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Case Study - Agri - Global Agriculture Trading Company Improves Decision Making With Eka CTRM
Case Study - Agri - Global Agriculture Trading Company Improves Decision Making With Eka CTRM
Case Study - Agri - Global Agriculture Trading Company Improves Decision Making With Eka CTRM
Background
A global trading company was using SAP accounting software
and Excel spreadsheets for its reporting requirements. The
process required considerable manual effort for commodity trade
capture, shipments, settlements and other activities. Reconciling
several custom-made Excel spreadsheets from different users
was difficult and time consuming. Long reporting cycles did not
provide real-time information and inhibited decision making.
Business challenge
The amount of manual effort required to create reports and the lack of real-time information were
hampering decision making. Commodity business contracts, shipments and settlements were recorded and
tracked inefficiently. In many cases, contracts and reports were duplicated across systems. There was no
proper counterparty risk tracking, risk management or related reporting.
Company decisions were based on outdated information, resulting in suboptimal decisions. The reporting
process was inefficient and not standardized, tying up resources and increasing costs.
Inducting new employees into the organization was difficult, since the company was using several custom-
made spreadsheets.
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CASE STUDY
Business solution
The company adopted Eka CTRM to track business transactions (contracts/
shipments/invoices etc.) and minimize duplication of information across
multiple systems. The solution manages and optimizes the entire commodities
value chain, including trade capture, logistics, invoicing, and settlement. The
organization is also using real-time position and coverage visibility to manage
exposure across physicals and derivatives and advanced analytics to drive more
profitable business decisions.
The implementation process was quick and didn’t require a heavy IT investment
or additional IT infrastructure and service costs.
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CASE STUDY
Business benefits
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The power of one.
We help enterprises build the bridge We put customers, employees and our We forge long term relationships
between commodity management and community first. through one strategy, one team and
direct materials. one platform.
Eka supports over 100 customers globally and has proven industry expertise in helping customers achieve digital transformation,
solving complex business challenges in an environment of continuous change.
For more information, visit www.eka1.com and follow us on LinkedIn and on Twitter.