PR88111

NEW YORK, Feb. 18 /PRNewswire=KYODO JBN/

- Eka grew 60% in Annual Contract Value in 2020 as enterprises adopted new

digital capabilities on its Cloud Platform

    Eka Software Solutions [https://eka1.com/], the leading cloud platform for

commodities and direct materials [https://eka1.com/platform/] today announced

stellar growth as customers selected its cloud platform to enhance supply chain

resiliency. With a strategic focus on customers, Eka recently revamped its

technology platform to align to their priorities, resulting in new solutions

and significant growth of over US$ 70 million in TCV.

    Throughout 2020, enterprises sought to digitalize their supply chain and

end their reliance on legacy systems. Business leaders now understand that the

ability to connect the dots between systems, data and people is key to

maintaining continuity, remain competitive and ensure sustained growth.

    Eka is leading this shift with the only Cloud Platform built to accelerate

digital transformation for enterprises in direct materials and commodity supply

chains. The cloud company recently introduced an integrated suite of solutions

[https://eka1.com/supply-chain/] to help customers mitigate risk and respond

quickly in volatile markets. With real-time visibility and automation of

critical processes, customers can dynamically adjust operations and better

manage disruptions.

    "Businesses have significantly accelerated their move to digital. Our

customers demanded new ways of working and best of breed technology and we were

ahead of the curve. Our Cloud Platform and deep industry talent allowed us to

respond swiftly and deliver on our customers' key priorities, while helping

them maintain business continuity and gain tangible value," said Manav Garg,

CEO and Founder, Eka Software Solutions.

    In 2020, Eka quickly adopted a remote implementation methodology leading to

100% delivery of 20 new projects remotely amidst the COVID-19 lockdown that

included customers such as Cargill, Alvean,  Mex Gas International, Fujax, CHS

Broadbent and TPorts [

https://eka1.com/news/eka-software-successfully-implements-new-projects-on-its-cloud-platform-through-remote-methodology/].

    Eka was also recognized by Risk Market Technology Awards [

https://eka1.com/news/ekas-cloud-platform-wins-risk-markets-technology-awards-best-commodities-trading-system/]

as the best trading system for commodities and ranked among the top five energy

solutions provider by Chartis research [

https://eka1.com/news/chartis-ranks-eka-among-leading-energy-vendors-for-second-year-in-a-row/].

    As part of its continuous innovation philosophy, Eka invested 30% of its

revenues on its Cloud Platform in line with customers' priorities and future

technologies. Key focus areas include E-sourcing, Financial Management,

Sustainability and Direct Material Procurement.

    About Eka

    Eka is a global leader in providing solutions to digitize direct materials

businesses. Its Cloud Platform enables businesses to quickly adapt and overcome

complex challenges in supply chain and financial management. Read more at

www.eka1.com.

    Media Contact:

    Sharmita Mandal

    Head Global Communications

    Eka Software Solutions

    Sharmita.mandal@eka1.com

    Source - Eka Software Solutions