EXL, a leading data analytics and digital operations and solutions company, announced that it has been named a Leader in the 2024 Gartner Magic Quadrant for Finance and Accounting (F&A) Business Process Outsourcing (BPO).
The Gartner research report evaluated 18 F&A service providers according to a uniform set of criteria, placing companies into four Quadrants: Leaders, Visionaries, Niche Players and Challengers. Gartner defines Leaders as companies that “execute well against their current vision and are well positioned for tomorrow1.”
The report noted: “Mature BPO offerings move beyond labor arbitrage efforts and offer buyers end-to-end intelligent processing capabilities through either proprietary or partner technology ecosystems, which are often cloud-based and are focused on reducing human dependencies in process workflows. Buyers benefit from these types of agreements by maturing their processes and adopting technologies that require minimum human intervention.”
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EXL has been recognized in the Magic Quadrant for its Ability to Execute and Completeness of Vision. The report further explains that a core function of successful F&A BPO services provider is delivering, “transformation expertise and technology solutions that meet finance departments’ requirement to move from labor-intensive service delivery models to automation-intensive models supporting the digital transformation of finance operations.”
“Data-driven finance is rapidly emerging as the foundation for integrating AI-powered analytics and workflow tools across the finance enterprise,” said Narasimha Kini, EXL executive vice president and business head, emerging business unit. “As we continue to augment our solutions with the latest technological innovations, our data and AI-led approach is helping clients make more informed decisions faster, which is creating new opportunities for optimization and growth.”
SOURCE: GlobeNewswire