The global multi-process Finance and Accounting Outsourcing (FAO) market continued to grow at a steady rate of roughly 10% in 2021 despite surging inflation, recessionary headwinds, and geopolitical instability. The volatility that enterprises faced in the aftermath of the pandemic made them more willing to leverage third-party providers for their finance functions, with an uptick in complex, judgment-intensive Finance and Accounting (F&A) processes. The drive for digital transformation, increasing number of first-time outsourcers, and growing demand for next-generation technology and high-end F&A work from mature outsourcers continued to drive market growth in 2022.
This research provides comprehensive coverage of the FAO market and analyzes it across aspects such as regional variations, buyer adoption trends, growth drivers, and the impact of an imminent recession on F&A. The report will be relevant for stakeholders interested in creating future-ready finance functions for the next normal, including buyers / parent organizations, service providers, GBS organizations, and industry influencers such as investors and industry bodies.
Scope
All industries and geographies
This research leverages our interactions with 27 leading FAO service providers and enterprise stakeholders across locations and industries
Contents
In this research, we study:
Evolving CFO priorities in the current recessionary environment
