Benzinga | Oct 25, 2021 08:33AM EDT

Exela Technologies Reports Relationship For Its Digital Mailroom Solution With One Of the Largest Franchisors In The World, No Terms Disclosed

Exela Technologies, Inc. ("Exela" or "the Company") (NASDAQ: XELA), a global business process automation leader, today announced the Company's Digital Mailroom (DMR) solution will fully enable remote employees working at home and in field offices to access data securely and quickly at one the largest franchisors. Initially, Exela will deploy DMR to remote working employees stationed near headquarters as part of phase one then expand to other personnel working in the home office. Eventually all field offices will be able to access digital mail.

"The ever-evolving hybrid work environment has been a catalyst to our DMR solution and demand continues to rise across both enterprise and SMB customers," said Suresh Yannamani, President of Exela Technologies, "DMR's comprehensive feature set enabled us to sign one of the most recognizable logos on the globe."

DMR is a user-configurable, end-to-end document management system that digitizes mail and other documents to create secure, searchable, shareable digital assets. The platform also benefits from Exela's proprietary classification technology, which allows enterprises to intelligently route mail based on type to the relevant recipient or department without having to implement complex distribution and routing rules. This provides enterprise customers with the ability to receive and action critical correspondence in a timely and relevant fashion and also enables security teams to monitor volume and type of communications received outside of the usual electronic channels. In addition to business continuity, DMR provides a substantial opportunity for cost savings and efficiency gains.

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