Tag: business process services

Ready to Learn More About the Next Wave in Intelligent Document Processing? | Webinar

Session held live on Thursday, May 30, 2019 | 9 a.m. CDT, 10 a.m. EDT, 3 p.m. BST, 7:30 p.m. IST | Hosted by WorkFusion with Everest Group guest speaker, Anil Vijayan, Practice Director, Everest Group View On-demand Join this webinar to learn more about how your organization can benefit from intelligent document processing (IDP). IDP includes capturing data from documents, categorizing and extracting relevant data for further processing using AI technologies such as computer vision, optical character recognition (OCR), natural language processing (NLP), and machine/deep learning. Key takeaways:
  • IDP solutions can be applied to a wide variety of use cases from different business functions and verticals
  • Adoption of IDP solutions can not only help enterprises achieve cost savings, but also improve their workforce productivity and employee & customer experiences
  • These products are also rapidly evolving in the sophistication of their capabilities, features and functionalities
 

South African Business Process Services in Demand Due to Cost-Efficiency | In the News

A global recognition has just been handed to the South African business process services (BPS) sector. Industry analysts suggested that global demand for the country's provisions is largely due to affordable prices. Industry stakeholders have been promoting South Africa's BPS sector as part of the scheme to lead investors into the fold and the plan includes providing cost-efficient offers, IT News Africa reported. Research from Everest Group revealed that the country's BPS sector saw an annual growth of 22 percent for four consecutive years. Read more in Business Times

South Africa Recognised as Global Destination for Business Process Service | In the News

Following significant investments from key industry players and renewed focus on the sector from government, South Africa has emerged as a global destination of choice for Business Process Services (BPS). “In an unprecedented and seminal moment for the market, a sitting president specifically mentioned the BPS sector in a State of the Nation Address,” comments Kabelo Makwane, MD for Operations at Accenture in Africa. However, South Africa’s BPS industry stakeholders have made significant efforts to develop and promote hubs of competency within the major economic regions of Gauteng, the Western Cape and Kwazulu-Natal. These efforts have yielded compelling results, with the local BPS industry growing 22% annually over the past four years, according to research by Everest Group, which is twice the global industry growth rate. Read more in IT News Africa

Everest Group Unveils Fourth Annual Business Process Services Top 50 | Press Release

ADP remains No. 1, Teleperformance leaps two spots to No. 2 and Accenture retains No. 3 ranking among world’s largest third-party BPS providers Everest Group, a consulting and research firm focused on strategic IT, business services, and sourcing, today released the fourth annual edition of “The Everest Group BPS Top 50™,” a ranking of the world’s largest third-party providers of business process services (BPS). The list was launched in 2015 as the first of its kind for the global industry, which today is valued at more than US$175 billion. This year’s ranking is based on both revenues (75 percent of the composite score used for ranking) and year-on-year growth, whereas the previous years’ rankings were based solely on revenues. Growth has two sub-parameters: absolute growth (measured as change in BPS revenue in US$ million, and accounting for 12.5 percent of the composite score) and percentage growth (measured as percentage change in BPS revenue, and accounting for the final 12.5 percent of the composite score). Everest Group estimates there are more than 200 service providers with more than US$50 million in revenues offering BPS services around the globe. What started as a cost optimization concept focusing on “non-core” and “back-office” business processes today permeates the entire business process value chain, addressing a wide variety of business objectives. “The industry has attracted many service providers from a broad range of backgrounds and heritages,” said Rajesh Ranjan, partner at Everest Group. “As digital forces create a new paradigm of value creation and service delivery, we are seeing a widening gap among providers in their capabilities and market success. By incorporating growth as an additional factor, we are making sure that the ranking reflects this. We also expect both the list and the rankings within to see greater volatility in coming years as this industry experiences accelerated change.” This list helps enterprises to identify the scaled-up providers and their functional coverage. It helps BPS service providers to compare themselves against others in the industry. ***Download a complimentary copy of the 2018 Everest Group BPS Top 50 list and analysis.*** Topping the 2018 list of BPS providers are these 10 leaders:
  1. ADP
  2. Teleperformance
  3. Accenture
  4. Conduent
  5. Paychex
  6. Concentrix
  7. DXC Technology
  8. Xerox
  9. Arvato Bertelsmann
  10. Genpact
Other highlights:
  • The cumulative revenue of the providers in the BPS Top 50 list grew by 7 percent year-on-year.
  • The highest growth rate for the past two years was logged by Alorica at 95 to 105 percent and was achieved largely through acquisitions in 2015 and 2016. Cognizant logged the second fastest growth rate at 22 to 25 percent and achieved this largely through organic growth.
  • North America-based service providers continue to dominate the list; however, the region’s overall share has declined versus 2016 (54 percent share versus 56 percent), while the Rest of Europe’s share has grown (up from 14 percent in 2016 to 22 percent in 2017).

Top 3 North American Providers:

  • ADP
  • Conduent
  • Xerox

Top 3 “Rest of Europe” Providers (excludes UK providers):

  • Accenture
  • Teleperformance
  • Arvato Bertelsmann

Top 3 APAC Providers:

  • TCS
  • Transcosmos
  • Relia
  • For the first time in three years, the number of specialist service providers increased their share of market as compared to broad-based service providers, driven by increases in the Contact Center Outsourcing (CCO) submarket. Broad-based providers now represent 56 percent of the market whereas specialists represent 44 percent. The top 5 broad-based providers are:
    • Conduent
    • Accenture
    • DXC Technology
    • Arvato Bertelsmann
    • Capita
  • Among the specialist providers, the following ranked highest in their respective specialty area:

Human Resource Outsourcing:

  1. ADP
  2. Paychex
  3. Fidelity

Contact Center Outsourcing:

  1. Teleperformance
  2. Convergys
  3. Alorica

Document Management:

  1. Xerox
  2. Williams Lea Tag
  3. Iron Mountain
***Video: Watch “The Everest Group BPS Top 50 2018.***

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