April 20, 2024

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Costing Accounting Everyday

Exela Technologies Names Lakshmi Narayanan Chandramohan President, Bills and Payments

Exela Technologies, Inc.

Exela Systems, Inc.

IRVING, Texas, June 14, 2022 (World NEWSWIRE) — Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP), now names Lakshmi Narayanan Chandramohan to President, Payments and Payments. In his position, Lakshmi will be responsible for financial institutions within Exela’s Trade for Payments and Payments (“XBP”). XBP is the biggest income contributor in the ITPS accounting segment. Lakshmi will proceed to bring Exela’s value proposition to financial establishments across the Americas although collaborating with other people in the group to expand enterprise across business verticals.

Monetary institutions about the earth face mounting strain from new competitors, disruptive systems, an getting old legacy infrastructure, and burdensome regulatory prerequisites. This speedily evolving landscape calls for heightened emphasis on operational effectiveness, electronic enablement, organization continuity arranging, and an enhanced shopper encounter. Exela’s XBP solutions enable our customers to leverage a solitary platform augmenting Exela’s automation technological know-how that drives down prices, enhances precision, consolidates details and enhances cycle time.

“Lakshmi has been an asset to Exela due to the fact signing up for 10 decades in the past. Lakshmi’s deep being familiar with of payments and charges has resulted in various wins. We look ahead to Lakshmi’s management in enabling other Exelarators to provide price extra XBP solutions across industries,” noted Par Chadha, Government Chairman, Exela.

Lakshmi brings 27 yrs of expertise to Exela and has been with Exela for more than 10 years in several roles of rising duty. Lakshmi has also been dependable for facilitating the development in the monetary establishments house. Lakshmi is a Six Sigma Grasp Black Belt with a Masters in Data and a SAS Qualified Skilled.

About Exela Systems

Exela Technologies is a enterprise process automation (BPA) chief, leveraging a world wide footprint and proprietary know-how to present digital transformation alternatives boosting high-quality, efficiency, and end-person knowledge. With decades of encounter functioning mission-critical processes, Exela serves a growing roster of much more than 4,000 consumers in the course of 50 nations, together with around 60% of the Fortune® 100. Employing foundational technologies spanning information and facts administration, workflow automation, and integrated communications, Exela’s program and solutions include multi-industry, departmental alternative suites addressing finance and accounting, human funds administration, and lawful administration, as perfectly as field-specific alternatives for banking, healthcare, coverage, and the community sector. Through cloud-enabled platforms, developed on a configurable stack of automation modules, and around 17,000 workforce working in 23 nations around the world, Exela rapidly deploys built-in technological innovation and operations as an end-to-end electronic journey associate

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Forward-Wanting Statements

Selected statements involved in this press release are not historic specifics but are ahead-on the lookout statements for functions of the risk-free harbor provisions below The Personal Securities Litigation Reform Act of 1995. Ahead-wanting statements generally are accompanied by text these types of as “may well”, “should”, “would”, “system”, “intend”, “foresee”, “imagine”, “estimate”, “forecast”, “likely”, “appear to be”, “seek out”, “keep on”, “long run”, “will”, “hope”, “outlook” or other identical text, phrases or expressions. These forward-searching statements include statements relating to our market, upcoming activities, believed or expected long term success and benefits, potential chances for Exela, and other statements that are not historic specifics. These statements are primarily based on the recent anticipations of Exela management and are not predictions of true performance. These statements are matter to a selection of challenges and uncertainties, like without the need of limitation those mentioned underneath the heading “Hazard Aspects” in Exela’s Annual Report and other securities filings. In addition, ahead-on the lookout statements provide Exela’s expectations, programs or forecasts of upcoming events and views as of the day of this interaction. Exela anticipates that subsequent events and developments will cause Exela’s assessments to change. These forward-hunting statements really should not be relied upon as representing Exela’s assessments as of any day subsequent to the day of this push launch.

Investor and/or Media Contacts:

Vincent Kondaveeti
E: [email protected]

Mary Beth Benjamin
E: [email protected]