Eka Software Solutions, the number-one cloud platform for commodity management, has announced the release of its COVID-19 Risk Monitoring – a free app designed to help customers and prospects quickly gain visibility into supply chain risks in order to better assess and mitigate risk.

The app provides specific insights into the impact of COVID-19 by showing a firm’s contract position across countries with reported cases of the virus. Based on company data, the app instantly visualises contracts at risk and provides businesses with the ability to identify alternate suppliers to maintain business continuity. 

Responding faster and smarter to market disruptions

As authorities around the world race to contain Coronavirus, governments, companies, and consumers are bracing for global economic fallout. As efforts to contain the pandemic start to hammer the global economy, the UN’s trade and development agency (UNCTAD) predicts  the financial impact could soar to US$2 trillion.

Within such a context, creating a digital supply chain has never been more critical. Nothing demonstrates the value of a digital business more than a crisis that requires the analysis of large amounts of real-time data, advanced analytics, and a connected supply chain, so as to be able respond faster and smarter to market disruptions.

“Businesses are facing unparalleled challenges as governments make unprecedented decisions on how to contain the virus and protect their citizens, clients and family members,” said Manav Garg, CEO and Founder of Eka Software Solutions. “We are committed to helping commodity businesses through this period of intense disruption. As soon as we realised the impact of the virus, we turned our resources to create a new app to help mitigate the risk to businesses and supply chains. Our new COVID-19 Risk Monitoring app is available free of charge for 90 days.”

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