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Eka wins new contracts

Published by , Senior Editor
Hydrocarbon Engineering,

Eka, a leading provider of software solutions for commodity and energy trading, announced today three more energy companies have selected its ETRM solution.

The three new clients include Middle East based energy trading company Beneathco, a US-based supplier of fuel for the New York Metropolitan Area, and an energy consulting development company focused on logistics and midstream solutions.

Eka's ETRM solution was chosen because it provides greater financial visibility, a centralised location for business intelligence that eliminates data silos, and comprehensive hedging and risk management. The state-of-the-art platform also enables intelligent use of Cloud, Machine Learning and Blockchain technologies.

Beneathco’s rapid expansion in the distribution of refined products required a system with sophisticated logistics management to help them understand their position and mark to market in real-time. The company needed the system to be implemented rapidly.

Eka’s capabilities and energy expertise enabled them to create an implementation plan in less than a week, ensuring Beneathco will maximise customer service, improve profitability, and gain tighter control of its business.

Manav Garg, CEO & Founder of Eka, said: “Being chosen by commodity companies to help with their business efficiency is the ultimate industry recognition for Eka. We are pleased to add three more energy companies to our growing portfolio of ETRM wins since early this year, and look forward to working with them to help grow their businesses. Our goal is to deliver excellence to our clients and exceed their expectations."

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