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Finance and Accounting Outsourcing (FAO) – Service Provider Landscape with PEAK Matrix® Assessment 2022
PEAK Matrix® Report
30 Sep 2022
by
Shirley Hung, Vignesh Kannan, Abhishek Singh (BPS), Asmita Das
The global multi-process Finance and Accounting Outsourcing (FAO) market has continued to grow at a steady rate of approximately 10% in 2022. Surging inflation, a recessionary environment, and geopolitical instability, coupled with pandemic-induced volatility, are driving enterprises to leverage third-party provider support for their finance functions. The need for digital transformation, an increasing number of first-time outsourcers, and growing demand for next-generation technology and high-end Finance and Accounting (F&A) work from mature outsourcers will continue to drive market growth in the near-term.
Some of the key means by which providers are differentiating themselves is by offering end-to-end transformation solutions, combined with domain and industry expertise and innovative Environmental, Social, and Governance (ESG) solutions, flexible pricing models, a design thinking-led approach, transformation frameworks, and next-generation offerings leveraging automation and analytics.
In this research, we assess FAO service providers based on their vision & capabilities and market impact and position them on the Everest Group PEAK Matrix®.
Scope
- Geography: global
- Services: FAO
Contents
In this research, we focus on:
- Everest Group’s Services PEAK Matrix® evaluation, a comprehensive assessment of 27 FAO service providers
- 2022 FAO PEAK Matrix® Leaders, Major Contenders, and Aspirants, as well as Star Performers
- Service provider capability assessment
- FAO service provider landscape
- Key strengths and limitations of each FAO service provider
Membership(s)
Finance and Accounting
Sourcing and Vendor Management
Page Count: 72
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