Bangalore, February 09, 2022 (GPN): 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’s also
  accomplished a record-setting
  16 enterprise client implementations, 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. Eka’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, and e-sourcing,
  solidifying its reach across virtually all aspects of the payments
  process. Additionally, Eka continued to enhance its CTRM
  and ETRM solutions with
  deeper functionalities across origination and risk enabling customers to
  accelerate their business transformation across agriculture, energy, CPG,
  and metals and mining businesses.

 

• 30new wins across existing and new customers: As demand for digitaltransformation across disciplines and sectors continued to accelerate, Ekareported 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 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 types of 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.Ends