–Eka Introduces E-Sourcing, a Cloud-Based Source Payment Solution to Drive a New Era of Digitization in Vendor Management
– Eka’s cloud platform provides a unified solution to manage purchases, payments, contracts and collaborate across the entire supplier network
Cloud-based software provider Eka aims to transform legacy-based supply chain workflows with the introduction of its Powered E-Sourcing solution platform that offers a new standard in collaboration, transparency, efficiency and quality assurance in a wide range of business functions and industries.
Managing vendor operations with legacy tools often involves spending hours exchanging emails and phone calls, and using spreadsheets to update data, resulting in limited visibility and costly errors. Eka E-Sourcing addresses these challenges with a platform-driven cloud solution that recognizes and resolves the main pain points in sourcing operations while improving supply chain resilience.
Based on Eka’s extensive experience in commodity automation and direct materials supply chain, E-Sourcing is a world-class solution that offers a unified interface, creating mutual visibility and accountability between companies and suppliers. With seamless integration with ERP, the solution provides real-time visibility from a single source and enables companies to respond in time to avoid supply disruptions.
Eka E-Sourcing addresses highly nuanced requirements from agriculture, energy, food, mining and manufacturing supply chain participants. Leverage powerful collaborative workflows to achieve automated reconciliation of invoices, purchase orders, and receipts for faster and more accurate invoice processing.
Manav Garg, Founder and CEO of Eka said that while E-Sourcing development was informed of the specific needs of direct material and commodity companies; Eka will continue to add new capabilities to the solution to expand its use cases to other industries.
” Eka E-Sourcing builds a fully collaborative network across the supply chain with far superior levels of transparency, flexibility and agility. The value of these benefits goes beyond raw materials. It is not a difficult leap to see how it can be done. apply such a robust and extensible e-sourcing solution across multiple business functions across an enterprise, “said Garg.
Eka’s strength in harnessing the power of the cloud platform, coupled with its continued investment in research and development, means that the company is focused on building solutions that are continually improved. E-Sourcing capabilities will be expanded for the specific needs of specific non-commodity manufacturing sectors in the coming months.