Eka unifies Procurement to Payment processes with launch of Treasury Management Solution
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
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