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  • Aug. 30, 2024
    In today's volatile and competitive business environment, the Order-to-Cash (O2C) process, a traditionally back-office function of Finance and Accounting (F&A), has emerged as a critical focal point for enterprises. Serving as the converging hub of F&A, supply chain management, sales, and customer experience management (CXM) functions, it presents a unique opportunity to improve cash flow, minimize risks, and elevate stakeholder experience. Evolving customer expectations have created an urgent need for enterprises to technologically transform their O2C processes and create a connected O2C technology ecosystem. To address evolving enterprise priorities, the O2C technology landscape is undergoing several developments such as new providers’ rapid emergence, scope expansion, investments in AI, and increased focus on contextualization. This report highlights the challenges enterprises face with the O2C function’s current state and establishes the urgent need to improve O2C processes. It explores a technology-powered O2C function’s business benefits and provides insights into the O2C technology space’s recent developments and future outlook. This report also includes various O2C technology providers’ comprehensive profiles, covering their solutions and offerings, client footprint, and partnerships. Scope All industries and geographies Contents In this report, we focus on: Challenges in the O2C function’s current state A technology-powered O2C function’s key business benefits The O2C technology provider landscape’s overview Recent developments shaping up the O2C technology space Future outlook Key O2C technology providers Membership(s) Finance and Accounting Sourcing and Vendor Management
  • Oct. 11, 2022
    The vital role of finance processes in organizational performance has made finance leaders attentive to the dynamic business environment and how it impacts financial performance. In the past two years, CFOs have worked hard to support their organizations’ short-term survival, while taking advantage of large-scale disruptions to drive the changes necessary to gain long-term competitive advantage. To understand how CFOs’ roles and business imperatives are evolving, Everest Group conducted the Global CFO Survey 2022, whose findings we lay out in this report. Scope Industries including insurance, CPG & retail, hi-tech & technology, life sciences, manufacturing, airlines, and hospitality Geographies including North America, UK & Europe, Asia Pacific, and the Middle East and Africa Source: Global CFO Survey 2022, in which more than 300 CFOs and their direct reports participated Contents In this study, we share key findings and insights from the Global CFO Survey 2022, including: The current state of finance priorities Key organizational and transformational initiatives that CFOs have undertaken in the recent past The building blocks for enabling change in the F&A function Membership(s) Finance and Accounting Sourcing and Vendor Management
  • May 02, 2022
    The demand for superior customer experience, accelerated time-to-market, and continuous innovation, especially after the pandemic, are compelling organizations to rapidly undertake digital transformation efforts, leaving operations leaders with little time to keep up with these new innovations. An integrated operations transformation approach is a force multiplier that enables better business outcomes from digital transformation. In this research, we explore how finance leaders can evaluate, redesign, and realign operations across infrastructure, core systems, and process layers to help optimize and realize more value from their digital transformation efforts. Scope Function: Finance and Accounting (F&A) All industries and geographies Contents In this report, we discuss: Key challenges in F&A digital transformation initiatives and understanding organizational operations maturity levels An integrated approach to F&A operations transformation Key success drivers and the role of third-party providers Membership(s) Finance and Accounting Sourcing and Vendor Management
  • June 14, 2021
    As organizations transition to a post-pandemic world, they are leveraging superior customer experience as a differentiator and an engine for growth. Organizations are also recognizing that, along with the customer, the agent is a pivotal component of Customer Experience (CX). In fact, the two are inextricably linked – a good agent experience consistently leads to a good customer experience and vice versa. But in a world of finite resources and competing priorities, the agent experience is often ignored and existing efforts are not enough to improve agents’ overall satisfaction with their experience at work. With the augmented role of customer service agents at the center of a seamless CX model, organizations have started to recognize the tangible benefits of enhancing the agent journey. They have started working toward improving agent experience by addressing agents’ pain points, eliminating skill gaps, and providing them the tools they need to succeed in order to ensure consistent, engaging customer experiences that drive positive business and talent outcomes, long-term sustainable growth, and brand equity. In this viewpoint, we examine the connection between agent and customer experience, including its broader business impact. We recommend that organizations should work with an agent-centric mindset and thoughtfully deploy technology and restructure business processes to prioritize agents’ physical and mental well-being. Scope: All industries and geographies Contents: In this viewpoint, we answer the following questions: What is agent experience, and how does it impact customer experience and the broader business? What workplace challenges do agents face, and what are the key drivers of agent experience and engagement? What measures should companies take to improve agent experience? Membership(s) Customer Experience Management (CXM) Services, including Contact Center Outsourcing Sourcing and Vendor Management
  • Dec. 15, 2020
    The threat of COVID-19 has caused unprecedented levels of global disruption, requiring businesses to reassess their priorities. CFOs are busy helping their businesses navigate through an environment characterized by extreme uncertainty. At the same time, they recognize the dire need to develop a long-term strategy to enable their businesses to remain relevant and viable as they come out of this period of disruption. To understand how CFOs’ roles and business imperatives are evolving, Everest Group conducted the Global CFO Survey 2020, whose findings we lay out in this report. Scope All industries and geographies Source: Global CFO Survey 2020, in which more than 300 CFOs and their direct reportees across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa from more than 20 industry sectors participated Contents In this study, we share key findings and insights obtained through the Global CFO Survey 2020 and present them under the following topics: COVID-19 disruption – impact and CFO reactions Emergence of a new normal Building a future-ready organization Membership(s) Finance & Accounting Outsourcing Sourcing and Vendor Management
  • June 23, 2020
    On June 23, Everest Group hosted a webinar titled, "Scaled and Sustainable: How to Plan Your Global Business Services WFH Strategy." The future is now for Work From Home (WFH). While WFH is not a new concept, COVID-19 has dramatically changed the way global leaders look at the need for, and benefits of, WFH. As a result, scaled WFH is inevitable in the global services industry, even after COVID-19-related restrictions ease. In this webinar, we share insights you can use in developing your global business services (GBS) WFH strategy including: Convictions on the future state of WFH adoption Business case for scaled WFH adoption Best practices for integrating WFH into delivery models
  • Nov. 02, 2018
    During 2016-2017, the global strategic sourcing BPO market grew at a CAGR of 12-17% to reach approximately US$1 billion. The growth is driven by an increase in outsourcing of strategic sourcing by enterprises to leverage service providers’ category expertise and digital capabilities. However, the enterprises face several difficulties when selecting a procurement provider. The key reason is that, in addition to many broad-based BPO players, there are several niche procurement consulting firms. The market is fast-evolving and continues to reshape with acquisitions, partnerships, and emergence of new players. In this study, we analyze the strategic sourcing BPO market. We focus on: Market overview and adoption by geography, industry, and buyer size Advantages and challenges to strategic sourcing adoption by enterprises PO service provider landscape and analysis of emergence of niche procurement consulting firms and changing service provider landscape The scope of analysis includes: Third-party PO deals; it does not include shared services or Global In-house Centers (GICs) Coverage across 30+ broad based PO service providers and niche procurement consulting firms, namely, 4C Associates, Accenture, Aegis, Aquanima, Argon Consulting, Capgemini, CenterPoint Group, CGN Global, ChainIQ, Corbus, Dragon Sourcing, Dryden Group, Efficio Consulting, Genpact, GEP, Gibson Consulting Group, HCL, IBM, Infosys, Inprova Group, Insight Sourcing Group, Optibuy, Paladin Associates, Pinnacle Sourcing, ProcureAbility, Procure It Right, Proxima, TCS, Wipro, and WNS Membership(s) Procurement Outsourcing (PO)