Current cost pressures and the increased need for regulatory compliance to avoid costly penalties from tax authorities have accelerated the adoption of tax outsourcing. Tax outsourcing lowers operating costs for organizations and provides them access to better quality, scalable talent and the ability to transform their tax functions. Organizations are leveraging tax providers’ services through various constructs such as tax advisory, technology support, managed services, and tax CoE setups. In this report, we explore the capabilities of different types of tax providers, such as the Big 4s, tax specialists, and traditional F&A managed services providers. Furthermore, we explore how the convergence of providers’ capabilities will likely characterize the tax service provider landscape’s future, as providers aim to be the jacks of all trades beyond their current primary area(s) of focus. Scope All industries and geographies Contents In this report, we examine: The recent evolution of tax sourcing The engagement between enterprises and tax service providers Tax service provider landscape’s recent evolution and future Memberships Finance and Accounting Sourcing and Vendor Management

In the ever-evolving landscape of Banking and Financial Services (BFS), regulatory compliance stands as a cornerstone for sustainable operations and growth. This report meticulously dissects the dynamic regulatory environment surrounding BFS, highlighting key themes and trends shaping the industry’s trajectory. By ana historical trends of collapses, frauds and noncompliance, the report provides insights into regulators’ psyche and offers a nuanced exploration of the multifaceted factors influencing regulatory dynamics. Through rigorous analysis, the report not only identifies emerging challenges but also illuminates strategic opportunities for BFS enterprises to effectively navigate regulatory complexities. By delving into compliance costs, geographical disparities, and the strategic outsourcing journey for regulatory compliance, the report provides actionable insights tailored to the unique market standing and regulatory exposure of large enterprises, including banks, FinTechs, financial services firms, and niche providers. It also serves as a guiding beacon for BFS stakeholders, offering an actionable framework to assess regulatory compliance maturity, optimize operational efficiencies, and drive sustainable growth amid regulatory uncertainties. Scope Industry: BFS Geography: global Contents In this report, we examine: The evolving regulatory landscape in the BFS sector The motivations driving regulatory interventions Regulatory requirements for different BFS enterprises The strategic role of outsourcing in compliance Membership(s) Banking and Financial Services Business Process Outsourcing Excellence

In this research, we provide a comprehensive system-readiness checklist for insurers and analyze 12 leading IFRS 17 technology platform vendors, focusing on their capabilities across accounting, actuarial, and data management. The new reporting standard, IFRS 17, was finalized in May 2017 and is now expected to be introduced on January 1, 2023. Our assessment is based on Everest Group’s proprietary transaction intelligence database, public disclosures, and discussions with enterprises, technology vendors, and service providers. Scope We have assessed capability maturity for the following 12 IFRS 17 platform vendors: Aptitude Software, AON, FIS, IBM, Legerity, Moody’s Analytics, Oracle, RNA Analytics, SAS, SAP, Tagetik, and Willis Towers Watson Contents We study the following topics in this report: Background and definition of IFRS 17 reporting standards for insurers Implications of IFRS 17 on actuarial processes and financial reporting Enterprise system readiness for IFRS 17 Assessment and capability dashboard for IFRS 17 reporting solutions Scope of services provided by IT service providers for compliance with IFRS 17 Membership(s) Insurance - IT Services (ITS)