Finance and Accounting Outsourcing (FAO) PEAK Matrix® Assessment 2024
Finance and Accounting Outsourcing (FAO)
The global multi-process Finance and Accounting Outsourcing (FAO) market experienced relatively slower growth in 2023 due to recessionary headwinds in early part of the year and consequential delays in enterprise decision-making, especially on large-scale deals. However, in the second half, as the market saw stabilization’s early signs in decision cycles, enterprises exhibited greater investment appetite for transformation. While focus on quick wins remained a primary objective, the enhanced focus on organizational transformation propelled greater IT-BPO integrated deals as compared to pre-COVID-19 times. Recent macroeconomic events – such as surging inflation, recession, geopolitical instability, and high interest rates – have made enterprises more receptive to leveraging third-party providers for their finance functions.
Finance and Accounting Outsourcing (FAO) PEAK Matrix® Assessment 2024
What is in this PEAK Matrix® Report
In this research, we focus on:
- Everest Group’s FAO services PEAK Matrix® evaluation, a comprehensive assessment of 33 FAO service providers
- 2024 FAO PEAK Matrix Leaders, Major Contenders, and Aspirants, as well as Star Performers
- 2024 O2C PEAK Matrix Leaders, Major Contenders, and Aspirants
- Service provider capability assessment
- FAO service provider landscape
- Each FAO service provider’s key strengths and limitations
Scope
- Geography: global
- Services: FAO
Finance and Accounting Outsourcing (FAO) PEAK Matrix® Assessment 2023
What is in this PEAK Matrix® Report
In this research, we focus on:
- Everest Group’s FAO services PEAK Matrix® evaluation, a comprehensive assessment of 28 FAO service providers
- 2023 FAO PEAK Matrix Leaders, Major Contenders, and Aspirants, as well as Star Performers
- 2023 O2C PEAK Matrix Leaders, Major Contenders, and Aspirants
- Service provider capability assessment
- The FAO service provider landscape
- Key strengths and limitations of each FAO service provider
Scope
- Geography: global
- Services: FAO
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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.
