Exela Technologies Announces Recognition as a ‘Major Contender’ in Everest Group’s Finance & Accounting Outsourcing 2021 PEAK Matrix®
September 02 2021 - 12:54PM
Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA), a leading
provider of Business Process Automation solutions, today announced
that it has been recognized as a ‘Major Contender’ in Everest
Group’s Finance & Accounting Outsourcing 2021 PEAK Matrix®.
This is the fourth consecutive year that Exela has been named a
‘Major Contender’ in Everest Group’s report, which assesses the
overall vision and capability, and market impact of service
providers in the finance and accounting outsourcing services
industry.
Exela was recognized as one of the few providers who have a
strong product focus, along with services in Finance &
Accounting. According to the report, Exela’s output-driven
commercial constructs and high degree of flexibility and
customization as per client needs, makes it an attractive partner
for enterprises with large-volume fluctuations.
“Exela Technologies follows a proprietary platform-led approach
leveraging a suite of solutions, such as Exela P2P (an end-to-end
P2P platform), BancPay™ (an intelligent cloud invoicing platform),
and TMS™ (an integrated payment processing solution), which is
further augmented by its partnerships with Atalasoft and Azure
cloud, to offer end-to-end F&A digital transformation
services,” said Shirley Hung, Partner, Everest Group. “It maintains
its Major Contender position in Everest Group’s 2021 Finance and
Accounting Outsourcing (FAO) Services PEAK Matrix® Assessment and
continues to strengthen its presence in industries such as
healthcare by adding new healthcare-focused solutions.”
“Being named a ‘Major Contender’ for four years in a row,
epitomizes Exela’s commitment to transforming Finance and
Accounting services for our global clientele. Our push to digitize
services and workflows is helping CFO’s consolidate operations and
create upfront cost-savings while navigating seamlessly in complex
pandemic-driven conditions,” said Srini Murali, Exela’s President,
Americas, & APAC.
Exela’s Finance and Accounting Services suite enables business
leaders to expedite digital and process transformation for their
enterprise. Exela’s suite of Finance and Accounting solutions
includes Procure-to-Pay (P2P), Order-to-Cash (O2C) and Finance
Planning & Analysis (FP&A), providing enterprises various
avenues to lessen the total cost of ownership (TCO) for many of
their in-house operations. Exela’s innovative solutions, backed by
solid research and decades-long expertise, also ensure that
mandatory regulatory risk and compliance objectives are met.
Everest Group is an industry-leading research firm focused on
strategic IT, business process services, and engineering. The
‘Major Contenders’ in Everest Group’s PEAK Matrix assessments are
those companies that are “increasingly building capabilities in
serving different geographies and industry segments,” as well as
those that are “developing sophisticated digital solutions and have
been successful in implementing them across their client base.”
For more Exela news, commentary, and industry perspectives,
visit: https://investors.exelatech.com/
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The information posted on the Company's website and/or via its
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Accordingly, investors, media and others interested in the Company
should monitor the Company's website and its social media accounts
in addition to the Company's press releases, SEC filings and public
conference calls and webcasts.
About Exela
Exela 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 over 18,000 employees
operating in 23 countries, Exela rapidly deploys integrated
technology and operations as an end-to-end digital journey
partner.
Investor and/or Media Contacts:
Vincent
KondaveetiE: vincent.kondaveeti@exelatech.comT:
929-620-1849
Mary Beth BenjaminE: IR@exelatech.comT:
646-277-1216
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