India, Bangalore, September 28, 2021: Eka Software Solutions, 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.
