Exela Systems Announces Recognition as a ‘Major

IRVING, Texas, Sept. 02, 2021 (Globe NEWSWIRE) — Exela Systems, Inc. (“Exela”) (NASDAQ: XELA), a foremost supplier of Business enterprise Process Automation alternatives, currently introduced that it has been regarded as a ‘Major Contender’ in Everest Group’s Finance & Accounting Outsourcing 2021 PEAK Matrix®. This is the fourth consecutive yr that Exela has been named a ‘Major Contender’ in Everest Group’s report, which assesses the overall eyesight and functionality, and market place impact of support vendors in the finance and accounting outsourcing products and services sector.

Exela was acknowledged as just one of the number of vendors who have a sturdy product or service concentration, along with solutions in Finance & Accounting. According to the report, Exela’s output-pushed commercial constructs and significant diploma of flexibility and customization as for each shopper requirements, would make it an beautiful husband or wife for enterprises with huge-volume fluctuations.

“Exela Technologies follows a proprietary platform-led technique leveraging a suite of answers, these kinds of as Exela P2P (an finish-to-end P2P platform), BancPay™ (an intelligent cloud invoicing system), and TMS™ (an integrated payment processing option), which is even more augmented by its partnerships with Atalasoft and Azure cloud, to provide close-to-conclude F&A digital transformation companies,” mentioned Shirley Hung, Companion, Everest Group. “It maintains its Big Contender situation in Everest Group’s 2021 Finance and Accounting Outsourcing (FAO) Products and services PEAK Matrix® Assessment and continues to improve its existence in industries this kind of as health care by including new health care-centered options.”

“Being named a ‘Major Contender’ for 4 a long time in a row, epitomizes Exela’s motivation to reworking Finance and Accounting products and services for our worldwide clientele. Our press to digitize services and workflows is supporting CFO’s consolidate functions and generate upfront price-savings although navigating seamlessly in sophisticated pandemic-pushed situations,” claimed Srini Murali, Exela’s President, Americas, & APAC.

Exela’s Finance and Accounting Providers suite permits company leaders to expedite electronic and approach transformation for their business. Exela’s suite of Finance and Accounting solutions involves Procure-to-Pay back (P2P), Order-to-Dollars (O2C) and Finance Planning & Analysis (FP&A), furnishing enterprises different avenues to lessen the overall value of possession (TCO) for lots of of their in-home operations. Exela’s innovative answers, backed by good study and decades-lengthy expertise, also make sure that required regulatory possibility and compliance targets are satisfied.

Everest Group is an industry-primary exploration business targeted on strategic IT, business enterprise procedure solutions, and engineering. The ‘Major Contenders’ in Everest Group’s PEAK Matrix assessments are those people providers that are “increasingly setting up abilities in serving diverse geographies and sector segments,” as perfectly as all those that are “developing sophisticated electronic answers and have been successful in employing them across their customer base.”

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About Exela

Exela is a business procedure automation (BPA) chief, leveraging a worldwide footprint and proprietary technological innovation to deliver electronic transformation remedies maximizing high-quality, productiveness, and stop-user encounter. With many years of working experience running mission-important processes, Exela serves a escalating roster of additional than 4,000 shoppers through 50 international locations, which include above 60% of the Fortune® 100. Utilizing foundational technologies spanning information and facts management, workflow automation, and integrated communications, Exela’s software package and products and services consist of multi-market, departmental solution suites addressing finance and accounting, human capital administration, and lawful management, as well as industry-precise solutions for banking, health care, insurance, and the general public sector. Via cloud-enabled platforms, designed on a configurable stack of automation modules, and over 18,000 personnel operating in 23 nations, Exela quickly deploys integrated know-how and operations as an conclude-to-close digital journey partner.

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