If you’re new to the world of business process automation, you may be wondering, what is XELA technology?
The company was formed through the merger of SourceHOV LCC, Novitex Holdings, Inc., and Quinpario Acquisition Corp., and today offers digital workplace solutions to help businesses manage their business processes.
To get an overview of this company, read on! Listed below are some of the company’s products and services.
XELA is a cloud-based business process automation company
XELA Technology is a cloud-based business process automation (BPA) company headquartered in San Francisco. Currently, its stock trades at less than $1. Its services are used by a variety of different types of businesses to automate their workflows. It claims over 4,000 customers in 50 countries, including 60% of the Fortune 100. Its chief products are the Digital Now suite and Exela Smart Office package.
The management team at XELA is well-versed in the pitfalls of inefficient operations and has seen the benefits of business process automation. Revenue decreased by 18% year-over-year in the first quarter of 2021, though management attributes the decline to the impact of the coronavirus on the economy in 2020. Exela managed to improve its margins to 22.5%, setting the company on the road to profitability sooner than most investors expect.
Xela Technology offers digital workplace solutions
In order to maintain a competitive edge in the global marketplace, companies must focus on their employees’ experiences. After all, employees are an organization’s most important resource and without them, it will not be able to prosper. For this reason, companies need to offer digital workplace solutions to attract and retain talented employees. To make this happen, organizations need to give employees a voice and analyze their behavior. The DMR platform offers the best way to do this.
By creating a unified digital workplace, employees can access data anywhere and can collaborate more effectively. Employees can easily refer to digital records in case of problems, and managers can monitor the progress of projects from anywhere. Additionally, the digital workplace reduces the need for meetings, and allows teams to focus on their work. Furthermore, the digitization of business processes gives managers central access to all business tools and provides better management.
Xela Technology has 4,000 customers in 50 countries
Exela Technology, Inc. (NASDAQ: XELA) is a provider of business process automation software. The company serves over 4,000 customers in 50 countries, and its shares have experienced volatile price movements. Year-to-date, Exela’s stock has increased more than 85%, but is down 47% since mid-July. This report includes forward-looking statements about the company.
Exela is a leading provider of business process automation solutions, leveraging a global footprint and proprietary technology to simplify and automate workflows. With decades of experience in operating mission-critical business processes, the company is the leading provider of workflow automation, information management, and integrated communications solutions. Using industry-specific solutions, Exela addresses the needs of banks, healthcare organizations, insurance companies, and the public sector.
Exela Technologies (NASDAQ: XELA) is a global BPA company leveraging proprietary technology to help customers transform their businesses through digital transformation. Its largest shareholder is HOV Services Limited, which owns approximately 9.7% of its shares. Other notable shareholders include Novitex and SourceHOV. Exela Technologies recently announced a merger with Quinpario Acquisition Corp., which has approximately 12.5 million shares outstanding.
Its products include Digital Now and Exela Smart Office
The company is a leader in the field of business process automation (BPA), and will highlight its Smart Office Suite at this event. The suite includes a Digital Mail Room, Intelligent Document Processing, Smart Lockers, DrySign Digital Signature Platform, Contactless Entry and Exit modules, and a digital signature platform. Ultimately, the software helps streamline and improve business processes for businesses across a variety of industries.
Exela Smart Office is an integrated platform that connects disparate technologies for improved employee and visitor experiences. It also provides new levels of insight and control over facilities. Its technology allows businesses to streamline processes such as printing, fulfillment, and fleet optimization. It also helps businesses meet compliance and revenue per FTE objectives. You can access the services of any type of company via digital technology – from mobile devices to desktops.