Market Analysis
published on May 23, 2016
Report Overview:
NelsonHall’s “Next Generation Finance & Accounting BPS” 38-page report is based on interviews with executives within both BPS vendors and audit firms.
The report analyzes the “art-of-the-possible” and emerging developments within F&A outsourcing.
In particular, the report covers client requirements from next generation F&A BPS, the impact of RPA, the role of platform & cloud-based services including BPaaS, reporting & analytics, and the evolution of commercial pricing models and assesses the implications of these developments for both buyers and BPS vendors.
Who is this Report for:
NelsonHall’s “Next Generation Finance & Accounting BPS” report is an analysis of the “art-of-the-possible” and emerging developments within F&A outsourcing designed for:
- Sourcing managers investigating the evolution, and direction, of finance & accounting BPS
- Vendor marketing, sales and business managers developing strategies for F&A outsourcing services
- Financial analysts and investors specializing in the IT services and BPS sector.
Scope of this Report:
The report is based on interviews with executives within both BPS vendors and audit firms offering finance and accounting outsourcing services.
The report analyzes the “art-of-the-possible” and emerging developments within finance and accounting BPS. In particular, the report covers:
- Client requirements from next generation F&A BPS
- The impact of RPA
- The role of platform & cloud-based services including BPaaS
- Reporting and analytics
- The evolution of commercial pricing models
- The implications for both buyers and BPS vendors.
Key Findings & Highlights:
Finance and accounting BPS services is one of the most mature BPS services with well-established process models and offshore delivery capability. It is also mature in its adoption of point solutions in support of specific F&A processes.
However, F&A BPS is now undergoing a significant transformation. Firstly, F&A BPS has proved a fertile ground for RPA with significant implications for process quality, productivity improvement, and commercial renegotiation.
Secondly, BPaaS services are beginning to replace client-specific point solutions as a means of introducing new process models into particular edge processes or pain points within finance and accounting.
Thirdly, reporting has become much more real-time and drill-down with analytics playing an increasing role.
At the same time, the process focus of F&A BPS is also changing with P2P becoming less significant, R2R the current main focus of the market, and vendors beginning to address financial planning and budgeting.