Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA,
XELAP), a global business process automation (“BPA”) leader, today
announced that Exela has been positioned by Gartner® as a Niche
Player in the Magic Quadrant for Finance and Accounting Business
Process Outsourcing for its offering, FAO Service Suite for the
second year running. The Gartner research report evaluated 18
F&A service providers according to a uniform set of criteria,
placing companies into four categories: Leaders, Visionaries, Niche
Players and Challengers.
Exela’s product-led Finance and Accounting 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.
“Organizations are looking to drive newer efficiency
opportunities and are increasingly turning to their CFOs to
reimagine the finance operating models. Exela’s FAO Solutions help
CFOs strengthen their decision-making capabilities by allowing
easier adoption of modernization, automation and analytical tools
while navigating the global socio-economic landscape and talent
shortages. At Exela, we believe this recognition reiterates our
investment in expanding our FAO Services Suite to become the
solution of choice for our customers,” said Suresh Yannamani, CEO
Exela Technologies BPA.
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.
Read the full 2023 Gartner® Magic Quadrant™ for FAO BPO,
Worldwide report.
Explore Exela’s FAO services and solutions here.
Gartner disclaimer
GARTNER is a registered trademark and service mark, and MAGIC
QUADRANT is a registered trademark 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.
Gartner, Magic Quadrant for Finance and Accounting Business
Process Outsourcing, Sanjay Champaneri, Ashwani Gupta, May 10,
2023
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 15,000 employees operating in
21 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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