PR94470

NEW YORK, Feb. 9, 2022 /PRNewswire=KYODO JBN/ --

    Eka Software Solutions, the leading enterprise cloud platform for commodity

and supply chain management, today announced key metrics to close out 2021. The

company's continued growth and business expansion stem from a record-setting 16

remote customer implementations, introduction of new product lines and increase

in global workforce.

    Key growth metrics:

•        16 enterprises go live remotely on Eka cloud platform: With global demand for

resilience and efficiency continuing to rise amid fast-paced market conditions,

Eka accomplished a record-setting 16 enterprise client

implementations[https://eka1.com/news/cloud-based-solutions-provider-eka-completes-record-16-product-implementations-in-2021/ ], reflecting its commitment to

adapting to challenging environments and compressed timelines. Clients newly

leveraging Eka's cloud-based solutions as the foundation for their extended

enterprise systems include recognizable, global enterprises such as Alvean,

Vibra Energy and more, accounting for more than 600 total new users. Overall

Eka's cloud platform now supports over 5,000 users worldwide.

•        Expansion in product portfolio: Beyond the record-setting number of

implementations, 2021 proved to be a transformative year for Eka. The company's

foundation and origins as an enterprise CTRM solution provider has evolved to

now include dynamic technology solutions for professionals across the C-suite,

including CFOs. In line with its mission to unify critical business processes

from procurement to payments, Eka launched new solutions for treasury,

sustainability and ESG reporting

[https://eka1.com/news/cloud-based-solutions-provider-eka-unveils-sustainability-and-esg-reporting-solution/], and

e-sourcing[https://eka1.com/news/eka-unveils-e-sourcing-a-cloud-based-source-to-pay-solution-to-drive-a-new-era-of-digitalization-in-supplier-management/ ],

solidifying its reach across virtually all aspects of the payments process.

Additionally, Eka continued to enhance its CTRM and ETRM solutions

[https://eka1.com/trading-and-risk/ ] with deeper functionalities across

origination and risk enabling customers to accelerate their business

transformation across agriculture, energy, CPG, and metals and mining

businesses.

•        30 new wins across existing and new customers: As demand for digital

transformation across disciplines and sectors continued to accelerate, Eka

reported 30 new wins which include a number of high-profile companies across

agriculture, energy, metals and mining industries. The company made significant

headways into treasury, risk and compliance, F&B manufacturing and

Sustainability[https://eka1.com/news/cloud-based-solutions-provider-eka-unveils-sustainability-and-esg-reporting-solution/  ] as it added some of the world's

leading brands in this space to its client roster.

•        Growth in global headcount: Spurred by growing demand for its platform-driven

solutions and new market opportunities through its new solutions, Eka also grew

its workforce through the year. At 660, Eka's global employee strength

increased by 25% across engineering, product development, delivery and support

to help customers achieve their business objectives.

    Manav Garg, CEO and Founder of Eka Software Solutions, commented: "In 2021,

global enterprises were presented with more significant challenges than ever

before, from supply chain disruptions to high-profile ransomware attacks and

cybersecurity threats. These challenges demonstrate how critical it is for

firms to rely on a unified platform with built-in flexibility to prepare for

and quickly address anything that may arise."  

    Garg continued, "Eka enters 2022 with significant tailwinds thanks in large

part to our talented team of professionals that consistently deliver superior

solutions and service. The extension of our platform in 2021 along with our

continued investment to enable fully remote and seamless implementations and

support has provided a launching pad for continued success and growth in the

years to come."

    Eka's growth reflects the strong business performance which is expected to

continue given the accelerated push towards cloud adoption in markets

worldwide. To date, Eka's cloud platform has been leveraged by the world's

largest enterprise firms, but continued enhancements and extension of its

platform will enable Eka to target middle-market enterprises as well beginning

in 2022.

    About Eka Software Solutions

    Eka Software Solutions is a global leader in providing innovative, cloud

solutions that unify a whole range of workflows from procurement to payments.

Eka supports more than 100 customers globally and has proven industry expertise

in helping customers achieve digital transformation in an environment of

continuous change. Read more at www.eka1.com. [http://www.eka1.com/ ]

    Media Contact:

    Sharmita Mandal

    Head Global Communications, Eka Software Solutions  

    Sharmita.mandal@eka1.com

    Source: Eka Software Solutions