Eka supply chain solutions provider goes on a hiring spree
It seems to only make sense that after one very complex year, , the leading cloud platform for supply chain management that helps supply chain and financial management overcome complex challenges, has announced plans to increase its global headcount with more than 100 new hires. The new hires result from the growth Eka has experienced in its commodity and direct materials sectors and represents a 25 per cent increase to its workforce.
Investing nearly 30 per cent of its profits into research and development, Eka holds a strong focus on innovation. And it’s paid off. Over the next ten months, the company plans to expand its employee base across product development, sales, delivery and support.
2020 was a banner year for Eka. Thanks to increasing demand for digitisation, and a heightened need for resiliency, Eka added $70 million in Total Contract Value (TCV) and enjoyed a 60% increase in Annual Contract Value (ACV).
Earlier this year, Eka took an innovative cloud-based approach to helping organisations accelerate digital transformation and build resiliency quickly through automated workflows. Mission Digital is a user friendly interface that enables collaboration and unifies employees, processes and technology, allowing instant access to suppliers and buyers across a global supply network.
Rajesh Jagannathan, Eka Chief Operating Officer, said, "Eka is focused on redefining the digital experience for our customers by delivering an end-to-end platform for commodities and direct materials across agriculture, energy, metals and mining. As we ready ourselves to deliver an expanded product offering, we are actively growing our team to meet the needs and exceed the servicing expectations of our discerning customer base."
Eka will also be adding more offerings on its Cloud Platform, including enhanced commodity trading & risk management (CTRM) solutions and E-sourcing for direct material procurement.
Looking to help its customers solve yet another massive supply chain challenge, Eka will be launching a suite of sustainability and ESG solutions to help mitigate risks and visualize ethical sourcing and carbon emissions and monitor against strategy in the use of energy and resources.