately based
on inaccurate and/or incomplete information, leading to
suboptimal financial performance.
Seeking to improve their systems and processes, with-
out making a significant investment in IT hardware and
hiring an internal support team, the company selected
Eka’s cloud-based CTRM solution for agriculture to
replace this myriad of spreadsheets, improve real-time
visibility into data, and improve their analytics capabili-
ties. By providing the ability to aggregate all their data
in real-time and expose the metrics and insights neces-
sary to react quickly to changing market conditions, the
company’s traders and execute staff are ensured that
their trading decisions are based on accurate informa-
tion, not error riddled spreadsheets. By leveraging the
capabilities of the cloud, including seamless system up-
grades delivered by Eka, the company decreased the
cost of acquiring and maintaining a system that has po-
sitioned them for success as their business grows and
the markets and regulatory environments in which they
operate grow increasingly complex.