TechNavio recognizes the following companies as the key players in the Global Finance and Accounting BPO Market: Accenture plc, IBM Corp., Genpact Ltd., and Cap Gemini S.A.
Commenting on the report, an analyst from TechNavio’s team said: “Earlier, F&A BPO services were limited to large enterprises. Medium-sized enterprises had very limited options when adopting F&A BPO services, and this was mainly because they did not such services until now or could not afford it. In the past few years, medium-sized enterprises have become increasingly aware of the significance of outsourcing F&A activities. Hence, vendors have started focusing on the mid-market, which includes medium-sized enterprises, as they promise better revenue generation. This trend has created an opportunity for F&A BPO vendors to develop new versions of their products to attract mid-market enterprises, thus improving their presence in the market. A few new vendors in the Global F&A BPO market have recently entered the market with an offering that is positioned to capitalize on this trend. The combination of their pricing models, capabilities, and ease of management make them appealing, especially to medium-sized enterprises. ”
According to the report, one of the major growth drivers in the market is the increasing focus of enterprises on core competencies, which they achieve by outsourcing their F&A activities.
Further, the report states that it is often observed that service providers invest in infrastructure and capacity to deliver cost effective resources; but lack adequate knowledge of the business domain. Also, since most of the service providers are from the emerging countries such as India, there are very few domain experts at the service provider base; this could adversely impact the growth of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-finance-and-accounting-bpo-market…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Finance and Accounting BPO Market 2012-2016
