Finance and Accounting Business Process Transformation 2024–2025 Market Insights™

January, 2025

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 812)

  • 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.

CONTACT US

DISCLAIMER:

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.

Welcome to Avasant

LOGIN

Login to get free content each month and build your personal library at Avasant.com

NEW TO AVASANT?

Click on the button below to Sign Up

Download

Welcome to Avasant