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Due to rising number of industries, adoption of finance & accounting BPO services among the organization is rising. These organizations demand advanced finance & accounting services, which helps them to enhance their financial agility. This factor is responsible for heavily driving the growth of the finance and accounting BPO market. Moreover, an urge to handle the planning of financial budget in advance for the organizations of varied size from different industries is projected to raise adoption of finance and accounting BPO by the players in future.
The finance and accounting BPO help the organization to improve its operational and financial capabilities by organizing them precisely. It also helps in optimizing the key processes of the businesses. These outsourcing services assist the organization in procurement and supply chain, collections and receivables and financial planning & analysis areas.
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Leading players operating in this research are, Conneqt Business Solutions, Eminenture Private, Flatworld Solutions, HCL Technologies, Infosys Limited, SBS Global Services, Tata Consultancy Services, Velan Info Services, Wipro Limited, WNS Global Service.
The global finance and accounting BPO market is segmented on the basis of offering, system type and industry vertical. Based on service offerings, the market is segmented into order to cash, procure to pay, record to report and others. On the basis of organization size, the finance and accounting BPO market is segmented into small & medium enterprises and large enterprises. On the basis of industry vertical, the finance and accounting BPO market is segmented into IT & telecom, BFSI, manufacturing, media & entertainment and others.
The “Global Finance and Accounting BPO Market Analysis to 2027” is a specialized and in-depth study of the Technology, Media and Telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the finance and accounting BPO market with detailed market segmentation by service offerings, organization size, industry vertical and geography. The global finance and accounting BPO market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading finance and accounting BPO market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global finance and accounting BPO market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The finance and accounting BPO market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The reports cover key developments in the finance and accounting BPO market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from finance and accounting BPO market are anticipated to lucrative growth opportunities in the future with the rising demand for finance and accounting BPO in the global market. Below mentioned is the list of few companies engaged in the finance and accounting BPO market.
The report analyzes factors affecting the finance and accounting BPO market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the finance and accounting BPO in these regions.
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