- 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