Eka and Enverus Team to Speed Energy Trading Risk Management and Decision-Making
PR92122
NEW YORK and AUSTIN, Texas, Oct. 5, 2021 /PRNewswire=KYODO JBN/ --
Eka Software Solutions, the leading cloud platform for digital innovation,
today announced a collaboration with Enverus, the leading global energy data
analytics and SaaS technology company to provide energy traders new solutions
for improved risk management and decision-making.
Eka will offer a pre-built connector on its Energy Trading and Risk
Management Platform for seamless access to Enverus' MarketView and CurveBuilder
data, including forward curves, settlement prices and foreign exchange. The
combination can accelerate project implementations and results by linking
Enverus's data API with a cloud data warehouse to integrate disparate data,
tools and analytics into one repository.
"Customers trading in energy markets need timely market data to manage
their P&L, settlements, run risk reports, and more," says Manav Garg, CEO, Eka.
"We're excited to work with Enverus to help energy businesses make more
informed decisions and improve risk reporting."
"Instead of building a one-off interface that would have to be managed by
an in-house IT team, we have rolled out a pre-built connector between Enverus'
Trading & Risk Solutions and Eka," said Simon Crisp, Enverus Trading & Risk
General Manager. "For an energy business, a pre-built connector expedites and
de-risks implementation and reduces the long-term support requirements of their
market data and ETRM connection."
The speeds at which energy traders can access and understand data is
crucial to their ability to respond to disruptive events, set strategy and
achieve growth.
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. See: eka1.com.
About Enverus
Enverus is the leading energy SaaS company delivering highly-technical
insights and predictive/prescriptive analytics that empower customers to make
decisions that increase profit. Enverus' innovative technologies drive
production and investment strategies, enable best practices for energy and
commodity trading and risk management, and reduce costs through automated
processes across critical business functions. Enverus is a strategic partner to
more than 6,000 customers in 50 countries. Learn more at Enverus.com.
Media Contacts:
Eka: Sharmita Mandal sharmita.mandal@eka1.com
Enverus: Jon Haubert | 303.396.5996
Source: Eka Software Solutions
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