|
|
F&A Outsourcing Moves to the Mid-marketBut problems lurk for those who fail to understand the terrainTrends in Pricing of FAO ContractsFAO contract pricing is less standard and more case-by-case. Thus pricing is the most debatable part of such contract discussions. However, if trust is the underlying element of the relationship, Lisa sees no reason that antagonistic conversations should take place during pricing negotiationsChoosing the Best Outsourcing ApproachOne of the latest trends in finance outsourcing is that CFOs are seeking an integrated service delivery approach to outsourcing, instead of a piecemeal approach, to gain greater efficiency, effectiveness, and control and compliance of their finance and accounting (F&A) business processFAO to Achieve Strategic ObjectivesThe No. 1 reason for companies to consider outsourcing finance back-office functions is the need for cost reductions; however, we are seeing a myriad of additional drivers compelling companies to consider, and ultimately choose outsourcing as an operational alternativeShifting to an FAO 2.0 MindsetWhile cost reduction and process efficiency are still key drivers for FAO engagements, customers are adopting a wider scope of contracted services upfront, suggesting that the FAO market is now shifting to the age of FAO 2.0 differentiated from less sophisticated market demand for services
Everest Q3 Report: Financial Services Outsourcing Slowdown Will Regain Momentum in Early 2009Overall outsourcing transactions increased 15 percent over the previous quarter, valued at about U.S. $3.2 billion in ACV
Other Articles
'Security is Becoming Less of a Barrier'Global Services interacts with Drew Hofler, senior manager, Financial Solutions, Ariba, Inc. to understand the relationship between cloud and BFSI.
We Are Exploring SAP Based BPaaS Services/Technology For The Mid-Market in EuropeKevin Lightfoot, vice presidents, external communications,ACS,A Xerox Company offers his perspective on FAO
Small U.S.-Based Finance and Accounting Outsourcer Delivers Value of Large ProvidersFinance and accounting (F&A) service provider, Global Upside, accommodates the needs of smaller companies and start ups that are new to outsourcing.
'2011 Will be The FAO Year for Mid-Market Customers'Milind Godbole, President of Operations, Asia Pacific, Aditya Birla Minacs offers his perspective on FAO
F&A Outsourcing Market to Grow 15-20% in 2011FAO market growth continues to see strong adoption across most industries with manufacturing, financial services, retail, travel and logistics, and energy and utilities accounting for 70-75 percent of total FAO spending in 2010.
The Bill for SkillsIt is a decision that faces most small businesses once they start to grow - should they hire staff or outsource?Weighing the Benefits of IT InsourcingWhile insourcing has advantages and disadvantages in the global marketplace, some mid-market companies may benefit the most from the practice in a continuing economic downturn.FAO to Grow by Over 20 Percent in 2010, Says EverestThe study also reveals that although the number of contracts signed was lower in 2009 compared to recent years, organic growth through contract extensions picked up significantly and contributed to almost 40% of the ACV growth in 2009. Only 9% of end-of-term contracts were terminated, largely due to macro-economic conditions such as buyer bankruptcies and lower transaction volumesAssessing Risks in FAO for Financial InstitutionsThe financial sector may be back on its feet, but it certainly is not the time to rejoice. Assessment of risk is critical and the strategy for mitigation is still a necessityFix 'Broken' Processes Before Outsourcing F&AWhile most F&A organizations focus on transforming their business, its important that 'broken' processes are fixed, and end-to-end solution providers are considered to address the challenges faced by the industryBFSI is the Next Big Thing in Domestic OutsourcingMore than a dozen such deals later---including the game-changing contract with Bharti Airtel---IBM is the king of the hill in domestic IT outsourcing. Shanker Annaswamy, Regional General Manager of IBM India & South Asia, talks about Big Blue's journey so far and the road ahead. Excerpts from the exclusive interview:Corefino Intro's Outsourced Accounting Solution for Strategic CFO'sOffering a unique combination of software-as-a-service (SaaS), BPO and a custom-built technology portal, Corefino executives say they are the first to completely insulate organizations from a myriad of on-premise technology, staffing and changing accounting requirement headaches that restrict organizational successEverest Q3 Report: Financial Services Outsourcing Slowdown Will Regain Momentum in Early 2009Overall outsourcing transactions increased 15 percent over the previous quarter, valued at about U.S. $3.2 billion in ACVChoosing the Best Outsourcing ApproachOne of the latest trends in finance outsourcing is that CFOs are seeking an integrated service delivery approach to outsourcing, instead of a piecemeal approach, to gain greater efficiency, effectiveness, and control and compliance of their finance and accounting (F&A) business processAverage Size of FAO Contracts Significantly Drops in 2007: Everest ResearchDeclined from $86 million in 2002
Outlook 2012 Helping Really Handle the Finance Function BetterFAO clients expect their providers to undertake analytics on transactions, gather functional insights, and then identify opportunities to improve and add value. The focus is on improving the performance of the finance function.
Manufacturing Based Industries and Financial Services Industries Are The Largest Buyers of FAO ServicesKevin Lightfoot, vice presidents, external communications,ACS,A Xerox Company offers his perspective on FAO
What's Driving the FAO Market?FAO demand will continue to come from late adopters; the mid-market also has strong potential
Outsourcing Service Providers Craft FAO Offerings for the Midmarket Keen on Cost SavingsImproving Processes, Going Offshore Best Ways to Reduce G&A Costs
Banks' Back Office Outsourcing Expected to Reach $67.2 Bn in 2015The report found that IBM and Accenture dominate the bank back-office outsourcing market, followed by HP, Infosys, TCS, and HCL. It concluded that Accenture, Ariba, and ICG Commerce dominate the emerging procurement outsourcing marketA Case for Outsourcing AccountingOutsourcing the accounting and operational functions brings intangible benefits, including the ability to leverage on the external professional advisers' vast network of contacts.
Data protection law to boost outsourcing firmsThe drive by business process outsourcing firms to capture clients in the financial sector could get a boost from a policy change expected to come into force soonIs Banking Ripe for Outsourcing?Several trends in the outsourcing provider space are altering the outsourcing value proposition for banksRecent Trends in Financial Services Outsourcing in ItalyNorton Rose, an international legal practice organization, has witnessed significant growth and some changes in the financial services sector in Italy over the past yearCFOs to Expand FAO Programs in 2010Over 75 percent of the finance executives plan to expand their outsourcing programs in 2010
Driving corporate cost cutting efforts and improving internal controls are the two most crucial issues in 2010 .Forty-four percent of the finance executives believe growing the business will be an organizational imperative in 2010 . Over 85 percent of the finance executives are satisfied with the benefits from FAOIs Using Outsourced Accounting Services the Right Step for Your Small Business?A look at advantages and disadvantages attached to hiring an outsourced accounting service provider
Best Performer, BPO & FAO: GenpactGenpact, the only Global Services 100 company that won two categories: Best Performing FAO Service Provider and Best Performing BPO Service Provider, started the year 2008 with a bang. The company celebrated the New Year with an FAO agreement in handF&A Outsourcing Regroups in 2008: Improved Business Analytics Delivery in 2009 & 2010The value of Finance and Account Outsourcing (FAO) contract activity in the 12 months ending September 2008 was notably lower than those in the 12 months ending September 2007. So why was this and what are the prospects for the FAO market in 2009 and beyond?Infosys Expects Banking GrowthInfosys is expecting strong revenue growth over the next year, and is geared up for an "explosion" of work in banking and business-process outsourcingIT Key for Outsourcing Finance, says GartnerWhen a business decides to outsource its finance processes IT needs to be an integral part of the strategy from start to finish, advises analyst firm Gartner in a new report
| Related Resources |
