PR91964

NEW YORK, September 28, 2021 /PRNewswire=KYODO JBN/ --

    Eka Software Solutions [https://eka1.com/], a cloud-based enterprise

software provider, today announced the launch of Eka Treasury Management, a

powerful financial management solution that provides CFOs with a unified and

timely view into enterprise data which is critical to understanding the true

state of a company's cash flows, liquidity positions and foreign exchange (FX)

risk. With this launch, Eka's Cloud Platform now provides powerful enterprise

solutions and integrations that unify critical business processes across

e-sourcing, trading & risk, supply chain, sustainability and financial

management.

    For nearly 20 years, Eka has been helping its commodities, direct materials

and manufacturing clients navigate supply chain risk, frequent market

disruptions and increased volatility with its comprehensive cloud-based

platform. With the addition of Treasury, Eka can deliver on its mission to

unify its clients' critical business processes from procurement to payments and

provide finance teams and front-line managers with the information they need to

make the right decisions at the right time.  

    The solution offers market leading tools and functionality to control cash,

liquidity and risk positions, manage compliance and working capital, and

perform hedge accounting.

    Manav Garg, Eka CEO and Founder said, "Over the last decade, we have seen a

significant shift in the scope and demands of the CFO office due to

globalization, increasing regulatory requirements, and the speed of technology

innovation. Today's CFOs are not only responsible for the company's financial

health, but they are also playing a far more strategic role in guiding their

company's strategy."

    "The operational and environmental challenges of the past two years

heightened our conviction of the pressing need to reorient our platform to

better meet the needs of CFOs. The introduction of Eka Treasury Management

marks an important step in our evolution as a company as we strive to deliver

the world's most comprehensive, deterministic platform for business leaders

across the energy, manufacturing, mining and metals industries," Manav said.

    Eka's Cloud Platform now provides enterprise applications and integrations

for procurement, trading & risk, supply chain, , compliance, treasury and

sustainability reporting. Over the past twelve months, Eka also introduced an

e-sourcing [https://eka1.com/e-sourcing/] solution to help businesses connect

digitally with suppliers and customers.

    Eka's Treasury Management Solution overview

    Built on Eka's Cloud Platform, the Eka Treasury Management Solution's (TMS)

unique architecture is seeded with pre-built connectors to facilitate the

consolidation of data from disparate systems and speed solution deployment.

    Key Features:

    - Cash Management: Standardize, centralize and automate cash management

enabling accurate bank statement reconciliation, timely payments and adequate

cash availability across multiple currencies.

    - Liquidity Management: Gain full visibility into cash forecast and

liquidity position enabling higher transparency, accuracy and reliability as a

'single source' for liquidity management and control.

    - Risk Management: Identify, measure, mitigate and control market risk to

optimize your hedging strategy by balancing future volatility and exposure

uncertainty.

    - Working Capital Management: Gain a granular and transparent view of

critical working capital KPI's and metrics for management of net working

capital.

    About Eka Software Solutions

    Eka Software Solutions is a global leader in providing innovative, cloud

solutions that unify a whole range of workflows from procurement to payments.

Its platform driven solutions for commodity and supply chain management,

source-to-pay, treasury and sustainability help customers to overcome complex

challenges and accelerate their digital journey in an environment of continuous

change. With over 550 employees, Eka supports more than 100 customers globally

and has proven industry expertise in helping customers achieve digital

transformation, solving complex business challenges in an environment of

continuous change. Read more at www.eka1.com.

    Contact:

    Sharmita Mandal

    Head Global Communications, Eka Software Solutions  

    Sharmita.mandal@eka1.com  

    Source: Eka Software Solutions