Product Type: Market Research Report
Published by: Everest Research Institute
Published: April 2007
Product Code: R3492-32Description The Finance and Accounting Outsourcing (FAO) market transformed over the last two years, experiencing close to 100% growth during this period, with further double-digit growth anticipated for the next two years as the market begins to reach maturity. Three factors are driving the continued growth: customer success stories, aggressive supplier investments in developing F&A process capabilities and a global footprint, and an increased willingness for organizations to transform their F&A process in order to take advantage of the business benefits and lower costs of global sourcing.Table of Contents - The Three Phases of FAO Evolution
- Phase 1: The pioneering past
- Phase 2: The rapidly growing present
- Phase 3: The next generation
- Why Innovation will Take Center Stage in the Future
- Factor 1: Offshoring is becoming a hygiene factor
- Factor 2: Labor arbitrage is a one-time benefit
- Factor 3: Customers are looking at business and strategic impact through FAO
- Factor 4: Differentiation is difficult in an increasingly competitive market
- Key Factors Impacting Innovation
- The Emerging Areas of Innovation in FAO
- Technology innovation
- Service delivery innovation
- Process innovation
- Both Customers and Suppliers Have a Role to Play in Driving Innovation
- Best practices for customers
- Best practices for suppliers
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