Exela Technologies is an American business process automation company. The company was formed by the merger of two companies, SourceHOV LCC and Novitex Holdings, Inc. Exela Technologies is also known as Exel. It provides software for business process automation. The company has a positive margin and is location agnostic.
Business process automation provider
Exela Technologies has a history of helping customers streamline business processes across a variety of industries. Their proprietary technology and global footprint enable them to offer industry-specific solutions that improve quality, productivity, and end-user experience. Their business process automation (BPA) solutions are used by over 4,000 customers in 50 countries and 60 percent of the Fortune 100. The Exela Smart Office Suite is one of its leading solutions.
The company’s Work-From-Anywhere platform offers robust data capture validation, machine learning, and exception management. This platform allows variable workforce members to work from anywhere in the world, while maintaining a high level of security and privacy. This platform also protects sensitive data by anonymizing it and parsing it into single characters for validation.
Exela’s P2P solution facilitates collaborative collaboration between financial institutions, suppliers, and buyers. This increases transparency and reduces administrative costs. Moreover, the solution enables Exela users to reduce their non-PO spend, improve their turnaround times, and reduce procurement errors.
End-to-end digital journey partner
Exela Technologies has announced a new contract with Cnam to accelerate their digital transformation. The partnership will involve the use of Exela’s PCH Global platform. The initial contract value is $2.5 million, but there is potential for further growth. The four-year contract is expected to be worth over $4.5 million when all terms are fully realised.
Exela is a global leader in bill processing and has developed an end-to-end solution to help companies manage the flow of payments. The solution includes a comprehensive suite of multi-industry department solutions, including finance and accounting, human capital management, and legal management. This enables organizations to gain improved control over payment and compliance processes, as well as improve insights and analytics globally.
The Exela Technologies acquisition of UBERDOC will enable the company to offer its direct-pay specialist network. The partnership will allow the company to connect patients with leading medical professionals and enhance their health care user experience. Its healthcare technology will allow UBERDOC to offer priority access to leading specialists, submit direct-pay costs to insurance plans for reimbursement, and apply these costs toward deductibles. Further, UBERDOC will have plug-and-play access to Exela’s revenue cycle management and intelligent automation solutions.
Exela Technologies, Inc. is a global leader in business process automation. It recently announced the completion of a $150 million at-market equity program, raising approximately $85 million of which it will use to pay down debt and to explore opportunities for growth. The company plans to use the proceeds of the equity program to achieve a debt service reduction target of $25 million per year.
Exela Technologies is an equal opportunity employer and actively seeks applicants from diverse backgrounds. The company gives special consideration to veterans, reservists, and National Guard members. Additionally, Exela looks for military spouses. Applicants must be able to pass a background check, which includes a current or past military specialty.
The company’s solutions are used in a variety of industries, including healthcare and financial services. The company’s business-to-business solutions enable companies to better manage their processes and deliver better results. These solutions include business process automation, cognitive automation, and integration with other applications.
Positive margins for Exela Technologies are not an easy thing to find, but that doesn’t mean they don’t exist. The company is a provider of digital mailroom solutions to over 90,000 customers worldwide, and while it’s not profitable, it is in an extremely competitive market. Furthermore, investors should keep in mind that this company is still in a growth stage, and they could struggle in a rising rate environment.
In addition to providing a high-quality cloud-based solution, Exela also provides a scalable, integrated set of automation modules. With over 1840 employees in 23 countries, the company is the end-to-end partner for customers’ digital journey. Its cloud-based platforms enable rapid deployment of integrated technology and operations.
Pharma companies face challenges sourcing basic medicines, and the shortage of certain generics has made it impossible for some to meet the demand. These problems have made it difficult for hospitals and health care providers to secure the lifesaving medications and treatments needed for their patients. This problem has caused Exela to partner with Premier, and this new partnership with Premier will help the company address this growing problem.