Exela Technologies appoints Laksh

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IRVING, Texas, June 14, 2022 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela”) (XELA, XELAP), today appoints Lakshmi Narayanan Chandramohan as President, Bills and Payments. In her role, Lakshmi will be responsible for financial institutions within Exela’s Exchange for Bills and Payments (“XBP”). XBP is the largest revenue contributor in the ITPS accounting segment. Lakshmi will continue to bring Exela’s value proposition to financial institutions across the Americas while collaborating with other members of the organization to grow business in industry verticals.

Financial institutions around the world face increasing pressure from new competitors, disruptive technologies, aging legacy infrastructure and burdensome regulatory requirements. This rapidly changing landscape requires increased focus on operational efficiency, digital enablement, business continuity planning, and improved customer experience. Exela’s XBP solutions enable our customers to leverage a single platform augmenting Exela’s automation technology that reduces costs, improves accuracy, consolidates data and improves cycle time.

“Lakshmi has been an asset to Exela since he joined 10 years ago. Lakshmi’s deep understanding of payments and invoices has resulted in many victories. We look forward to Lakshmi’s leadership in enabling other Exelarators to deliver value-added XBP solutions across industries,” said Par Chadha, Executive Chairman of Exela.

Lakshmi brings 27 years of experience to Exela and has worked at Exela for over 10 years in various roles of increasing responsibility. Lakshmi has also been tasked with facilitating growth in the financial institutions space. Lakshmi is a Six Sigma Master Black Belt with a Masters in Statistics and an SAS Certified Professional.

About Exela Technologies

Exela Technologies is a leader in business process automation (BPA), leveraging a global footprint and proprietary technology to deliver digital transformation solutions that improve quality, productivity and user experience final. With decades of experience operating mission-critical processes, Exela serves a growing list of more than 4,000 customers in 50 countries, including more than 60% of the Fortune® 100. Using core technologies spanning information management , workflow automation and integrated communications, Exela’s software and services include multi-industry and 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. With cloud-enabled platforms, built on a configurable stack of automation modules, and approximately 17,000 employees operating in 23 countries, Exela is rapidly deploying integrated technology and operations as an end-to-end digital travel partner.

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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 are generally accompanied by words such as ” may”, “should”, “would”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “seem”, “seek”, “continue”, “future”, “will”, “expect”, “prospect” or other similar words, phrases or expressions. These forward-looking statements include statements about our industry, future events, estimated or expected 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’s management and do not constitute forecasts of actual performance. These statements are subject to a number of risks and uncertainties, including, without limitation, those discussed under “Risk Factors” in Exela’s Annual Report and other securities filings. movables. In addition, forward-looking statements provide Exela’s expectations, plans or forecasts regarding future events and beliefs as of the date of such communication. Exela anticipates that subsequent events and developments will cause Exela’s ratings 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 Kondaveeti
E : [email protected]

Mary Beth Benjamin
E : [email protected]

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