Eka’s next generation energy trading and risk management (ETRM) software solution to manage Sierentz’s expansion into natural gas trading and marketing.
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that Sierentz Energy has selected Eka’s InSight CM® platform to manage trading, position, risk, scheduling, and settlement for natural gas.
Eka’s ETRM solution provides real-time position, exposure, and risk management to efficiently run operations and meet reporting and auditing requirements. The solution will streamline the flow of information throughout the organization and ensure front, middle, and back office personnel have timely information to make the best decisions. Sierentz needed a platform that would meet current requirements and cost-effectively scale to meet future growth needs.
“Eka has become the clear choice for energy companies amongst the ETRM software vendors,” said Andrew Bout, general manager, energy at Eka. “Our functionality is much more advanced than competitors, from simple back-to-back matching of trades to support for extremely complex itineraries that have multiple legs and multiple modes. Eka’s ETRM software improves operating margins by more accurately forecasting the volume of natural gas required by processing and power generation plants. Eka’s software reduces expenses by tracking costs throughout the entire product lifecycle from production to sale using the netback feature. We are pleased to welcome Sierentz as a new customer.”
Eka has received industry recognition for its fully integrated ETRM software solution; the company was named a Major Player in the IDC MarketScape: Worldwide ETRM Software Vendor Assessment.
Eka’s energy solutions manage financial derivatives and physical contracts for crude and refined products, natural gas, natural gas liquids (NGL), liquefied natural gas (LNG), power, coal, and biofuels. Eka’s best-of-breed ETRM solutions provide greater control over trading, risk management, and the supply chain of energy businesses than first-generation energy trading and risk management software. In addition, Eka’s advanced analytics solutions enable customers to seamlessly integrate disparate data and make fact-based decisions providing a competitive advantage.
Eka is the global leader in providing Smart Commodity Management software solutions. Eka’s analytics-driven, end-to-end Commodity Management platform enables companies to efficiently and profitably meet the challenges of complex and volatile markets.
The company’s best-of-breed solutions manage commodity trading, enterprise risk, compliance, procurement, supply chain, operations, logistics, bulk handling, processing, and decision support. Eka partners with customers to accelerate growth, increase profitability, improve operational control, and manage risks and exposures.
Eka is a team of 315 staff with offices in the Americas, Asia, Australia, and EMEA, serving a rapidly growing global client base across multiple commodity segments.