Exela Technologies, Inc. announced a 5-year contract with ÖBB, Austria's National Railway Company, valued at a Total Contract Value of ~$2.5 million. The Bills and Payments (“XBP”) deal is part of ITPS, Exela's larger accounting segment. The ÖBB project is a prime example of the breadth of solutions that Exela can provide.

As part of this project, Exela will deploy its full digital payment platform capable of deciphering complex invoices across more than 13 languages and will employ artificial intelligence which optimizes and forecasts various payment solutions that are compatible with complex legacy accounting platforms.