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Eka Software brings intuitive ETRM platform for managing natural gas

Eka Software Solutions released InSight CM - Natural Gas 8.1, a next-generation energy trading and risk management ETRM platform

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BANGALORE, INDIA: Eka Software Solutions released InSight CM - Natural Gas 8.1, a next-generation energy trading and risk management - ETRM platform for market participants who produce, process, procure, trade, move, or market natural gas. InSight CM - Natural Gas 8.1 is now fully integrated with InSight CM - SMART, the commodity management solution to provide in-memory, cloud-based, ETRM platform decision support.

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"First and second generation ETRM and CTRM solutions do not have sufficient functionality to support the current and future requirements of complex and volatile energy markets,” said Manav Garg, CEO of Eka. “These earlier generation solutions were primarily transaction-focused; Eka is leading a generational shift to SMART ETRM platform and CTRM solutions that provide real-time, fact-based insights. InSight CM - Natural Gas 8.1 reveals hidden opportunities and mitigates previously invisible risks contained in the energy and natural gas value chains; advanced analytics are key to the future competitive success of our customers.”

Eka’s InSight CM - Natural Gas solution manages the entire lifecycle of natural gas including transaction capture, scheduling, confirmations, operations, risk management, credit, and settlement. By managing complex gas scheduling using real-time balance, capacity, and transportation cost data, the platform supports extremely complicated itineraries with multiple legs across the entire pipeline network. With Eka’s next-generation ETRM software platform, traders, schedulers, and accountants have the most comprehensive and intuitive solution to profitably manage gas trading and operations.

Andy Bout, VP Energy of Eka, said: "InSight CM - Natural Gas 8.1 has the most comprehensive functionality of any ETRM solution for natural gas. We designed the system to be extremely intuitive so that the most complex trading and scheduling issues are easy to handle using Eka’s solution. Our customers can spend their time focused on their job and providing business value, instead of figuring out how to use the software.”