Bangalore: Eka Software Solutions, the leading enterprise cloud platform for commodity and supply chain management, today announced key metrics to close out 2021. Continued growth and business expansion of the company stem from a record number of 16 remote client implementations, the introduction of new product lines and the growth of the global workforce.
Main growth indicators:
16 companies are provisioned remotely on Eka’s cloud platform: With the global demand for resilience and efficiency continuing to increase in rapidly changing market conditions, Eka has also achieved a record number of 16 enterprise client implementations, reflecting its commitment to adapting to challenging environments and compressed deadlines. . Customers recently using Eka’s cloud-based solutions as the foundation of their extended enterprise systems include recognizable global companies such as Alvean, Vibra Energy and many others, representing over 600 new users in total. Overall, Eka’s cloud platform now supports over 5,000 users worldwide.
Expanded product portfolio: Beyond the record number of implementations, 2021 proved to be a transformational year for Eka. Eka’s foundation and origins as an enterprise CTRM solutions provider have evolved to now include dynamic technology solutions for C-suite professionals, including CFOs. In line with its mission to unify critical business processes, from sourcing to payments, Eka has launched new solutions for treasury, sustainability and ESG reporting, as well as e-procurement, strengthening its reach across virtually all aspects of the payment process. In addition, Eka continued to enhance its CTRM and ETRM solutions with deeper origination and risk functionality, enabling customers to accelerate their business transformation in agriculture, energy , CPG, metals and mining.
30 new contracts won with existing and new customers: As demand for digital transformation across disciplines and sectors continued to accelerate, Eka announced 30 new contracts, including a number of leading companies in the sectors agriculture, energy, metals and mining. The company has made significant progress in the areas of treasury, risk and compliance, F&B manufacturing and sustainability by adding some of the world’s leading brands in this area to its client roster.
Global headcount growth: Driven by growing demand for its platform-based solutions and new market opportunities through its new solutions, Eka also grew its headcount throughout the year. To 660, Eka’s global workforce grew by 25% across engineering, product development, delivery and support to help customers achieve their business goals.
Manav Garg, CEO and Founder of Eka Software Solutions, said: “In 2021, global enterprises faced greater challenges than ever, from supply chain disruptions to large-scale ransomware attacks and cybersecurity threats. These types of challenges demonstrate how critical it is for businesses to rely on a unified platform with built-in flexibility to quickly prepare for and respond to anything that might arise.
Garg continued, “Eka enters 2022 with significant tailwinds, thanks in large part to our talented team of professionals who consistently deliver superior solutions and service. The expansion of our platform in 2021 along with our continued investment in enabling fully remote and seamless implementations and support has provided a launchpad for continued success and growth in the years to come.
Eka’s growth reflects the strong business performance that is expected to continue given the accelerated push towards cloud adoption in markets around the world. To date, Eka’s cloud platform has been leveraged by the world’s largest enterprises, but continued enhancements and expansion of its platform will allow Eka to also target mid-market enterprises from 2022.