STAMFORD, Conn.–(BUSINESS WIRE)–Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, has launched a research study examining finance and accounting outsourcing services that help businesses make their financial operations more efficient and effective.
The results of the study will be published in a comprehensive ISG Provider Lens™ report, Finance and Accounting Outsourcing Services 2022, scheduled for release in September. The report will cover service providers ranging from simple cash order (O2C) transactional operations to complex financial planning and analysis (FP&A) processes that support strategic decision-making.
Enterprise Buyers will be able to use the information in the report to assess their current vendor relationships, potential new engagements, and available offers, while ISG Advisors will use the information to recommend vendors to the Enterprise’s Buyer customers. .
In recent years, companies have shifted finance and accounting outsourcing (FAO) engagements from transactional contracts to holistic partnerships. In the face of supply chain disruptions and organizational changes triggered by the COVID-19 pandemic, companies are increasingly willing to transform their financial and accounting operations using digital technologies. This can reduce costs, increase efficiency and productivity, improve data accuracy, and improve customer experience. Emerging technologies, including data analytics, intelligent automation, AI, and blockchain, offer new ways to improve M&A processes.
“Every CAM contract signed over the past two years has included automation and analytics,” said Jan Erik Aase, Partner and Global Leader, ISG Provider Lens Research. “Leading service providers can help customers find the best mix of technologies to transform their operations.”
ISG distributed surveys to more than 30 FAO service providers. Working in conjunction with ISG’s global advisors, the research team will produce four quadrants representing the CAM services that the typical company purchases, based on ISG’s experience working with its clients. The four quadrants are:
- Provision-to-pay (P2P) servicesEvaluating vendors who can perform all accounts payable processes, from entering and processing invoices to ensuring timely payment.
- Order-to-Cash (O2C) services, Evaluate end-to-end O2C service providers to efficiently receive and respond to customer inquiries, which can reduce backlog days and improve a company’s pricing flexibility.
- Record-to-Report (R2R) Servicescovering businesses that provide end-to-end R2R services, such as general ledger accounting and reconciliation, regulatory compliance, and risk management, using tools that include automation and analytics advanced business.
- Financial Planning and Analysis (FP&A) Servicesevaluating vendors that provide comprehensive and meaningful data and information for functions such as budgeting, forecasting, financial planning, and M&A and divestiture analysis.
A quadrant report will cover the global finance and accounting outsourcing services market and examine the products and services available globally. ISG analysts Angus Macaskill and Jocelyn Cheung will be the authors of the report.
An archetype report will also be released as part of this study. This report, unique to the ISG, is the study of typical types of purchasers of FAO services as observed by ISG advisers.
A list of identified suppliers and vendors and further details of the study are available in this digital brochure. Companies that are not on FAO’s list of service providers can contact ISG and ask to be included in the study.
All ISG Provider Lens™ 2022 assessments now feature new and expanded customer experience (CX) data that measures the actual business experience with specific provider services and solutions, based on ongoing research from ISG on customer experience. Business customers wishing to share their experience on a specific vendor or supplier are encouraged to register here to receive a personalized survey URL. Participants will receive a copy of this report in exchange for their comments.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only service provider assessment of its kind to combine data-driven empirical research and market analysis with the real-world experience and insights of the global advisory team. from ISG. Companies will find a wealth of detailed data and market analysis to help them select appropriate sourcing partners, while ISG advisors will use the reports to validate their own market knowledge and make recommendations to client companies. from ISG. The search currently covers providers offering their services worldwide, across Europe, as well as in the US, Canada, Brazil, UK, France, Benelux, Germany, Switzerland , Nordics, Australia and Singapore/Malaysia, with additional markets to be added. in the future. For more information on the ISG Provider Lens research, please visit this webpage.
A complementary research series, the ISG Provider Lens Archetype Reports, offers an initial assessment of providers from the perspective of specific buyer types.
ISG (Information Services Group) (Nasdaq: III) is a global leader in technology research and consulting. A trusted business partner to more than 800 customers, including more than 75 of the world’s 100 largest enterprises, ISG is committed to helping enterprises, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The company specializes in digital transformation services, including automation, cloud, and data analytics; procurement advice; governance and risk management managed services; network operator services; design of strategy and operations; change management; business intelligence and technology research and analysis. Founded in 2006 and headquartered in Stamford, Connecticut, ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries – a global team known for its innovative thinking, market influence, deep expertise in industry and technology and its world-class expertise. research and analysis capabilities based on the most comprehensive market data in the industry. For more information, visit www.isg-one.com.