Eka Treasury Management, a powerful financial management solution that provides CFOs with a unified and timely view into enterprise data, is critical to understanding the true state of a company's cash flows, liquidity positions, and foreign exchange (FX) risk, was launched by Eka Software Solutions, a cloud-based enterprise software provider.

Eka Software Solutions is a global leader in cloud-based solutions that integrate a wide range of activities, from procurement to payments. Customers can use its platform-based solutions for commodities and supply chain management, source-to-pay, treasury, and sustainability to address difficult challenges and speed their digital journey in an ever-changing environment.

Control cash, liquidity, and risk positions, manage compliance and working capital, and perform hedge accounting with this solution's market-leading capabilities and functionality.

Eka's Cloud Platform now offers sophisticated enterprise solutions and connectors for e-sourcing, trading and risk, supply chain, sustainability, and financial management.

Enterprise applications and integrations for procurement, trade & risk, supply chain, compliance, treasury, and sustainability reporting are now available on Eka's Cloud Platform.

“Globalization, rising regulatory requirements, and the speed of technological innovation have all contributed to a major shift in the scope and responsibilities of the CFO office during the previous decade. Today's CFOs are not only in charge of the company's financial health, but they are also directing the company's strategy in a considerably more strategic way”, says Manav Garg, Founder and CEO, Eka.

Eka also launched an e-sourcing solution in the last year to assist businesses communicate digitally with suppliers and customers.

The Eka Treasury Management Solution (TMS) is seeded with pre-made connectors to enable the unification of data from diverse systems and accelerate solution setup. It is built on Eka's Cloud Platform.

Cash Management: Standardize, centralize, and automate cash management across several currencies to ensure correct bank statement reconciliation, timely payments, and appropriate cash availability.

Liquidity Management: As a single source for liquidity management and control, you'll have complete visibility into your cash projection and liquidity situation, allowing for more transparency, accuracy, and reliability.

Risk Management: To optimize hedging strategy by balancing future volatility and exposure uncertainty, identify, measure, reduce, and limit market risk.

Working Capital Management: For net working capital management, get a granular and transparent view of critical working capital KPIs and metrics.

“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 launch 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”, adds Manav.