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FSOkx announces the release of its report on Finance & Accounting Outsourcing
25 June 2009:
The stable revenue stream have attracted the vendors to serve Finance and Accounting functions since 1990s. Driven by the pressures to reduce costs and cut headcounts, the maturing FAO industry is offering competitive advantage through customized service, automation, analytical tools, end-to-end operating platform and other web-based applications to firms of all sizes. It helps the organizations to improve business processes and respond promptly to varying business needs.
The FAO industry had already entered growth phase a few years back, and is now soaring at a faster pace as it matures. Despite of the challenges related to data security, change management, loss of control, etc. FAO market size is projected to rapidly progress with two digit growth rate towards USD 50 billion which supports the fact that outsourcing finance and accounting functions is increasingly making sense to firms globally.
With an intention to refresh the past research conducted by FSOkx, this report attempts to know the industry updates ahead of 2006 survey report.
The study is built upon a comprehensive secondary research comprising of the synthesis and analytical summary of information available on public domains, as well as FSOkxs own research done earlier in this domain.
The report covers the following topics:
- FAO industry Overview
- Market Size
- FAO Industry - Moving ahead
- Industry Growth Pattern
- FAO Industry Drivers
- Functions of FAO
- Process categorization of FAO
- Geographic Coverage of FAO Market
- Mid Market: Lucrative opportunity for FAO
- Financial sector and FAO
- Top FAO Vendors
- FAO Buyers
- Pricing Strategies in FAO
About FSOkx
FSO Knowledge Xchange (FSOkx) is a B2B media and research company serving the worldwide banking, insurance, and capital markets industry. While we provide timely and relevant information on many aspects of financial services, our particular focus is on how alternate business models will transform the financial services industry. Our portal www.FSOkx.com presents the latest news and views, market research, analytics, case studies and white papers.
FSOkx editors, journalists, and a network of thought leaders, advisors, academicians, and research analysts continuously enrich our media and knowledge channels, giving financial services executives the critical information they need to lead their organizations in a global economy. As part of our Knowledge Xchange platform, FSOkx also conducts and promotes industry-leading conferences around the world, provides training and education, hosts a marketplace for financial services decision makers, and facilitates leadership councils that bring together senior level executives in the financial services industry.
Source: FSOkx
