Eka’s Digital CM Platform is a product grouping that includes traditional trading and risk management solutions (for energy, ags, or metals), commodity management (CM) extension (including sourcing, operations and collaboration), and a cloud-based analytics and reporting solution (first announced in 2015 and referred to in previous ComTech Analyst notes as the “Commodity Analytics Cloud”). The various components – including the TRM products and the cloud-based analytics/reporting solution – are separable and available for licensing jointly or as discrete applications.
The company’s cloud solution leverages the now familiar concept of “apps” to provide high-value functional, analytic and reporting capabilities across multiple commodities and industries. With an API to the underlying transaction capture system (either Eka’s, or one or more competing solution), the cloud-based platform aggregates data into a NoSQL database, facilitating rapid processing of all types of data – both structured and unstructured. Additionally, the solution employs a cloud-based in-memory database to ensure rapid data processing and return of critical information and insights.
*Please note: This press release was originally published under Eka Software Solutions. As of the publication date, Eka is now known as Quoreka. Any prior Eka content has been updated to reflect Quoreka's current branding and offerings.
