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FINANCE & ACCOUNTING OUTSOURCING - A GLOBAL STRATEGIC BUSINESS REPORT   

Research Abstract

This report analyzes the worldwide markets for Finance & Accounting Outsourcing in US$ Million. The report provides separate comprehensive analytics for the US, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for each region for the period 2006 through 2015. The report profiles 171 companies including many key and niche players such as Accenture Ltd., ACS, Inc., Capgemini SA, Genpact Ltd., Hewlett-Packard Development Company, L.P., Infosys BPO Limited, International Business Machines Corporation, Steria Limited, Wipro BPO, and WNS Global Services. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain.

Code : MCP-6017
Price : $4450
Companies : 171
Pages : 612
Date : April 2010
Market Data Tables : 92

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 TABLE OF CONTENTS

  FINANCE & ACCOUNTING OUTSOURCING (Complete Report) Pages : 612   | $4450
 
I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS3$295
   Study Reliability and Reporting Limitations.....I-1  
   Disclaimers.....I-2  
   Data Interpretation & Reporting Level.....I-3
Quantitative Techniques & Analytics.....I-3
Product Definitions and Scope of Study.....I-3
  
II. EXECUTIVE SUMMARY40$2350
  1. INDUSTRY OVERVIEW.....II-15 $595  
   Finance & Accounting Services Outsourcing Market - An Overview.....II-1
Current & Future Analysis.....II-1
1$100
   Impact of Global Economic Crisis on Outsourcing Market.....II-2
F&A Outsourcing –Growth Opportunity for BPO Sector.....II-2
1$100
   At a Glance.....II-3
Regulations & Economic Slowdown Drive Market for F&A BPO Services.....II-3
1$100
   Competitive Landscape.....II-4
F&A BPO Competitive Landscape.....II-4
1$100
   Competition Intensifies Among FAO Service Providers.....II-5
Table 1: Leading Players in the Global FAO Market (2008): Percentage Share Breakdown of Total Contract Value for Accenture, IBM, Genpact, ACS, Capgemini, WNS, Steria, HP, and Others (includes corresponding Graph/Chart).....II-5
1$350
  2. MARKET DYNAMICS.....II-68 $950  
   FAO Suppliers Prefer Add-On Technology Solutions.....II-6
Market Highlights.....II-6
Growth in New & Renewed FAO Contracts.....II-6
1$100
   Average FAO Contract Value & Size on a Decline.....II-7
F&A Outsourcing for Small Businesses.....II-7
1$100
   Integration of Accounting Software.....II-8
Financial Accounting for Small Enterprises.....II-8
1$100
   Accounting Services Outsourcing in CPA Firms.....II-9
Software-as-a-Service Gains Popularity.....II-9
Increased Adoption of FAO Solutions by Mid-Market Companies.....II-9
1$100
   Mid-Market FAO Market – At a Glance.....II-10
Major Offshoring Trends in F&A Sector.....II-10
1$100
   Accounting Outsourcing Services – A Critical Function of FAO Market.....II-11 1$100
   Table 2: Global Accountancy Outsourced Market (2009): Percentage Share Breakdown by Region for Europe, North America, Asia-Pacific, Middle East and Africa, and Others (includes corresponding Graph/Chart).....II-12
Technological Innovations Drive FAO Market.....II-12
Offshore Service Providers Fuel Demand.....II-12
2$700
  3. PRODUCT OVERVIEW.....II-145 $395  
   Introduction to Finance and Accounting Outsourcing.....II-14
Need for Finance and Accounting Outsourcing.....II-14
Common Functions included under Finance & Accounting Services.....II-14
1$100
   FAO Services – Breakdown by Level of Complexity & Enterprise Value Addition.....II-15
AR & AP – Most Commonly Outsourced F&A Activities.....II-15
1$100
   Objectives and Advantages of F&A Outsourcing.....II-16
Cost reduction.....II-16
Realizing Business Value.....II-16
Access to Talent Pool.....II-16
1$100
   Focus on Core Business Areas.....II-17
Performance Improvement.....II-17
Increasing Working Capital.....II-17
Advanced F&A Technologies.....II-17
Focus on Integrated Solutions.....II-17
Risk Transference to Supplier.....II-17
Facilitates M&A Activity.....II-17
1$100
   Disadvantages of F&A Outsourcing.....II-18
1$100
  4. RECENT INDUSTRY ACTIVITY.....II-1917 $950  
   SS&C Technologies Takes Over Evare.....II-19
Perot Systems Purchases BearingPoint Management Consulting.....II-19
Genpact Receives Multiple Year F&A Services Contract from United Biscuits.....II-19
1$100
   Genpact Bags 5 Year Contract for F&A Services from UCB.....II-20
Information Mosaic and Broadridge Financial Sign Agreement.....II-20
BearingPoint and PricewaterhouseCoopers Ink Agreement.....II-20
1$100
   ProMutual Selects Northern Trust for Financial Reporting and Insurance Accounting
  Solutions.....II-21
Capita Group Purchases Parts of Capmark’s European Financial Services.....II-21
Visma Takes Over Teemuaho Group.....II-21
Opportune Purchases PetroAcct.....II-21
1$100
   FNIS to Buy Metavante Technologies.....II-22
3i Infotech Establishes BPO Subsidiary.....II-22
BKD Merges with KBA Group.....II-22
Headstrong Takes Over Lydian Data Services.....II-22
1$100
   Headstrong Takes Over iX Partners.....II-23
TCS to Unveil BPO Services for Finance and Accounting.....II-23
UCFA Designs Suite of Outsourced Services.....II-23
1$100
   Convergys Inks Collection Services Agreement with Financial Services Company.....II-24
Manpower Software Enters into Alliance with NHS Shared Business Services.....II-24
Steria Renews F&A Outsourcing Agreement with Telefónica.....II-24
1$100
   WNS Acquires Aviva’s BPO Division Aviva Global Services.....II-25
Serco Group to Take Over InfoVision Group.....II-25
Steria Receives F&A Outsourcing Contract from Whitbread.....II-25
Doughty Hanson to Acquire Netherlands Based Outsourcing Firm TMF.....II-25
OPI Establishes F&A Outsourcing Service Center in Kuala Lumpur.....II-25
1$100
   WNS Acquires BizAps to Optimize ERP Capability for F&A Services.....II-26
REcap Partners to Acquire HOV Services.....II-26
Accenture and Bristol-Myers Squibb Ink 10-Year Agreement for F&A Outsourcing.....II-26
1$100
   Xchanging to Purchase Cambridge Solutions.....II-27
Cambridge Solutions and In Genius Solutions Enter into Partnership.....II-27
CFC India Services Merges with BA Continuum Solutions.....II-27
1$100
   TCS Takes Over Citigroup Global Services.....II-28
Sapient Purchases Derivatives Consulting Group.....II-28
1$100
   The Hanke Group Merges with BKD.....II-29
HCL Technologies Takes Over Liberata Financial Services.....II-29
Visma Takes Over Actit.....II-29
Pandell Technology Purchases Dowwest Accounting Management.....II-29
1$100
   Capgemini and Unilever Ink Agreement.....II-30
Adventity Enters into Joint Venture with Noor Investment Group LLC.....II-30
1$100
   Pangea3 LLC Establishes TARP Services Division.....II-31
NetSol Technologies Launches BPO Practice.....II-31
Convergys Inks Contract with Financial Services Company.....II-31
1$100
   Accenture Inks Multiple Year Outsourcing Agreement with Thomas Cook Group.....II-32
Accenture Inks Agreement with Microsoft for F&A and Procurement Services.....II-32
Accenture and BT Sign Multiple Year BPO Contract.....II-32
1$100
   Computer Sciences and Northstar Financial Services Sign Contract.....II-33
Computer Sciences and John Hancock Financial Services Extend Contract.....II-33
1$100
   WNS Assistance Takes Over FLOvate Technologies.....II-34
BISYS Retirement Services Takes Over Frontier Trust.....II-34
Fidelity National Information Purchases eFunds.....II-34
Copeley Capital Purchases EMS Management & Consultants.....II-34
1$100
   Forest River Takes Over Priority One Financial.....II-35
1$100
  5. FOCUS ON SELECT GLOBAL PLAYERS.....II-363 $295  
   Accenture Ltd. (Bermuda).....II-36
ACS, Inc. (US).....II-36
Capgemini SA (France).....II-36
1$100
   Genpact Ltd. (US).....II-37
Hewlett-Packard Development Company, L.P. (US).....II-37
Infosys BPO Limited (India).....II-37
1$100
   International Business Machines Corporation (US).....II-38
Steria Limited (UK).....II-38
Wipro BPO (India).....II-38
WNS Global Services (US).....II-38
1$100
  6. GLOBAL MARKET PERSPECTIVE.....II-39   
   Table 3: World Recent Past, Current & Future Analysis for Finance & Accounting Outsourcing by Geographic Region – US, Asia-Pacific, and Rest of World Markets Independently Analyzed with Annual Revenue Figures in US$ Million for Years 2006 through 2015 (includes corresponding Graph/Chart).....II-391$350
   Table 4: World 10-Year Perspective for Finance & Accounting Outsourcing by Geographic Region – Percentage Breakdown of Annual Revenues for US, Asia-Pacific, and Rest of World Markets for Years 2006, 2009 & 2015 (includes corresponding Graph/Chart).....II-401$350
III. MARKET31$2150
  1. THE UNITED STATES.....III-113 $950  
   A. Market Analysis.....III-1
Outlook.....III-1
FAO Market – An Overview.....III-1
Outsourcing Gains Strength in Mid-Market Segment.....III-1
Latin America – The New Offshore Destination for FAO Services.....III-1
1$75
   Strategic Corporate Developments.....III-29$675
   Key Players.....III-11
ACS, Inc......III-11
1$75
   Genpact Ltd......III-12
Hewlett-Packard Development Company, L.P......III-12
International Business Machines Corporation.....III-12
1$75
   WNS Global Services.....III-13
B. Market Analytics.....III-13
Table 5: US Recent Past, Current & Future Analysis for Finance & Accounting Outsourcing Analyzed with Annual Revenue Figures in US$ Million for Years 2006 through 2015 (includes corresponding Graph/Chart).....III-13
1$200
  2. ASIA-PACIFIC.....III-147 $595  
   A. Market Analysis.....III-14
Outlook.....III-14
FAO Market in Asia-Pacific.....III-14
1$75
   India.....III-15
A Major Destination for Outsourcing.....III-15
Benefiting from Rising Demand for Outsourced F&A Services.....III-15
Growth Drivers for Offshoring Market.....III-15
1$75
   Australia.....III-16
Outsourcing Services On a Roll.....III-16
Strategic Corporate Developments.....III-16
3$225
   Key Players.....III-19
Infosys BPO Limited (India).....III-19
1$75
   Wipro BPO (India).....III-20
B. Market Analytics.....III-20
Table 6: Asia-Pacific Recent Past, Current & Future Analysis for Finance & Accounting Outsourcing Analyzed with Annual Revenue Figures in US$ Million for Years 2006 through 2015 (includes corresponding Graph/Chart).....III-20
1$200
  3. REST OF WORLD.....III-2111 $950  
   A. Market Analysis.....III-21
Outlook.....III-21
Europe.....III-21
Europe Leads Global Outsourcing Market.....III-21
Growth Drivers for FAO Market.....III-21
1$75
   Table 7: Factors Contributing to Outsourcing of F&A Functions - Proportion (%) of EU Companies Opting to Outsource (includes corresponding Graph/Chart).....III-22
FAO Growth in Mid-Market Segment.....III-22
1$200
   Factors Driving FAO Adoption in Mid-Market Segment.....III-23
Advantages of FAO for Mid-Market Firms.....III-23
1$75
   Challenges Facing Mid-Market Companies in Outsourcing F&A Functions.....III-24
Complicated Language Requirements.....III-24
Fragmentation & Scale Limitations in Processes.....III-24
Shortage of Qualified Staff.....III-24
Inability to Absorb High Initial Costs.....III-24
1$75
   Achievement of Targeted Cost Reduction.....III-25
Other Challenges.....III-25
Accounting Services Market in Europe.....III-25
The Netherlands.....III-25
1$75
   United Kingdom.....III-26
Strategic Corporate Developments.....III-26
3$225
   Key Players.....III-29
Accenture Ltd. (Bermuda).....III-29
1$75
   Capgemini SA (France).....III-30
Steria Limited (UK).....III-30
1$75
   B. Market Analytics.....III-31
Table 8: Rest of World Recent Past, Current & Future Analysis for Finance & Accounting Outsourcing Analyzed with Annual Revenue Figures in US$ Million for Years 2006 through 2015 (includes corresponding Graph/Chart).....III-31
1$200
IV. COMPETITIVE LANDSCAPE 529$995
  
Total Companies Profiled: 171 (including Divisions/Subsidiaries - 177)

Region/Country                 Players


The United States                 83    
Canada                             2
Europe                            19 
     France                        1
     Germany                       1
     The United Kingdom           13 
     Rest of Europe                4
Asia-Pacific (Excluding Japan)    72 
Africa                             1
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