Exela Technologies (NASDAQ: XELA, XELAP) (OTC: XELAW), a leading
and innovative provider of solutions in the Finance and Accounting
Business Process Outsourcing domain, today announced that Exela
Technologies has been positioned by Gartner® as a Niche Player in
the Magic Quadrant for Finance and Accounting Business Process
Outsourcing for its offering, F&A BPO services. The evaluation
was based on specific criteria that analyzed the company’s overall
completeness of vision and ability to execute.
Exela’s product-led Finance and Accounting (FAO) Service Suite
is embedded with deep business analytics, helping finance leaders
modernize and automate their end-to-end F&A functions. Exela’s
F&A professionals serve over 3,400 global clients, across 15
industry verticals.
Exela FAO Services suite incorporates big data, digitization,
and modern technologies to transform how the financial services
industry functions. The future of finance and accounting will be
driven by automation, touchless transactions, minimized human
interference, and decisions driven by data and insights.
Magic Quadrant reports are a culmination of rigorous, fact-based
research in specific markets, providing a wide-angle view of the
relative positions of the providers in markets where growth is high
and provider differentiation is distinct. Providers are positioned
into four quadrants: Leaders, Challengers, Visionaries and Niche
Players. The research enables you to get the most from market
analysis in alignment with your unique business and technology
needs.
View a complimentary copy of the Magic Quadrant report to learn
more about Exela Technology’s strengths and cautions, among other
provider offerings, at www.exelatech.com/.
Explore Exela’s FAO services and solutions here.
Gartner disclaimer
Gartner, Magic Quadrant for Finance and Accounting Business
Process Outsourcing, Sanjay Champaneri, Ashwani Gupta, 27 June
2022
Gartner and Magic Quadrant are registered trademarks and service
marks of Gartner, Inc. and/or its affiliates in the U.S. and
internationally and are used herein with permission. All rights
reserved.
Gartner does not endorse any vendor, product or service depicted
in our research publications, and does not advise technology users
to select only those vendors with the highest ratings or other
designation. Gartner research publications consist of the opinions
of Gartner research organization and should not be construed as
statements of fact. Gartner disclaims all warranties, expressed or
implied, with respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
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.
For more Exela news, commentary, and
industry perspectives,
visit: https://investors.exelatech.com/
And please follow us on
social:
Twitter: https://twitter.com/exelatech
LinkedIn: https://www.linkedin.com/company/exela-technologies
Facebook: https://www.facebook.com/exelatechnologies/
Instagram: https://www.instagram.com/exelatechnologies
The information posted on the Company's website and/or via its
social media accounts may be deemed material to investors.
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.
Forward-Looking Statements
Certain statements included in this press release are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under The Private Securities Litigation
Reform Act of 1995. Forward-looking statements generally are
accompanied by words such as "may", "should", "would", "plan",
"intend", "anticipate", "believe", "estimate", "predict",
"potential", "seem", "seek", "continue", "future", "will",
"expect", "outlook" or other similar words, phrases or expressions.
These forward-looking statements include statements regarding our
industry, future events, estimated or anticipated future results
and benefits, future opportunities for Exela, and other
statements that are not historical facts. These statements are
based on the current expectations of Exela management and
are not predictions of actual performance. These statements are
subject to a number of risks and uncertainties, including without
limitation those discussed under the heading "Risk Factors"
in Exela's Annual Report and other securities filings. In
addition, forward-looking statements
provide Exela's expectations, plans or forecasts of
future events and views as of the date of this
communication. Exela anticipates that subsequent events
and developments will cause Exela's assessments to
change. These forward-looking statements should not be relied upon
as representing Exela's assessments as of any date
subsequent to the date of this press release.
Investor and/or Media Contacts:
Vincent
KondaveetiE: vincent.kondaveeti@exelatech.com
Mary Beth BenjaminE: IR@exelatech.com
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