November 30, 2022


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Exela Systems Announces Recognition as a ‘Major

IRVING, Texas, Sept. 02, 2021 (Globe NEWSWIRE) — Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA), a main supplier of Company Procedure Automation alternatives, these days announced that it has been regarded as a ‘Major Contender’ in Everest Group’s Finance & Accounting Outsourcing 2021 PEAK Matrix®. This is the fourth consecutive 12 months that Exela has been named a ‘Major Contender’ in Everest Group’s report, which assesses the overall eyesight and ability, and market affect of assistance suppliers in the finance and accounting outsourcing solutions field.

Exela was acknowledged as one particular of the several providers who have a solid product target, along with companies in Finance & Accounting. According to the report, Exela’s output-driven commercial constructs and large diploma of adaptability and customization as for each client demands, would make it an eye-catching associate for enterprises with big-quantity fluctuations.

“Exela Technologies follows a proprietary platform-led tactic leveraging a suite of remedies, these kinds of as Exela P2P (an stop-to-stop P2P system), BancPay™ (an clever cloud invoicing system), and TMS™ (an integrated payment processing option), which is further more augmented by its partnerships with Atalasoft and Azure cloud, to give conclude-to-conclusion F&A digital transformation services,” stated Shirley Hung, Husband or wife, Everest Team. “It maintains its Key Contender posture in Everest Group’s 2021 Finance and Accounting Outsourcing (FAO) Companies PEAK Matrix® Assessment and continues to strengthen its existence in industries this sort of as health care by incorporating new healthcare-targeted alternatives.”

“Being named a ‘Major Contender’ for 4 yrs in a row, epitomizes Exela’s commitment to transforming Finance and Accounting services for our world-wide clientele. Our force to digitize providers and workflows is assisting CFO’s consolidate operations and create upfront value-personal savings whilst navigating seamlessly in advanced pandemic-pushed conditions,” claimed Srini Murali, Exela’s President, Americas, & APAC.

Exela’s Finance and Accounting Solutions suite enables small business leaders to expedite electronic and process transformation for their organization. Exela’s suite of Finance and Accounting options consists of Procure-to-Pay (P2P), Get-to-Funds (O2C) and Finance Scheduling & Evaluation (FP&A), supplying enterprises various avenues to lessen the total price of possession (TCO) for several of their in-household operations. Exela’s revolutionary options, backed by stable exploration and decades-prolonged knowledge, also make sure that obligatory regulatory hazard and compliance targets are achieved.

Everest Team is an business-primary investigation firm centered on strategic IT, small business system providers, and engineering. The ‘Major Contenders’ in Everest Group’s PEAK Matrix assessments are these companies that are “increasingly setting up capabilities in serving distinctive geographies and industry segments,” as properly as all those that are “developing complex digital answers and have been prosperous in utilizing them across their consumer base.”

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About Exela

Exela is a company procedure automation (BPA) leader, leveraging a international footprint and proprietary engineering to present electronic transformation options enhancing quality, productivity, and stop-consumer expertise. With decades of knowledge functioning mission-critical processes, Exela serves a expanding roster of far more than 4,000 prospects during 50 international locations, like over 60% of the Fortune® 100. Utilizing foundational systems spanning information management, workflow automation, and built-in communications, Exela’s program and providers include multi-sector, departmental solution suites addressing finance and accounting, human funds management, and lawful administration, as properly as industry-unique answers for banking, health care, insurance policy, and the public sector. By way of cloud-enabled platforms, designed on a configurable stack of automation modules, and more than 18,000 employees operating in 23 nations around the world, Exela fast deploys integrated technologies and functions as an end-to-conclude electronic journey associate.

Investor and/or Media Contacts:

Vincent Kondaveeti
E: [email protected]
T: 929-620-1849

Mary Beth Benjamin
E: [email protected]
T: 646-277-1216