Exela Technologies Announces XBP® Win in the Financial Services Industry
AMSTERDAM, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP), today announced a new contract with a large European domiciled financial services firm that will utilize Exela’s Exchange for Bills and Payments (“XBP®”), the largest revenue contributor of the $874.2 million ITPS accounting segment for FY 2021. The total contract value (“TCV”) over the 5-year term is valued at approximately $6 million.
Exela is a leader in bills and payment processing with more than thirty years of experience handling complex problems and delivering simplicity. XBP liquidity solutions allow billers, consumers and businesses to communicate and transact. Offering a complete solution to its customers, Exela enables improved control, insights and analytics globally in over 50 countries. The customer will deploy Exela’s Digital Mail Room (DMR) module as part of our XBP Global platform to process payments, account opening requests and other critical banking documents.
“Exela’s XBP Global platform continues to resonate in the market and we are pleased to add another prominent new logo. The convenience, security and flexibility of XBP Global offer an accelerated digital transformation journey for customers across all verticals we serve,” said Vitalie Robu, President of Exela, EMEA.
About Exela Technologies
Exela Technologies is a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience. With decades of experience operating mission-critical processes, Exela serves a growing roster of more than 4,000 customers throughout 50 countries, including over 60% of the Fortune® 100. Utilizing foundational technologies spanning information management, workflow automation, and integrated communications, Exela’s software and services include multi-industry, departmental solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and the public sector. Through cloud-enabled platforms, built on a configurable stack of automation modules, and approximately 17,000 employees operating in 23 countries, Exela rapidly deploys integrated technology and operations as an end-to-end digital journey partner.
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