ISG to Publish Report on Finance and Accounting Services

Rhea-AI Summary

Information Services Group (Nasdaq: III) has launched a study focused on finance and accounting outsourcing services to enhance enterprise efficiency through digitization, automation, and analytics. The findings will be published in the ISG Provider Lens™ report in July. This report will assist enterprise buyers in assessing vendor relationships and service offerings, aiding in informed decisions. Current market conditions, including inflation and potential recession, are driving the need for agile financial operations. Key outsourcing areas include Procure to Pay, Order to Cash, Record to Report, and Financial Planning and Analysis.

Positive

• Launch of a research study on finance and accounting outsourcing, indicating proactive market engagement.
• Study results will provide valuable insights for enterprise buyers, enhancing decision-making processes.

Negative

• Market conditions such as inflation and geopolitical conflicts may pose challenges to outsourcing growth.

Upcoming ISG Provider Lens™ report will evaluate providers using digital technologies to streamline clients’ financial processes for improved efficiency and agility

STAMFORD, Conn.--(BUSINESS WIRE)-- Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, has launched a research study examining outsourcing services that help enterprises improve their finance and accounting operations through digitization, analytics and automation.

The study results will be published in a comprehensive ISG Provider Lens™ report, called Finance and Accounting Outsourcing Services (FAO), scheduled to be released in July. The report will cover companies offering services for procurement, reporting, budgeting, financial planning and other functions.

Enterprise buyers will be able to use information from the report to evaluate their current vendor relationships, potential new engagements and available offerings, while ISG advisors use the information to recommend providers to the firm’s buy-side clients.

Companies are outsourcing many finance and accounting functions as they digitize financial operations to improve efficiency, productivity, data accuracy and customer experience. Analytics and automation, which enable CFOs to make decisions more quickly and with better information, are now central to all FAO engagements. Digitization is increasingly important as companies navigate business challenges arising from inflation, geopolitical conflicts and a possible recession in 2023.

“FAO providers are becoming partners in holistic efforts to make companies more agile financially,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. “Increasingly, they are providing customized solutions for industry-specific use cases.”

ISG has distributed surveys to more than 30 finance and accounting outsourcing providers. Working in collaboration with ISG’s global advisors, the research team will produce four quadrants representing the finance and accounting outsourcing services the typical enterprise is buying, based on ISG’s experience working with its clients. The four quadrants are:

• Procure to Pay (P2P), evaluating providers of services across the accounts payable process, including paying suppliers, reconciling accounts, tracking expenses and spending patterns and negotiating contracts. P2P providers use new technologies including AI and machine learning to automate processes and increase efficiency.

• Order to Cash (O2C), assessing providers of end-to-end O2C operations, including processing customer orders, ensuring payments are received promptly, managing credit risk and providing customer support. Clients look to these partners to streamline operations, often through automation to reduce manual processes.

• Record to Report (R2R), covering providers that manage clients’ financial record-keeping and reporting, including complex processes such as managing the end-of-period close process, preparing financial statements and assessing clients’ internal control systems.

• Financial Planning and Analysis (FP&A), evaluating providers of high-end financial functions including budgeting, forecasting, financial planning and M&A, which enterprises are now beginning to outsource. These providers act as partners to clients, delivering comprehensive and meaningful data and insights.

A report from the study will cover the global finance and accounting outsourcing market and examine products and services available globally. ISG analysts Gaurang Pagdi and Sneha Jayanth will serve as authors of the report.

A list of identified providers and vendors and further details on the study are available in this digital brochure. Companies not listed as finance and accounting outsourcing providers can contact ISG and ask to be included in the study.

All 2023 ISG Provider Lens™ evaluations feature expanded customer experience (CX) data that measures actual enterprise experience with specific provider services and solutions, based on ISG’s continuous CX research. Enterprise customers wishing to share their experience about a specific provider or vendor are encouraged to register here to receive a personalized survey URL. Participants will receive a copy of this report in return for their feedback.

About ISG Provider Lens™ Research

The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.

A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230303005072/en/

Press:

Will Thoretz, ISG

+1 203 517 3119

will.thoretz@isg-one.com

Julianna Sheridan, Matter Communications for ISG

+1 978-518-4520

isg@matternow.com

Source: Information Services Group, Inc.

FAQ

What is the focus of the ISG Provider Lens report for III?

The report focuses on finance and accounting outsourcing services to improve enterprise efficiency.

When will the ISG Provider Lens report be published?

The report is scheduled for release in July.

What key areas does the ISG study cover?

The study covers areas like Procure to Pay, Order to Cash, Record to Report, and Financial Planning and Analysis.

How will the ISG Provider Lens report help enterprises?

It will help enterprises evaluate vendor relationships and assess available service offerings in finance and accounting.

What challenges does the ISG report identify in the outsourcing market?

The report highlights challenges such as inflation and geopolitical conflicts affecting financial operations.