target audience: TECH BUYER Publication date: Apr 2023 - Document type: IDC MarketScape - Doc Document number: # US50527122
IDC MarketScape: Worldwide Finance and Accounting Business Process Services in the Cloud 2023 Vendor Assessment
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Abstract
This IDC study represents a vendor assessment of providers offering cloud-based finance and accounting managed (outsourced) business process services through the IDC MarketScape model. The assessment reviews both quantitative and qualitative characteristics that define current market demands and expected buyer needs for cloud-based finance and accounting managed (outsourced) business process services. The evaluation is based on a comprehensive and rigorous framework that assesses how each vendor stacks up, and the framework highlights the key factors that are expected to be the most significant for achieving success in the finance and accounting managed (outsourced) business process services market over the short term and the long term.
"Integrating data and platforms and moving legacy applications to the cloud continues to be the key stepping stone to modernizing the finance function and enabling touchless processes. To drive this transformation, successful service providers have invested in process mining, advanced analytics, and proprietary platforms to address industry nuances, hyperautomation tools/assets, and third-party platform partnerships," says Ali Close, research manager of IDC's Intelligent Finance and Customer Care Business Process Services program.