EKA Logistics Capital Offers Financial Services for Small-Business Supply Chain Companies

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December 8, 2021 • by Heavy Duty Trucking Staff 

EKA is branching out into financial services to complement its cloud-based Omni-TMS.

EKA Solutions, which provides a cloud-based integrated freight management ecosystem, will offer working capital financial services to small-business carriers, brokers, and shippers.

The wholly owned subsidiary, EKA Logistics Capital LLC, will offer services beginning in January 2022 to “further help SMBs compete with their much savvy competitors,” said J.J. Singh, EKA founder and CEO, in a news release.

Services will be competitive to large factoring companies. EKA will offer receivables financing of an entire customer receivable portfolio. Or, it can offer receivables financing of select shipper receivables or on a single shipper invoice basis.

EKA announced its Omni-TMS cloud-based supply chain platform in 2018, designed to allow brokers, carriers, and shippers to easily assign and track loads, including back-end billing and financial functions. It has since added a number of functions and features, including private freight marketplaces for larger companies, features for carriers using independent contractors, mapping tools, load-matching, and most recently pricing data.

“EKA’s freight management and working capital solutions and services workflow processes have been optimally melded for highest seamless productive user experience and to accrue lowest customer lending costs,” said Mark Walker, president and CDO, in a release. “The result is a highly efficient and effective open loop automated receivables financing and payments digital platform for any carrier, broker, and shipper.”

EKA Solutions Debuts Real-Time Integration With KeepTruckin & Samsara

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New Omni-TMS™ Cloud-Based Platform Integrates Fluidly With Leading Telematic Platform

SALT LAKE CITY, Sept. 27, 2021 /PRNewswire/ — EKA Solutions Inc, the industry leading provider of cloud-based integrated freight management ecosystem for carriers, brokers, and shippers, today announced real-time integration with KeepTruckin and Samsara, two of the global telematics platforms leaders.

Designed to tech-up carriers, brokers, and shippers for the future of business, EKA Omni-TMS™ is a native cloud-based SaaS TMS that has become the company’s signature solution product and has earned EKA the prestigious FreightTech 100 award.

“EKA’s fluid real-time integration provides the smallest trucking company with the same capabilities and benefits as large companies – optimize dispatch productivity, effectuate timely 2-way communication, deliver real time load movement visibility, improve carrier cashflow through electronic document capture and transmission and, enhance driver compliance with hours-of-service rules.” says JJ Singh, Founder and CEO for EKA Solutions, Inc. “In addition, this seamless integration will help significantly improve broker productivity.”

“EKA’s innovative and best-in-class solutions will help fleet managers to be digitally connected with their drivers during the lifecycle of a loaded or empty truck move” said Mark Walker, President and CDO. “Also, it enables a broker to automatically monitor the movement of the load from pick-up to delivery in a seamless productive manner.”

About EKA

EKA Solutions, Inc., provides a transformational cloud-based SaaS digital freight ecosystem management platform, dFEMX™, to manage all the customer’s freight businesses including freight exchange and third-party services. As part of the dFEMX™ Offering, EKA provides the Smart, Unified Platform EKA Omni-TMS™ for – Virtually – Everyone. EKA Omni-TMS™ is designed to transform the transportation and logistics industry. It empowers small, medium, and large size broker, carrier, and shipper businesses to operate from quote-to-cash with affordable and best-in-class digital tools, enabling the higher performance demanded in tomorrow’s supply chain. With real-time information, EKA Omni-TMS™ enables brokers, carriers, and shippers to provide visibility and transparency as they fluidly trade across an expanding and verified network with key, trusted partners. For more information, visit: https://www.go-eka.com

For all other inquiries:
Arune Singh
arune@go-eka.com

SOURCE EKA Solutions, Inc.

Related Links

www.go-eka.com