LOS GATOS, CA--(Marketwired - July 14, 2016) - The 2016 PEAK Matrix for FAO is based on 1,000+ large multi-year FAO contracts signed by 15+ service providers. The report found that the increasing demand for more judgment-intensive processes, such as Financial Planning & Analysis (FP&A), has led service providers to reorient their capabilities. The competition in the market is getting intense and service providers are creating a differentiation in this market through various strategies, such as vertical-specific go-to-market offerings as well as advanced analytics, and proposing more transformative solutions instead of vanilla lift & shift.
Everest Group positioned arvato as a "Major Contender" based on high levels of delivery capability in the areas of Scale, Technology & Innovation and Buyer Satisfaction.
Speaking about arvato's positioning Rainer Majcen, CEO Finance BPO said "we believe arvato's positioning as a "Major Contender" is a reflection of arvato's client-centric approach, our focus on innovation and commitment to investing in F&A BPO solutions."
The Everest Group Finance and Accounting Outsourcing (FAO) -- Service Provider Landscape with PEAK Matrix™ Assessment 2016 can be accessed here.
About the Everest Group
Everest Group is a leading global consulting and research firm headquartered in the US. The firm is a key source for clients looking to outsourcing in banking, financial services, and insurance; high tech and manufacturing; retail; energy and utilities; and healthcare verticals.
About Arvato
Arvato is a leading international services provider that makes its living by and with digital technology. More than 65,000 employees design and deliver innovative, integrated solutions for business customers from around the world, covering various business processes across integrated service chains. These include Financial Services, CRM, SCM and IT Services. Arvato is a wholly owned subsidiary of the Bertelsmann group.
Contact Information:
Kate McVeigh
kate.mcveigh@arvato.com