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XBP Global Secures €21.5 Million, 5-Year AI-Driven Document Processing Contract With BG-Phoenics In Germany

Benzinga·12/11/2025 13:22:18
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XBP Global Holdings, Inc. ("XBP Global" or "the Company") (NASDAQ:XBP), a workflow automation leader that leverages decades of industry experience, a global footprint, and agentic AI to rethink business process automation and digital transformation, today announced a new five-year agreement with a leading IT service provider in Germany's statutory accident insurance sector, BG-Phoenics GmbH, with an estimated value of up to 21.5 million Euro.

Under this multi-year engagement, XBP Global will serve as a full-service provider for incoming mail processing, supporting the client's transformation from paper-based workflows to AI-driven digital document management. The contract, finalized earlier this month, highlights XBP Global's expanding footprint within the German public sector and its growing reputation as a strategic partner for high-volume, technology-enabled document management services.

Leveraging its AI powered Intelligent Document Processing (IDP) Software platform, advanced scanning technologies, XBP Global will process and digitize up to 148 million pages over the contract duration. The project will be delivered by XBP's Professional Services Group and Business Process Automation (BPA) teams, applying the company's deep expertise in optimizing document-centric workflows.