Exela Technologies Renews $72 Million, 4-Year Agreement With a Global Human Capital Management Services Organization

Exela Technologies, Inc. announced renewal of 4-year agreement with a global Human Capital Management (HCM) services provider to provide mission critical unified communication services for a total contract value of $72 million. The $72 million figure includes about four months remaining on the prior contract.

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Exela solutions are designed to ease the corporate administration of labor-intensive workflows for thousands of clients. Exela’s platform integrates complex data solutions and analytics to manage end to end customer communications for human capital and business process outsourcing.

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Exela will continue to provide transactional mailing services to support the needs of this global provider and its consumer base. Exela provides over 30 million communications on behalf of the customer annually. These mission critical services are a combination of customer critical document communications to support retirement benefits, health benefits, payroll, and other defined administrative services.

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“This renewal is a strategic foundation for global expansion of our partnership” said Suresh Yannamani, president of Exela, adding “our full suite including recruit to retire services along with our procure to pay and exchange for bills and payments solutions, support our global customers in their strategic journey”

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