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Everest Group’s 2013 report on finance and accounting outsourcing ranks Accenture among the top providers.
Everest Group’s 2013 Finance and Accounting Outsourcing (FAO) Service Provider Landscape report ranked Accenture as a “Leader” and “Star Performer.” The report analyzes the changing dynamics of the FAO landscape and assesses service providers across several key dimensions.
Accenture’s FAO experience and capabilities played key roles in earning it top honors. Some of the factors the report drew its conclusions from include:
Accenture’s positioning on Everest’s FAO Performance/Experience/Ability/Knowledge (PEAK) Matrix.
Accenture’s year-to-year movement on the FAO PEAK Matrix.
Our overall FAO profile.
Accenture offers a complete suite of finance and accounting services, including procure-to-pay, order-to-cash, general accounting, financial planning and analysis and recovery and analytics, just to name a few.
Everest Group updated its classification of more than 20 service providers along its Performance/Experience/Ability/Knowledge (PEAK) Matrix for FAO, segmenting providers into “Leaders,” “Major Contenders” and “Emerging Players.” The PEAK Matrix framework provides an objective, data-driven and comparative assessment of FAO service providers based on their market success and delivery capability. Accenture was one of five service providers listed as the “2013 FAO Star Performers” based on the strongest year-to-year forward movement on the PEAK Matrix.
Everest Group’s analysis considers multi-process FAO contracts with a minimum of two finance and accounting processes, more than $1 million in annual contract value and a minimum contract term of three years. The report analyzes more than 800 FAO contracts that had been signed as of 2012.
In its report, Everest Group said, “Accenture is an FAO Star Performer based on strong forward and upward movement over time on the Everest Group PEAK Matrix.”
Among the group’s specific findings, Everest noted key factors regarding Accenture’s market success in 2012, including:
Largest share of total contract value signed in 2012, at 23 percent, representing more than $1 billion in new contracts, and extensions and renewals.
In addition to 10 new contracts signed, the highest number of contract extensions and renewals at 16.
Big client wins in 2012 with companies such as BP, Panalpina and The Hartford.
Continued focus on large enterprises—more than 70 percent contractual activity in 2012 with organizations that generated more than $5 billion in revenue.
Additionally, Everest took several of Accenture’s critical capability enhancement factors into consideration, including:
A new electronic invoicing system using a cloud-based solution, as well as a cloud-based invoice matching and workflow tool.
An enhanced Accenture Operations Dashboard that lets clients access critical analytical data in real time.
New, innovative, industry-specific FAO offerings for the consumer product goods and energy industries.
November 8, 2013
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