This report identifies key demand-side trends in the F&A business process transformation space to help enterprises fine-tune their operations. It provides an overview of key observations and business challenges that Avasant considers important to highlight in the F&A outsourcing space.
Why read this Market Insights?
The F&A outsourcing industry is experiencing a paradigm shift fueled by the integration of advanced technologies and a heightened focus on delivering value-driven services. Providers are increasingly leveraging generative AI, ML, and RPA to optimize processes such as accounts payables/receivables, financial planning and analysis, and compliance reporting. These technologies enable real-time insights, enhanced accuracy, and cost efficiency.
The Finance and Accounting Business Process Transformation 2024–2025 Market Insights aids organizations in identifying important market trends and expectations for any F&A services projects that they engage in.
Methodology
The industry insights presented in this report are based on the following: our ongoing interactions with enterprise CXOs and other key executives; targeted discussions with service providers, subject matter experts, and Avasant Fellows; analyst insights from primary and secondary research; and lessons learned from consulting engagements.
Table of contents
About the report (Page 3)
Executive summary (Pages 4–7)
- Definition and scope
- Key F&A market trends shaping the industry
- Avasant recognizes 22 top-tier providers offering finance and accounting business process transformation services
(Pages 8–12)
- Gen AI combined with automation and RPA is transforming the F&A landscape with implementation in several key areas.
- There is an increased demand for FP&A, record-to-report, and risk and compliance services to adapt to the evolving market dynamics.
- Manufacturing, retail, utilities, and healthcare and life sciences industries show the highest demand, collectively accounting for over 50% of the providers’ revenue.
- Industry-specific solutions are gaining traction as companies look for tailored solutions to address unique financial and operational needs.
Key contacts (Page 13)
Read the Research Byte based on this report.
Please refer to Avasant’s Finance and Accounting Business Process Transformation 2024–2025 RadarView™ for detailed insights on the service providers and supply-side trends.
