Eka Software Solutions, a cloud-based enterprise software provider, has announced the launch of Eka Treasury Management. The financial management solution is designed to provide CFOs with a unified and timely view into the enterprise data that 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 and risk, supply chain, sustainability, and financial management.

Building on business-critical processes

For nearly 20 years, Eka has supported 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, the firm says it 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 treasury solution offers tools and functionality to control cash, liquidity and risk positions, manage compliance and working capital, and perform hedge accounting.

"Over the last decade, we have seen a significant shift in the scope and demands of the CFO office due to globalisation, increasing regulatory requirements, and the speed of technology innovation," commented Manav Garg, founder and CEO of Eka. "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."

Solution overview

Eka’s Cloud Platform now provides enterprise applications and integrations for procurement, trading and risk, supply chain, compliance, treasury and sustainability reporting. Over the past twelve months, the firm also introduced an e-sourcing solution to help businesses connect digitally with suppliers and customers.

Built on Eka’s Cloud Platform, the Treasury Management Solution’s (TMS) architecture is seeded with pre-built connectors to facilitate the consolidation of data from disparate systems and speed solution deployment. Its key features include:

Cash management

Standardise, centralise 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 optimise 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.