Press Release: New York, June 30, 2020: Asia’s biggest sugar and bio-energy producer, Mitr Phol, has selected Eka’s cloud-native platform to manage risk across its global hedging and pricing portfolios. The investment in new technology was part of Mitr Phol’s move to add more value to sugarcane in line with the Thai government’s ambitious targets for growth in the coming years. Following a review of potential solutions, Mitr Phol chose Eka’s cloud platform for its functionality, flexibility and ease of use. With six sugar mills located in Thailand and a total crushing capacity of around 20 million tons of cane per annum, Mitr Phol is the world’s third largest sugar producer. A growing business, Mitr Phol sought a solution to improve the efficiency of its operations while reducing operating costs. Prior to selecting Eka’s cloud platform, the business was using SAP’s ERP system and spreadsheets to manage its hedging and pricing portfolios. The existing setup could no longer support the complex pricing models of Mitr Phol’s growing sugar trade. They needed a solution that was easier to scale without incurring the cumbersome and expensive process of ERP customization to address Mitr Phol’s dynamic business needs. Ittaya Sirivasukarn, Chief Digital and Technology… continue reading
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Source: CTRM Center