Press Release

FAO Research Launches 2007 "FAO Research Awards of Distinction" Program Nominations Have Begun for Best-in-Class Finance & Accounting Outsourcing Engagements

Boston, MA - February 27, 2007 - FAO Research, Inc., the only research firm focused exclusively on the Finance & Accounting Outsourcing (FAO) market, today announced that it has opened nominations for its first "FAO Research Awards of Distinction" to recognize and applaud organizations and suppliers that have teamed up to demonstrate best practices in meeting finance & accounting (F&A) operational and business objectives. The "FAO Research Awards of Distinction" recognize organizations and outsourcing service providers that are collaborating to provide industry leadership in improving F&A operations for competitive advantage.  Winners will be named in two key categories determined by the size of the business client - organizations under $5 billion in revenue and those with annual revenue of over $5 billion.  The top-scoring engagements will be announced in the May/June issue of FAO Today Magazine and in a special FAO Research report that will outline FAO best practices epitomized by the winning teams. There are numerous FAO engagements that have 'blown the roof off' their clients' expectations and have elevated this field to new heights," said Lisa Ross, CEO of FAO Research.  "Our 2007 Awards of Distinction are intended to recognize those companies and suppliers that achieved synergistic results through due diligence, good communication, hard work and uncompromised professionalism.  We want to ensure that their accomplishments are recognized by their peers and colleagues for the leadership they continue to demonstrate in these achievements." A select group of renowned outsourcing industry experts will serve as judges for these independent awards, all of whom are members of FAO Research's Advisory Council.  They are: 
  • Randy Parks, a sourcing-focused attorney from global law firm Hunton & William
  • Michael Steer, an FAO advisory specialist with PA Consulting Group in London
  • Jagdish Dalal, an independent sourcing consultant and a senior executive with the International Association of Outsourcing Professionals (IAOP)
  • Dan Masur, a partner in the outsourcing practice of global law Mayer, Brown, Rowe & Maw LLP
  • Doug Plotkin, a member of the management team of PA Consulting Group
  • Atul Vashistha, CEO of services globalization consulting firm neoIT
  • John Halvey, partner at international law firm Milbank and founder of its outsourcing practice group
  • Danny Ertel, founder and director of relationship management firm Vantage Partners and chairman of software firm Janeeva, Inc
  • Kevin Parikh, CEO and partner of sourcing consultancy Stradling Global Sourcing
FAO Research analysts and the award judges will weigh several attributes in determining winners.  In addition to quantifiable factors (size of contract, time into deployment(s), business objectives etc.), the criteria may include:
  • Alleviating business pains
  • Business transformation
  • Cost savings
  • Database/infrastructure consolidation/modernization
  • Ease/rapidity of deployment(s)
  • Increased efficiency in processes
  • Reduced reporting time (quarterly, annual, business intelligence)
  • Relationship/team building
  • Return on investment
  • "Road map" (game plan for sequence/timeline of multiple process deployments)
  • Regulatory compliance
Nomination forms are available at  Nominations are now open and will close on April 15, 2007. About FAO Research FAO Research, Inc. is the only independent research firm worldwide focused exclusively on the Finance & Accounting Outsourcing (FAO) market.  Based in Boston, Massachusetts, FAO Research conducts market research and performs custom consulting services for FAO service providers, advisors and companies that want to better understand FAO market activity, the supplier landscape and buyer needs.  With frequent publishing of reports and independent, unbiased viewpoints, FAO Research is a trusted source for impartial research and opinions.  In addition, FAO Research offers access to "FAO JobSearch" - the industry's only independent source for FAO-specific career enhancement services, including current worldwide job listings and career advice specific to the FAO market.  For more information, visit For more information: Joyce Radnor Spice Communications 617-787-5192 Lisa Ross, CEO and Founder FAO Research, Inc. #(617)787-FAOR (3267)