Case Study: Superior Essex improves global commodity risk management with Eka

Smart CM for Metal Processors and Fabricators

Superior Essex, a global metal processor and fabricator, was struggling to manage commodity trading and price risk across North America, Europe, and China using disconnected spreadsheets and inconsistent local processes. The company also needed to move from US GAAP/FAS 133 to IFRS-compliant hedge accounting while integrating a new ERP system. To address these challenges, Superior Essex selected Eka’s Smart Commodity Management platform for metals.

Eka implemented its Metals solution across multiple locations, including hedge accounting, derivatives trading, analytics and reporting, and ERP integration. The platform standardized hedge accounting globally, enabled trade designation at creation, automated prospective and retrospective hedge effectiveness testing, and provided real-time consolidated visibility into open positions. As a result, Superior Essex eliminated custom spreadsheets, improved compliance with IFRS requirements, and gave senior management daily access to risk positions instead of waiting for monthly reports.

Superior Essex

Scott Wilde

Vice President Strategic Global Resources