Cloud-based software provider Eka aims to transform existing supply chain workflows with the unveiling of its platform-driven e-sourcing solution that offers a new standard for collaboration, transparency, efficiency and quality assurance across a wide range of business functions and industries.
Managing supplier operations with existing tools often involves spending hours exchanging emails and phone calls and using spreadsheets to update data, resulting in limited visibility and errors. expensive. Eka’s E-Sourcing addresses these challenges with a platform-driven cloud solution that recognizes and addresses key weaknesses in supply operations while improving supply chain resilience.
Based on Eka’s extensive experience in the automation of the raw materials and direct materials supply chain, E-Sourcing is a one-of-a-kind solution that provides a unified interface, creating mutual visibility and accountability between businesses and suppliers. Through seamless integration with ERP, the solution provides real-time visibility from a single source and enables businesses to react in time to avoid supply disruptions.
Eka’s E-Sourcing meets the very nuanced requirements of supply chain players in the agriculture, energy, food, mining and manufacturing sectors. It leverages powerful collaborative workflows to achieve automated matching of invoices, purchase orders and receipts for faster and more accurate invoice processing.
Manav Garg, Founder and CEO of Eka, said that while the development of E-Sourcing has been guided by the specific needs of raw materials and direct materials companies, Eka will continue to add new capabilities to the solution to expand its use cases to other industries.
“ Eka’s E-Sourcing creates a fully collaborative network across the supply chain with far greater levels of transparency, flexibility and agility. The value of these benefits goes beyond commodities. It is not difficult to see how such a robust and scalable e-sourcing solution can be applied to multiple business functions within a company, ” Garg said.
Eka’s strength in harnessing the power of the cloud platform, coupled with its continued investment in research and development, means the company is focused on creating solutions that are continuously improved. E-Sourcing capabilities will be expanded for the specific needs of non-commodity manufacturing sectors in the coming months.