XBP Global Holdings (XBP) announced a new five-year agreement with an IT service provider in Germany’s statutory accident insurance sector, BG-Phoenics GmbH, with an estimated value of up to EUR21.5M. Under this multi-year engagement, XBP Global will serve as a full-service provider for incoming mail processing. Leveraging its AI powered Intelligent Document Processing Software platform, advanced scanning technologies, XBP Global will process and digitize up to 148 million pages over the contract duration.
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