Global Finance & Accounting Outsourcing industry

Jun 16, 2010, 13:13 ET from Reportlinker

NEW YORK, June 16 /PRNewswire/ -- announces that a new market research report is available in its catalogue:

Global Finance & Accounting Outsourcing industry

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 155 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 mostly extracted from URL research and reported select online sources.





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



Finance & Accounting Services Outsourcing Market - An Overview II-1

Current & Future Analysis II-1

Impact of Global Economic Crisis on Outsourcing Market II-2

F&A Outsourcing -Growth Opportunity for BPO Sector II-2

At a Glance II-3

Regulations & Economic Slowdown Drive Market for F&A BPO

Services II-3

Competitive Landscape II-4

F&A BPO Competitive Landscape II-4

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


FAO Suppliers Prefer Add-On Technology Solutions II-6

Market Highlights II-6

Growth in New & Renewed FAO Contracts II-6

Average FAO Contract Value & Size on a Decline II-7

F&A Outsourcing for Small Businesses II-7

Integration of Accounting Software II-8

Financial Accounting for Small Enterprises II-8

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

Mid-Market FAO Market - At a Glance II-10

Major Offshoring Trends in F&A Sector II-10

Accounting Outsourcing Services - A Critical Function of FAO

Market II-11

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


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

FAO Services - Breakdown by Level of Complexity & Enterprise

Value Addition II-15

AR & AP - Most Commonly Outsourced F&A Activities II-15

Objectives and Advantages of F&A Outsourcing II-16

Cost reduction II-16

Realizing Business Value II-16

Access to Talent Pool II-16

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

Disadvantages of F&A Outsourcing II-18


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

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

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

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

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

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 Telefonica II-24

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

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

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

TCS Takes Over Citigroup Global Services II-28

Sapient Purchases Derivatives Consulting Group II-28

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

Capgemini and Unilever Ink Agreement II-30

Adventity Enters into Joint Venture with Noor Investment

Group LLC II-30

Pangea3 LLC Establishes TARP Services Division II-31

NetSol Technologies Launches BPO Practice II-31

Convergys Inks Contract with Financial Services Company II-31

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

Computer Sciences and Northstar Financial Services Sign Contract II-33

Computer Sciences and John Hancock Financial Services Extend

Contract II-33

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

Forest River Takes Over Priority One Financial II-35


Accenture Ltd. (Bermuda) II-36

ACS, Inc. (US) II-36

Capgemini SA (France) II-36

Genpact Ltd. (US) II-37

Hewlett-Packard Development Company, L.P. (US) II-37

Infosys BPO Limited (India) II-37

International Business Machines Corporation (US) II-38

Steria Limited (UK) II-38

Wipro BPO (India) II-38

WNS Global Services (US) II-38


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-39

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-40



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

Strategic Corporate Developments III-2

Key Players III-11

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


A. Market Analysis III-14

Outlook III-14

FAO Market in Asia-Pacific III-14

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

Australia III-16

Outsourcing Services On a Roll III-16

Strategic Corporate Developments III-16

Key Players III-19

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


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

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

Factors Driving FAO Adoption in Mid-Market Segment III-23

Advantages of FAO for Mid-Market Firms III-23

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

Achievement of Targeted Cost Reduction III-25

Other Challenges III-25

Accounting Services Market in Europe III-25

The Netherlands III-25

United Kingdom III-26

Strategic Corporate Developments III-26

Key Players III-29

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


Total Companies Profiled: 155 (including Divisions/Subsidiaries - 159)


Region/Country Players


The United States 74

Canada 2

Europe 16

France 1

Germany 1

The United Kingdom 10

Rest of Europe 4

Asia-Pacific (Excluding Japan) 68


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Business Outsourcing Industry: Global Finance & Accounting Outsourcing industry

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Nicolas Bombourg



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