Vendor Analysis
published on May 17, 2023
Report Overview:
This NelsonHall vendor assessment analyzes Accelirate’s offerings and capabilities in intelligent automation for the banking and financial services sector
Who is this Report for:
NelsonHall’s “Transforming Intelligent Automation in Banking” profile on Accelirate is a comprehensive assessment of Accelirate’s offerings and capabilities for the BFS sector, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of intelligent automation process services and identifying vendor suitability for intelligent automation 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 Accelirate’s BFS-focused intelligent automation offerings, capabilities, and market and financial strength, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, challenges, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base, including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization, including the location of delivery centers.
Key Findings & Highlights:
Accelirate was founded by consultants in the financial services industry in 2017. It focuses on automating processes for clients that would otherwise look to BPO vendors for process execution. To date, it has delivered customized solutions for each client. It has focused on consulting, design, and implementation services for clients. It is increasingly building packaged automation solutions and managed services offerings to extend its market presence into tier two and three banks.
Accelirate has automated 1k processes across all clients. Its automation services cover four areas:
- Process discovery
- Automation services (including OCR and NLP)
- Intelligent services (including data and document extraction and management)
- Managed services.
This report will be of immediate interest to potential buyers based in the U.S., though readers should also note this report’s identification of a planned area of growth for Accelirate: the LATAM market.