âEka and Wipro Technologies have substantial experience and shared relationships with leaders in the Food and Beverages industry, making this arrangement beneficial to our clients,â said Ravi Purohit, General Manager CPG - F&B for Wipro Technologies.
The partnership is being structured to help F&B companies better manage their commodity procurement operations, including greater visibility to exposures and risks, keeping control over derivatives operations, as well as compliance with regulatory requirements. The complexity and challenges of commodity procurement operations along with integration issues are well-served by this arrangement.
âThis relationship will provide significant value for customers looking to integrate their commodity trading and risk management solution with the ERP / backend systems by leveraging Ekaâs commodities domain specialization and Wiproâs expertise in ERP and enterprise application integration. This alliance fills a key industry gap for a comprehensive, well integrated solution in the CTRM space that will help hedge risks related to commodity price volatility and thus controlling the negative impact on margins.â said Manav Garg, CEO & Founder , Eka Software Solutions.