Eka Software Solutions, the fast growing global provider of end-to-end commodity management software, today announced that GrainCorp has gone live in Australia on Eka’s commodity management platform, as the first stage of a global implementation.
GrainCorp is a leading global agribusiness that owns the largest Australian network of grain storage sites and ports, as well as having substantial grain marketing and processing operations. Trading wheat, barley and canola and other agri-commodities, the company plays an important role connecting food manufacturers globally with Australian growers. It is a significant participant in world-wide grain markets, buying and selling more than 6 million tonnes of wheat, barley, sorghum and canola per year.
Eka has worked with GrainCorp on the implementation of a new trading and risk management system that will allow real-time, enterprise-wide visibility through a single, globally integrated product platform. Eka’s end-to-end commodity management platform is at the core of GrainCorp Marketing’s expansion and will deliver improved functionality and visibility in grain origination, logistics, trading, global risk reporting, and contract management.
Klaus Pamminger, Group General Manager, GrainCorp Marketing, said: “In order to meet our growth targets it was essential that we deploy a system which was fit for purpose, easy to use and flexible. We needed a system which would give us the tools to manage risk globally, with clear visibility across the whole business. Our challenge was to find the right product platform and partner for the next phase of our growth. We are very pleased to partner with Eka and impressed with what has been achieved. We look forward to ongoing benefits from this project.”
Because of the size of the implementation, GrainCorp and Eka are adopting a multi-phased approach, with Eka teams working with GrainCorp’s offices in Australia, Germany and Canada. To meet the specific requirements of this project, Eka developed a number of tailored enhancements to its trading and risk system. The Australian implementation will initially see close to 100 users of the Eka system trading wheat, barley, canola, pulses and oilseeds, with international offices to follow.
Manav Garg, founder and CEO of Eka, said: “We’ve been working with GrainCorp for two years, and they’re a great client to work with. They knew their legacy systems would not allow them to maximize the opportunities and support global expansion in the grain markets. Their choice of Eka is a tremendous endorsement of our expertise in the complexities of physical commodities and recognition of our commitment to form true partnerships with our clients for development, implementation and ongoing support. I’m pleased to say that Eka has developed a strong reputation as the go-to company for global commodity trading and risk management technology.”