Amid significant growth in its commodity and direct materials businesses, Eka Software Solutions, the leading cloud platform for supply chain management, will dramatically increase its global headcount with more than 100 new hires, representing a 25 percent workforce increase.
Eka’s expansion results from an increasing number of commodity management and direct materials enterprises selecting Eka’s Cloud Platform to digitize their supply chains and enhance their resiliency.
With increasing demand for digitalization and end-to-end, cloud-based solutions, Eka experienced a banner year for growth in 2020, achieving a 60% increase in Annual Contract Value (ACV) while adding $70 million in Total Contract Value (TCV).
Eka has a strong focus on product innovation, injecting nearly 30 percent of its profits into research and development. With organic customer growth, combined with new market opportunities through its product roadmap, Eka will expand its customer-facing workforce across product development, sales, delivery and support over the next ten months.
Rajesh Jagannathan, Eka Chief Operating Officer said the company’s rapid growth coincides with an inflection point within the commodity and direct materials space, as companies increasingly shift towards digital solutions for greater resilience and control.
In the coming months, in line with its goal to provide best-in-class, integrated supply chain solutions to customers, Eka will add more offerings on its Cloud Platform. This includes enhanced commodity trading & risk management (CTRM) solutions and E-sourcing for direct material procurement to help customers improve business resiliency. With increasing focus on ESG reporting and management, Eka will also launch a suite of new sustainability and ESG solutions to visualize ethical sourcing and carbon emissions, monitor strategic use of energy and resources, reduce compliance risk and maintain best practice employee health and safety.
Earlier this year, Eka also rolled out Mission Digital, a comprehensive business and technology strategy to accelerate digital transformation for its customers.Through an agile platform, Eka applies an innovative cloud-driven approach that delivers:
- a completely automated workflow to drive business resiliency;
- a simplified interface to support new ways of bringing employees, processes, and technology together in one place; and
- instant access to multiple buyers and suppliers across the global supply chain.
About Eka Software Solutions
Eka Software Solutions is a global leader in providing innovative solutions that help customers digitize and improve their direct materials business functions across agriculture, energy, metals, mining, and manufacturing industries. Built to accelerate customer’s digital journey to the cloud, Eka’s platform-driven solutions enable businesses to quickly adapt and overcome complex challenges in trading and risk, supply chain, business collaboration and financial management. With over 400 employees, Eka supports more than 100 customers globally and has proven industry expertise in helping customers achieve digital transformation, solving complex business challenges in an environment of continuous change. Read more at www.eka1.com.
