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WiseGuyRerports.com Presents “Global Finance and Accounting Business Process Outsourcing Service Market Size, Status and Forecast 2019-2025” New Document to its Studies Database
Finance and accounting business process outsourcing are mainly handed the responsibility of streamlining processes, maintaining compliance and optimizing spends, and most importantly, carrying these out simultaneously. The report published on the global finance and accounting business process outsourcing service market focuses on the key players, key market details, growth opportunities, future forecasts, and the status finance and accounting BPO industry. For the years 2014 to 2019 the data on the top global players have been analysed to study the growth and development strategies. The CAGR and the market value and volume are also analysed based on the collected data.
The study analyzes the key market segments and the scope of growth in these new fields while simultaneously profiling leading companies in the global finance and accounting business process outsourcing service industry. The opportunities and key growth sectors have been identified and presented for the major stakeholders in the market. The various economic and demographic factors affecting the market both at the global and regional levels, based on the segments, have been covered. The report is a comprehensive guide to those looking to enter the market or to gain insights into it.
Business process outsourcing services refer to the outsourcing method in which the contracting of business processes, operations, and responsibilities of specific operational areas to a third-party service provider takes place. The finance and accounting business process outsourcing service refers to the service providers who offer allied services such as bookkeeping, financial reporting, accounts payable and receivable, payroll processing, bank reconciliation, and tax preparation, etc. The businesses that hire these BPO firms to do these tasks can then focus on the other important aspects of the company’s functioning.
The key players covered in this study
Tata Consultancy Services (TCS)
Sutherland Global Services
The global finance and accounting business process outsourcing service market has been segmented based on product type and end-use or product application. Based on product type, the main segments could be Business Support Outsourcing Service, Specific Functions Outsourcing Service, and Universal Terminal Outsourcing Service. These differ based on the particular sector and section of the process they operate upon. The other major segmentation could be done on the basis of application and would include Small and Medium Enterprises (SME) and Large Enterprises. The major difference here would be the scale of operations on which the BPO firms associated with the enterprises operate. Based on the split in the market, the report gives detailed information regarding each segment.
The segmentation in the global finance and accounting business process outsourcing service market based on regions would be a valuable pointer to help understand the market dynamics in each of the sectors. Based on the regional data and analysis, the report gives a picture of the local markets and the factors influencing the growth. The trends and developments in each of these regions have been charted along with the growth potential. The key regions covered in the report are North and South America, Europe, India, China, Japan, and Southeast Asia. The finance and accounting business process outsourcing service report also looks into the recent happenings such as market expansions, acquisitions, agreements and new projects in the regional markets.
The outsourcing of the financial and accounting services by Caterpillar, an American Fortune 100 corporation, may lead to job cuts in the centre at West Belfast. Accenture, a global service and outsourcing firm with a long term relationship with the firm, is set to take over the F&A section of the company.
Table Of Content:
1 Report Overview
2 Global Growth Trends
3 Market Share by Key Players
4 Breakdown Data by Type and Application
5 United States
9 Southeast Asia
11 Central & South America
12 International Players Profiles
13 Market Forecast 2019-2025
14 Analyst’s Viewpoints/Conclusions