Exela Technologies, Inc. announced a contract with L'Assurance Maladie Caisse Nationale ("Cnam"), the French National Insurance Fund, utilizing Exela's PCH Global platform to speed up the National Agency's digital transformation. While the initial total contract value ("TCV") is $2.5 million, the 4-year contract has the potential to grow to over $4.5 million over this period. Initially, the solution will deploy Exela's cutting-edge Raptor and Intelliscan XDS scanners as well as a full OCR application across multiple sites as part of Exela ITPS (Information and Transaction Processing Solutions) segment.

The online classification and extended sorting capacity will handle a wide range of document types and the initial deployment will be rolled out to two sites within 2022, with estimated volumes of 40,000 pieces per site per day, therefore optimizing social security and healthcare claims processing and management in France.