NORWALK, CONNECTICUT, U.S. – Eka Software Solutions, a global provider of digital commodity management systems, was named 2018’s best provider in the “Innovative finance” category at the Global Grains Conference in Geneva, Switzerland.
Eka won the award for its Digital Commodity Management (CM) Platform that is disrupting the agriculture industry by digitizing the value chain with powerful “out of the box” apps. Driven by machine learning algorithms, these apps allow agribusinesses to manage their risk better with around the clock breach alerts and in-built chat that help traders collaborate better and maximize profits.
Eka said it is witnessing revolutionary growth on its Digital CM Platform with over 20 commodity businesses switching to app-based workflows. These new customers span all geographies and industries, including industry disruptors like Farmer Business Network and Indigo, co-ops like Foremost Farms and Tereos, trading operations, and government bodies like Coffee Board of India.
Eka’s said its apps help these businesses manage trade and risk, govern quality, trace food origin and provide better services to farmers, thus empowering them to grow more with less. The app-based platform goes live in just weeks, fueling rapid business growth.
The Global Grain Awards recognize excellence in the global grains and oilseeds community. Entries for the award are assessed by an independent judging committee and ranked against strict award criteria.
The judges chose Eka for:
· Demonstrating strong volume of activity in the grains and oilseeds market with evidence of strong customer service
· Enabling commodity businesses to uncover new ways of managing profitability across the value chain, while retaining the ability to evolve with market dynamics and their influences
· Building an intelligent TRM platform enabling traders to better understand their position and mitigate risks
· Building a future-ready software solution
Commenting on the award, Manav Garg, chief executive officer and founder of Eka Software, said: “We are honored to receive the 2018 Innovative Finance Award at Global Grain. It is a testament to our vision to disrupt the commodity industry, enabling it to get future ready, and a demonstration of the commitment and dedication of Eka’s team and their relentless pursuit of excellence.”