The global multi-process Finance and Accounting Outsourcing (FAO) market has continued to grow at a steady rate of approximately 10% in 2022. Surging inflation, a recessionary environment, and geopolitical instability, coupled with pandemic-induced volatility, are driving enterprises to leverage third-party provider support for their finance functions. The need for digital transformation, an increasing number of first-time outsourcers, and growing demand for next-generation technology and high-end Finance and Accounting (F&A) work from mature outsourcers will continue to drive market growth in the near-term.
Some of the key means by which providers are differentiating themselves is by offering end-to-end transformation solutions, combined with domain and industry expertise and innovative Environmental, Social, and Governance (ESG) solutions, flexible pricing models, a design thinking-led approach, transformation frameworks, and next-generation offerings leveraging automation and analytics.
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Finance and Accounting Outsourcing (FAO) – Service Provider Landscape with PEAK Matrix® Assessment 2022
In this research, we assess FAO service providers based on their vision & capabilities and market impact and position them on the Everest Group PEAK Matrix®.
Content:
This report includes:
- Everest Group’s Services PEAK Matrix® evaluation, a comprehensive assessment of 27 FAO service providers
- 2022 FAO PEAK Matrix® Leaders, Major Contenders, and Aspirants, as well as Star Performers
- Service provider capability assessment
- FAO service provider landscape
- Key strengths and limitations of each FAO service provider
Scope:
- Geography: global
- Services: FAO
READ ON - Everest Group’s Services PEAK Matrix® evaluation, a comprehensive assessment of 27 FAO service providers
What is the PEAK Matrix®?
The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.
