The report helps enterprises identify key providers to transform their finance and accounting (F&A) operations. It begins with a summary of key trends that are shaping the F&A space. We then continue with detailed assessments of 21 providers offering their services in the F&A outsourcing domain. Each profile provides an overview of the service provider, its key intellectual property (IP) assets for F&A, and a list of clients and partnerships, along with brief client case studies. Each profile concludes with analyst insights on each provider’s practice maturity, domain ecosystem, and investments and innovation.
With the COVID-19 pandemic continuing to impact several industries, enterprises are looking to form strategic partnerships with F&A providers and pursue multitower F&A outsourcing deals to ensure business continuity. Providers are responding by developing industry-specific solutions, bringing in platform capabilities, hiring extensively in judgmental processes, and developing joint solutions with their key partners.
The F&A Business Process Transformation 2021–2022 RadarView™ highlights key outsourcing trends in the F&A space and Avasant’s viewpoint on them. It aims to aid companies in identifying the top service providers to transform their F&A operations. It also offers an analysis of service providers’ capabilities in technology, domain expertise, and delivery-related support for enabling enterprises to identify strategic partners for their F&A transformation.

This RadarView includes a detailed analysis of the following F&A service providers: Accenture, Capgemini, Cognizant, Concentrix, Conduent, Datamatics, DXC, Exela Technologies, EXL, Genpact, HCL, IBM, Infosys, IQ BackOffice, NTT DATA, Sopra Steria, Sutherland, TCS, Tech Mahindra, Wipro, and WNS.
The industry insights and recommendations are based on our ongoing interactions with enterprise chief experience officers and other key executives, targeted discussions with service providers, subject matter experts, and Avasant fellows, and lessons learned from consulting engagements.
Our evaluation of service providers is based on primary input from the providers, focused briefings, public disclosures, validation from their clients, and our ongoing market interactions. The assessment is across the three dimensions of practice maturity, domain ecosystem, and investments and innovation, leading to our recognition of those service providers that have brought the most value to the market over the last 12 months.
About the report (Page 3)
Executive summary (Pages 4–7):
F&A business process transformation market trends (Pages 8–20):
RadarView overview (Pages 21–26):
Service provider profiles (Pages 27–69):
Read the Research Byte based on this report.
Avasant’s research and other publications are based on information from the best available sources and Avasant’s independent assessment and analysis at the time of publication. Avasant takes no responsibility and assumes no liability for any error/omission or the accuracy of information contained in its research publications. Avasant does not endorse any provider, product or service described in its RadarView™ publications or any other research publications that it makes available to its users, and does not advise users to select only those providers recognized in these publications. Avasant disclaims all warranties, expressed or implied, including any warranties of merchantability or fitness for a particular purpose. None of the graphics, descriptions, research, excerpts, samples or any other content provided in the report(s) or any of its research publications may be reprinted, reproduced, redistributed or used for any external commercial purpose without prior permission from Avasant, LLC. All rights are reserved by Avasant, LLC.
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