New Delhi, July 21, 2014 – EXL (NASDAQ: EXLS), a leading business process solutions company, today announced it has been positioned as a leader in finance and accounting BPO by leading research analyst firms Gartner and the IDC MarketScape. EXL was placed in the “Leaders” quadrant in the “Magic Quadrant for Finance and Accounting BPO,” published by Gartner on June 18, 2015 and authored by Cathy Tornbohm and Chris Pang. Last month, EXL was also named a “leader” in IDC MarketScape: Worldwide Finance and Accounting (F&A) BPO Services 2015 Vendor Assessment Report (doc #256297, June 2015).
In the 2015 Gartner market overview, Tornbohm discusses how F&A BPO must evolve toward continuous process improvement that leads to better end-to-end finance and accounting performance. “Buyers must learn what the advantages of improving the end-to-end process would be to their organization. The key to buyers’ success is to build contracts that focus on outputs and outcomes of business processes.”
“EXL supports CFOs in their goals of driving sustainable growth and profitability, fundamentally transforming SG&A cost structures and effectively managing risk and compliance,” said Narasimha Kini, Senior Vice President and Finance and Accounting business head, EXL. “By integrating powerful analytics, robotics, automation and business-process-as-a-service (BPaaS) into our F&A solutions we’re able to dramatically improve the performance of our clients’ finance operations.”
EXL’s Finance & Accounting practice provides industry-specific F&A solutions in the insurance and healthcare, professional services, manufacturing, transportation and travel, banking, and media industries. EXL uses the proprietary Business EXLerator Framework to incorporate benchmarking, automation and analytics into F&A solutions. Along with a full suite of transactional F&A solutions, delivered through multi-shore and BPaaS models, EXL specializes in high-end accounting, analytics and CFO advisory services.