Traxys Selects Eka Software Solutions

Eka Software Solutions, a provider of commodity software, has announced that the Traxys Group has selected Eka for its global trading and risk management software solution across base metals, concentrates, minor metals, ferro-alloys, industrial chemicals, rare earths and energy products.

Traxys is a global player in the marketing and sourcing of metals, minerals and energy products to a wide range of mining and industrial partners. Operating from over 20 offices around the globe, Traxys provides an array of financial and commercial services to its customers, all with the objective of lowering risk, reducing working capital requirements, achieving speed to market, and bringing transparency to a transaction.

Harry F Weyher III, Chief Financial Officer of the Traxys Group, said, “Our challenges in the software selection process were threefold: first, finding a solution that had the depth of functionality to meet our diverse business needs; second, ensuring that the technology was current and modern in order to secure our investment over the long term; and third, identifying a company that had the capability, commitment and vision to be a long-term partner for us. After evaluating several alternatives, we came to the conclusion that Eka alone met all of our criteria – product functionality, modern technology, and an organisation that displays industry expertise and a track record in delivering a solution across our diverse businesses. We look forward to making Eka our global software solution.”

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With the Eka solution, Traxys will benefit from a single, fully-integrated system that links all commodities, offices and businesses across front-, middle- and back-office functionalities. Eka’s solution will provide Traxys with real-time information on positions, inventory, risk management and profit and loss analysis. EKA will be deployed globally across the Traxys network and will further provide senior management with improved analytical tools and real-time data with which to serve its counterparts.