EXL, a leading data analytics and digital operations and solutions company, announced that it has been named a Leader in the 2022 Gartner “Magic Quadrant for Finance and Accounting (F&A) Business Process Outsourcing (BPO).”
The Gartner research report evaluated 14 F&A service providers according to a uniform set of criteria, placing companies into four categories: Leaders, Visionaries, Niche Players and Challengers. Gartner defines Leaders as companies that “execute well against their current vision and are well positioned for tomorrow”.
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Gartner forecasts that “through 2024, finance outsourcing for artificial intelligent process technologies will rise from 6% to 40%, primarily focused on digital transformation of transactional operations.”
“As organizations look to drive sustainable and profitable growth, they are turning to the CFO function to stay ahead of a complex set of challenges that include everything from disruptive new technologies and talent shortages to global socio-economic shifts and evolving regulatory landscapes,” said Narasimha Kini, EXL Executive Vice President and Business Head, Emerging Business Unit. “At EXL, we understand these challenges, and we’re helping CFOs pivot to a data-driven approach, developing data- and AI-first solutions that power better decisions, improve efficiency and deliver superior customer experience and business outcomes.
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“We believe this recognition reaffirms our investment in EXL’s Digital Finance Suite, a cloud-based analytics and automation platform that supports hyper automation of critical F&A functions,” Kini added. “Our proven culture of innovation and agility combined with our deep domain expertise in F&A creates a powerful set of solutions for our customers.”
