Bangalore, 26 April 2010

Eka Software Solutions, the leading provider of Commodity Trade and Risk Management [ CTRM] software, today announced that it has successfully completed implementation of its CTRM solution for Medsofts, a leading grain trader. As a fast growing business in an increasingly complex and high-risk environment, Medsofts was seeking a CTRM solution that would be quick to implement and help automate and streamline the business with minimum disruption. With Eka, Medsofts has not just achieved this, but also benefited from industry best practices and controls present within the Eka system, and a technology platform to carry them through the long-term.

Medsofts can now conveniently monitor and control their entire business on the Eka’s straight through processing (STP) solution. Easy data entry ensures all information is captured and reported efficiently. Positions are always in real time, the operations team is able to track current and planned shipments far more efficiently, tracking vessels and deliveries is far more streamlined, hedging is more effectively managed. In addition, Medsofts benefits from Eka’s business intelligence tools, accurate P&L reporting and Risk management of Physical and Financial trading.

“We are very pleased with this implementation”, said Mr. Salah Tawfik, Chairman, Medsofts Group. “We have been able to go live in the time frame committed to us. I would like to commend the Eka team for their professional approach, flexibility and efficient internal processes that ensured zero slippages, timely execution and 100% control. In this short period of time, we are already realizing the benefits of the Eka platform – complete visibility, control and answers on our business, helping us take better and more informed decisions.”

“At Eka, we are proud of our deep customer focus, we understand real customer and business issues, and carry out our work with these considerations in mind. We are modeling ourselves by incorporating practices from the best IT and consulting vendors, and I’m pleased that our customers are finding the difference in our approach as we interact with them and implement our solutions” said Manav Garg, CEO & Founder, Eka Software Solutions.

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