Exela Technologies Expands AI Automation Offering

Business process automation (BPA) company Exela Technologies, Inc (NASDAQ: XELA) expanded its AI-enabled automation offering in the BPA space with Intelligent Document Processing (IDP) combined with its robotic process automation platform (EON).
IDP enables the automation of document classification, data extraction, and data routing into a cloud or on-premise hosted service portal that provides a containerized, dynamically scaling solution accessible from anywhere on-demand.
Using the IDP system, Exela has begun leveraging machine learning-based classifiers that significantly augment document processing automation in the healthcare and public sector and has plans to ramp up projects in the finance and legal sectors soon.
EON can automate workflows to achieve efficiency and accuracy gains and free up human capital for higher-value uses.
Price action: XELA shares traded higher by 17.71% at $3.43 on the last check Monday.

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