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- Exela’s Transaction Administration Providers platform to help cost processing enabled with Exela’s BPA answer
IRVING, Texas, Dec. 23, 2021 (GLOBE NEWSWIRE) — Exela Applied sciences, Inc. (“Exela”) (NASDAQ: XELA) at the moment introduced a three-year renewal with a number one insurer. Exela is an unique cost processing associate for all the insurer’s monetary merchandise offering companies to each retail and institutional clients all through america. This renewal reaffirms a valued relationship of over 11 years. Anticipated contract worth of the renewal is $3.5 million.
This renewal demonstrates Exela’s buyer first method and exemplifies how Exela’s Transaction Administration Providers platform and enterprise course of automation (BPA) options proceed to deal with advanced issues in varied enterprise and working environments. Regardless of the continuing pandemic, Exela has demonstrated resilience for this buyer expediting funds and enhancing cycle instances. By implementing an end-to-end cost processing answer, Exela was additionally in a position to provide an enhanced finish buyer expertise.
“We’re excited to announce the extension of this partnership. Our buyer can additional leverage Exela’s XBP (Trade for Payments and Funds) platform on their digital transformation journey for digitization and digital adoption,” mentioned Suresh Yannamani, President of Exela, including“It has been a sluggish march attempting to maneuver away from paper payments, checks and money, however related ecosystems reminiscent of Exela’s XBP pave the best way ahead for better acceptance and push in the direction of digital transformation.”
Here’s a hyperlink to a presentation on XBP from earlier this 12 months.
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About Exela Applied sciences
Exela Applied sciences is a enterprise course of automation (BPA) chief, leveraging a worldwide footprint and proprietary expertise to offer digital transformation options enhancing high quality, productiveness, and end-user expertise. With many years of expertise working mission-critical processes, Exela serves a rising roster of greater than 4,000 clients all through 50 nations, together with over 60% of the Fortune® 100. Using foundational applied sciences spanning info administration, workflow automation, and built-in communications, Exela’s software program and companies embrace multi-industry, departmental answer suites addressing finance and accounting, human capital administration, and authorized administration, in addition to industry-specific options for banking, healthcare, insurance coverage, and the general public sector. Via cloud-enabled platforms, constructed on a configurable stack of automation modules, and over 17,500 workers working in 23 nations, Exela quickly deploys built-in expertise and operations as an end-to-end digital journey associate.
Ahead-Wanting Statements
Sure statements included on this press launch are usually not historic info however are forward-looking statements for functions of the secure harbor provisions below The Personal Securities Litigation Reform Act of 1995. Ahead-looking statements usually are accompanied by phrases reminiscent of ‘might’, ‘ought to’, ‘would’, ‘plan’, ‘intend’, ‘anticipate’, ‘consider’, ‘estimate’, ‘predict’, ‘potential’, ‘appear’, ‘search’, ‘proceed’, ‘future’, ‘will’, ‘count on’, ‘outlook’ or different comparable phrases, phrases or expressions. These forward-looking statements embrace statements concerning our {industry}, future occasions, estimated or anticipated future outcomes and advantages, future alternatives for Exela, and different statements that aren’t historic info. These statements are based mostly on the present expectations of Exela administration and are usually not predictions of precise efficiency. These statements are topic to numerous dangers and uncertainties, together with with out limitation these mentioned below the heading ‘Threat Elements’ in Exela’s Annual Report and different securities filings. As well as, forward-looking statements present Exela’s expectations, plans or forecasts of future occasions and views as of the date of this communication. Exela anticipates that subsequent occasions and developments will trigger Exela’s assessments to vary. These forward-looking statements shouldn’t be relied upon as representing Exela’s assessments as of any date subsequent to the date of this press launch.
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