Eka Software Solutions [https://eka1.com/], 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.

    Eka's Cloud Platform now provides enterprise applications and integrations 
for procurement, trading & risk, supply chain, , compliance, treasury and 
sustainability reporting. Over the past twelve months, Eka also introduced an 
e-sourcing [https://eka1.com/e-sourcing/] solution to help businesses connect 
digitally with suppliers and customers. 

    Eka's Treasury Management Solution overview

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

    Key Features:

    - Cash Management: Standardize, centralize 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 
optimize 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.

    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. With over 550 employees, Eka supports more than 100 customers globally 
and has proven industry expertise in helping customers achieve digital 
transformation, solving complex business challenges in an environment of 
continuous change. Read more at www.eka1.com.

    Contact:

    Sharmita Mandal 
    Head Global Communications, Eka Software Solutions  
    Sharmita.mandal@eka1.com  

    Source: Eka Software Solutions