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Exela Technologies - Finance and Accounting Transformation
Vendor Analysis
published on Oct 25, 2024
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Report Overview:
This NelsonHall vendor assessment analyzes Exela Technologies' offerings and capabilities in Finance and Accounting Transformation
Who is this Report for:
NelsonHall’s finance and accounting transformation from RPA to GenAI profile on Exela Technologies is a comprehensive assessment of Exela Technologies’ offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of finance and accounting services with a focus on AI and GenAI capabilities and identifying vendor suitability for finance and accounting services RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in finance and accounting services focusing on the GenAI capabilities.
Scope of this Report:
The report provides a comprehensive and objective analysis of Exela Technologies’ finance and accounting transformation offerings, capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments with a focus on GenAI capabilities within F&A
- Analysis of the company’s strengths, challenges, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base, including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization, including the location of delivery centers.
Key Findings & Highlights:
Exela Technologies is a business process automation and digital transformation services provider formed in 2017 by the merger of SourceHOV LCC, Novitex Holdings, Inc., and Quinpario Acquisition Corp. The company achieved revenues of $1.1bn in FY23 (the year ending December 31, 2023), while FY2024 revenue will be down by 3-5%. The company positions itself as a business process automation (BPA) company, leveraging a global footprint and proprietary technology to provide digital transformation solutions that improve efficiency, quality, and productivity.
F&A is one of Exela's key strategic service areas. The company positions its automation and platform capabilities as key client value propositions. It will continue to drive automation and efficiencies through similar platforms and tools while focusing on SMBs and mid-market clients.