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F&A Business Process Transformation 2022–2023 RadarView™
The F&A Business Process Transformation 2022–2023 RadarView™ aims to help enterprises identify the correct finance digital transformation partner by detailing service capability and offering a portfolio of leading providers in the F&A space. It provides an all-encompassing view of major F&A service providers under three broad parameters: practice maturity, domain ecosystem, and investments and innovation. The 79-page report also highlights top industry trends in the F&A outsourcing space and Avasant’s viewpoint on them.
Finance and Accounting Outsourcing Driving Long-Term Business Value
Finance and accounting (F&A) outsourcing grew between 13% and 17% from June 2021 to June 2022. F&A outsourcing is expanding as enterprises entrust service providers with more strategic processes, such as tax and treasury. Additionally, companies want to deal with fewer service providers, leading to an increase in the number of multitower deals. For F&A outsourcing service providers combined, 50%–75% of their F&A revenue comes from providing end-to-end services, compared to function-specific projects. These trends are covered in Avasant’s F&A Business Process Transformation 2022–2023 RadarView™.