IRVING, Texas, April 13, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA) today announced a new customer and contract worth $6.8 million over the next three years.
Exela’s Exchange for Bills and Payments (“XBP”), the largest revenue contributor in the ITPS accounting segment, continues to sign new logos. This integrated solution utilizes several of Exela’s platforms including payment processing (TMS), collaborative work flow (ExelaBeats) and digital mailroom (DMR) delivering a bespoke solution used by our knowledge workers and by our newly acquired customer.
“We are pleased to see the momentum in XBP across various use cases,” said Lakshmi Narayanan SVP, Bills and Payments, Americas. “New customers are seeing the benefits of our customizable, easy to implement solutions and we look forward to further traction.”
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.
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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 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 over 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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Source: Exela Technologies, Inc.
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