Eka launches PositionCenter solution for commodity companies

BANGALORE, INDIA: Eka Software Solutions today released its new PositionCenter solution for the commodity companies, which enables a unique, visually rich, highly interactive and collaborative approach to position management and decision-making.

The product is based on an in-depth understanding and knowledge of the challenges of managing physical and financial positions. Using well-structured analytical and graphical interfaces, it enables decision-makers to easily understand the what-how-why: what is the current position as well as profit and loss across physicals and financials, how this position came about, and why they are holding this position.

Besides guiding users through a defined process for arriving at answers to difficult questions, the solution gives flexibility to change their analysis methodology based on business requirements and enable collaboration with other users.

Manav Garg, founder and CEO of Eka said, "As commodity markets continue to take centre stage in world economics, producers and traders have become increasingly dependent on technology to make the right decisions for an efficient business. Traditional spread sheets and first generation legacy systems are no longer able to provide the necessary timeliness and trading support. We are seeing many commodity companies looking to replace their incumbent systems."

The new Eka PositionCenter will enable users to interact and collaborate via a common set of dashboards across the whole trading institution. The scope of functionality in the new product moves commodity management solutions to a new level.