Vendor Analysis
published on Oct 20, 2023
Report Overview:
This NelsonHall vendor assessment analyzes Virtusa' offerings and capabilities in ESG services for the banking and financial services sector
Who is this Report for:
NelsonHall’s ‘Transforming the Banking Industry with ESG Services’ profile on Virtusa is a comprehensive assessment of Virtusa’s offerings and capabilities for the BFS sector, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of ESG services and identifying vendor suitability for ESG services in banking RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the support services sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Virtusa’s BFS-focused ESG service offerings and capabilities and market and financial strength, including:
- Identification of the company’s strategy, eVirtusa, and new developments
- Analysis of the company’s strengths, weaknesses, and outlook
- Revenue estimates
- Analysis of the company’s customer base profile, including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and Virtusa service components
- Analysis of the company’s delivery organization including the location of delivery centers.
Key Findings & Highlights:
Virtusa has been implementing ESG capabilities for BFS clients’ operations since 2020. Virtusa has set up its ESG services as a horizontal practice for multiple industries. The company has a large BFSI client base and delivers ESG engagements to them in proportion to its overall client base. Over the past year, Virtusa has begun combining capabilities – consulting, implementation, and IP – into offerings for its clients.
Virtusa has an internal ESG program and has delivered its 2022 ESG report. Virtusa has 47 centers across 25 countries it provides services in. It employs its university model to deliver continuous learning to its employees. Over the next year, it is accelerating its creation of ESG offerings from its capabilities to facilitate a more considerable go-to-market effort.