XBP Europe Selected for AGIRC-ARRCO’s Digital Transformation Framework
XBP Europe's French subsidiary has been selected as one of four suppliers for AGIRC-ARRCO's digital transformation framework, estimated to exceed €25 million in total value. AGIRC-ARRCO, which manages France's private-sector supplementary pension scheme, serves 27 million employees and 1.8 million companies, distributing €90 billion annually.
XBP Europe will compete for multiple projects within the framework, planning to implement its IDP/TTY, workflow solutions, and Digital Mailroom platforms to support pension applications and administrative services related to pension contributions. The company aims to enhance efficiency and accuracy in data digitization and workflow automation for AGIRC-ARRCO's operations.
La filiale francese di XBP Europe è stata selezionata come uno dei quattro fornitori per il quadro di trasformazione digitale di AGIRC-ARRCO, il cui valore totale è stimato superiore a 25 milioni di euro. AGIRC-ARRCO, che gestisce il regime pensionistico integrativo del settore privato in Francia, serve 27 milioni di dipendenti e 1,8 milioni di aziende, distribuendo annualmente 90 miliardi di euro.
XBP Europe concorrerà per diversi progetti all'interno del quadro, pianificando di implementare le sue soluzioni IDP/TTY, le soluzioni di workflow e le piattaforme Digital Mailroom per supportare le domande pensionistiche e i servizi amministrativi legati ai contributi pensionistici. L'azienda mira a migliorare l'efficienza e l'accuratezza nella digitalizzazione dei dati e nell'automazione dei flussi di lavoro per le operazioni di AGIRC-ARRCO.
La filial francesa de XBP Europe ha sido seleccionada como uno de los cuatro proveedores para el marco de transformación digital de AGIRC-ARRCO, cuyo valor total se estima en más de 25 millones de euros. AGIRC-ARRCO, que gestiona el régimen de pensiones complementarias del sector privado en Francia, atiende a 27 millones de empleados y 1.8 millones de empresas, distribuyendo anualmente 90 mil millones de euros.
XBP Europe competirá por múltiples proyectos dentro del marco, planeando implementar sus soluciones IDP/TTY, soluciones de flujo de trabajo y plataformas de Digital Mailroom para apoyar las solicitudes de pensiones y los servicios administrativos relacionados con las contribuciones a pensiones. La empresa tiene como objetivo mejorar la eficiencia y la precisión en la digitalización de datos y la automatización de flujos de trabajo para las operaciones de AGIRC-ARRCO.
XBP 유럽의 프랑스 자회사가 AGIRC-ARRCO의 디지털 전환 프레임워크의 네 개 공급업체 중 하나로 선정되었습니다. 이 프레임워크의 총 가치는 2500만 유로를 초과할 것으로 예상됩니다. AGIRC-ARRCO는 프랑스의 민간 부문 추가 연금 제도를 관리하며, 2700만 명의 근로자와 180만 개의 기업에 서비스를 제공하고 연간 900억 유로를 분배합니다.
XBP 유럽은 이 프레임워크 내에서 여러 프로젝트에 경쟁할 예정이며, 연금 신청 및 연금 기여금과 관련된 행정 서비스를 지원하기 위해 IDP/TTY, 워크플로우 솔루션 및 디지털 메일룸 플랫폼을 구현할 계획입니다. 이 회사는 AGIRC-ARRCO의 운영을 위한 데이터 디지털화 및 워크플로우 자동화의 효율성과 정확성을 향상시키는 것을 목표로 하고 있습니다.
La filiale française de XBP Europe a été sélectionnée comme l'un des quatre fournisseurs pour le cadre de transformation numérique d'AGIRC-ARRCO, dont la valeur totale est estimée à plus de 25 millions d'euros. AGIRC-ARRCO, qui gère le régime de retraite complémentaire du secteur privé en France, sert 27 millions de salariés et 1,8 million d'entreprises, distribuant 90 milliards d'euros par an.
XBP Europe va concourir pour plusieurs projets au sein du cadre, prévoyant de mettre en œuvre ses solutions IDP/TTY, solutions de workflow et plateformes Digital Mailroom pour soutenir les demandes de retraite et les services administratifs liés aux contributions de retraite. L'entreprise vise à améliorer l'efficacité et la précision dans la numérisation des données et l'automatisation des flux de travail pour les opérations d'AGIRC-ARRCO.
Die französische Tochtergesellschaft von XBP Europe wurde als einer von vier Lieferanten für den digitalen Transformationsrahmen von AGIRC-ARRCO ausgewählt, dessen Gesamtwert auf über 25 Millionen Euro geschätzt wird. AGIRC-ARRCO, das das private Zusatzrentensystem Frankreichs verwaltet, bedient 27 Millionen Mitarbeiter und 1,8 Millionen Unternehmen und verteilt jährlich 90 Milliarden Euro.
XBP Europe wird sich um mehrere Projekte innerhalb des Rahmens bewerben und plant, seine IDP/TTY, Workflow-Lösungen und Digital Mailroom-Plattformen zu implementieren, um Anträge auf Renten und verwaltungstechnische Dienste im Zusammenhang mit Rentenbeiträgen zu unterstützen. Das Unternehmen zielt darauf ab, die Effizienz und Genauigkeit in der Daten-Digitalisierung und Workflow-Automatisierung für die Abläufe von AGIRC-ARRCO zu verbessern.
- Selected as supplier for major French pension fund framework worth over €25M
- Access to large-scale client base: 27M employees and 1.8M companies
- Opportunity to expand service deployment in €90B annual payment system
- Competition with three other suppliers for framework projects
- Framework value of €25M is shared among all suppliers
Insights
The selection of XBP Europe for AGIRC-ARRCO's digital transformation framework marks a strategic breakthrough in the €90 billion French pension market. While the framework's
First, securing a position among just four suppliers for France's mandatory supplementary pension scheme provides exceptional validation of XBP's technological capabilities. AGIRC-ARRCO's massive scale - processing transactions for 27 million employees and 1.8 million companies - demands robust, enterprise-grade solutions, effectively positioning XBP as a tier-1 provider in the pension administration sector.
Second, the framework structure typically leads to long-term recurring revenue opportunities through multiple project wins. XBP's comprehensive suite of IDP/TTY, workflow solutions, and Digital Mailroom platforms aligns perfectly with pension funds' increasing need to digitize complex, paper-based processes and automate contribution management.
Third, this engagement could serve as a powerful reference case for targeting other European pension systems undergoing digital transformation. The AGIRC-ARRCO framework essentially provides XBP with a proven model for pension fund digitization that could be replicated across markets, potentially catalyzing significant business expansion in the €2.5 trillion European pension sector.
PARIS, Feb. 20, 2025 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP Europe” or “the Company”) (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, announced today that its French subsidiary has been selected as a supplier on a large-scale framework for sourcing data processing and payments services. The AGIRC-ARRCO framework is estimated to be in excess of a cumulative total of
AGIRC-ARRCO manages a compulsory supplementary pension scheme for private-sector employees in France. This is achieved via a confederation structure involving multiple member pension funds. The fund collects contributions from 27 million employees and 1.8 million companies, paying out
AGIRC-ARRCO has selected XBP Europe France, along with three other suppliers, to support pension applications and administrative services relating to pension contributions. XBP Europe intends to compete for multiple projects within the framework, aiming to deploy its state-of-the-art IDP/TTY, workflow solutions, and Digital Mailroom platforms.
"Our participation in the AGIRC-ARRCO framework reinforces XBP Europe's position as a trusted partner for digital transformations. We are proud to support AGIRC-ARRCO and its members with our expertise in data digitisation and workflow automation, ensuring efficiency, accuracy, and operational excellence," said Vitalie Robu, President at XBP Europe.
About XBP Europe
XBP Europe is a pan-European integrator of bills, payments and related solutions and services seeking to enable digital transformation of its more than 2,000 clients. The Company’s name – ‘XBP’ – stands for ‘exchange for bills and payments’ and reflects the Company’s strategy to connect buyers and suppliers, across industries, including banking, healthcare, insurance, utilities and the public sector, to optimize clients’ bills and payments and related digitization processes. The Company provides business process management solutions with proprietary software suites and deep domain expertise, serving as a technology and services partner for its clients. Its cloud-based structure enables it to deploy its solutions across the European market, along with the Middle East and Africa. The physical footprint of XBP Europe spans 15 countries and 32 locations and a team of approximately 1,500 individuals. XBP Europe believes its business ultimately advances digital transformation, improves market wide liquidity by expediting payments, and encourages sustainable business practices. For more information, please visit: www.xbpeurope.com.
Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Exchange Act, including certain financial forecasts and projections. All statements other than statements of historical fact contained in this press release, including statements as to future results of operations and financial position, revenue and other metrics planned products and services, business strategy and plans, objectives of management for future operations of XBP Europe, market size and growth opportunities, competitive position and technological and market trends, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by XBP Europe and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: (1) the outcome of any legal proceedings that may be instituted against XBP Europe or others and any definitive agreements with respect thereto; (2) the inability to meet the continued listing standards of Nasdaq or another securities exchange; (3) the risk that the business combination disrupts current plans and operations of XBP Europe and its subsidiaries; (4) the inability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of XBP Europe and its subsidiaries to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (5) costs related to the business combination; (6) changes in applicable laws or regulations; (7) the possibility that XBP Europe or any of its subsidiaries may be adversely affected by other economic, business and/or competitive factors; (8) risks related to XBP Europe’s potential inability to achieve or maintain profitability and generate cash; (9) the impact of the COVID-19 pandemic, including any mutations or variants thereof, and its effect on business and financial conditions; (10) volatility in the markets caused by geopolitical and economic factors; (11) the ability of XBP Europe to retain existing clients; (12) the potential inability of XBP Europe to manage growth effectively; (13) the ability to recruit, train and retain qualified personnel, and (14) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Annual Reports on Form 10-K filed on April 1, 2024 and, our subsequent quarterly reports on Form 10-Q and our current reports on Form 8-K as filed with the Securities and Exchange Commission (the “SEC”). These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Readers should not place undue reliance on forward-looking statements, which speak only as of the date they are made. XBP Europe gives no assurance that either XBP Europe or any of its subsidiaries will achieve its expected results. XBP Europe undertakes no duty to update these forward-looking statements, except as otherwise required by law.
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FAQ
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