HFS Horizons: F&A Service Providers, 2023

Amidst continuing economic headwinds and digital innovation, the finance and accounting (F&A) landscape is rapidly evolving from a mere back-office office function to a strategic one. The overall finance function is emerging as one of the key value drivers in achieving strategic goals. This HFS Horizons: F&A Service Providers, 2023 report is a snapshot of the leading F&A service providers acting as key catalysts for CFOs to drive enterprise-wide transformation.

The HFS Horizons: F&A Service Providers, 2023 report assesses the innovation and value potential of service providers’ capabilities across three distinct Horizons:

• Horizon 1: The ability to drive functional transformation by driving cost reduction, speed, and efficiency, plus the ability to measure business outcomes at the functional level.
• Horizon 2: Horizon 1 plus the ability to drive a OneOffice Mindset with real enterprise-level business outcomes and measure business outcomes at the enterprise level.
• Horizon 3: Horizon 2 plus the ability to drive a OneEcosystem Approach, finding completely new sources of value and measuring business outcomes at the ecosystem level.

This research effort assesses how well service providers help their clients deliver F&A services to drive process transformation. The study evaluates the capabilities of service providers across the HFS F&A services value chain based on a range of dimensions to understand the Why, What, How, and So What of their services offerings.

HFS Horizons: F&A Service Providers, 2023

Note: All service providers within a “Horizon” are listed alphabetically
Source: HFS Research, 2023

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