Industry research firm Gartner, Inc. placed Xerox (NYSE: XRX), in the Leaders Quadrant of its 2013 Magic Quadrant for Comprehensive Finance and Accounting (F&A) Business Process Outsourcing, Global.
Quadrant leaders have “superior market understanding, have a global client base, an extensive network of well-distributed and highly populated global delivery centers catering for multiple languages, a good balance of transactional and high-end F&A delivery and innovative well communicated and marketed sales offerings,” the report said.
Gartner’s Magic Quadrant offers visual snapshots of a market’s direction, maturity and participants and evaluates companies on “completeness of vision and ability to execute.”
Xerox manages the core end-to-end process areas of finance, accounting and procurement for more than 250 clients. With more than 7,000 finance and accounting professionals around the world, each year Xerox performs 180,000 account reconciliations processes $421 billion in global payables and processes payroll for more than 500,000 customer employees in 12 countries. Demonstrating a commitment to global expansion, Xerox recently added finance and accounting service delivery capability centers in Mexico and Ghana.
“Today’s finance and procurement professionals must manage and build flexible finance functions and capabilities, while driving growth and mitigating risk,” said Mark Brennan, president, Xerox Finance, Accounting and Procurement Services. “With our full F&A capabilities, business process technology and business analytics, Xerox is uniquely positioned to help our clients tackle these challenges.”
About the Magic Quadrant
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Since the invention of Xerography 75 years ago, the people of Xerox (NYSE: XRX) have helped businesses simplify the way work gets done. Today, we are the global leader in business process and document management, helping people be more efficient so they can focus on their real business. Headquartered in Norwalk, Conn., more than 140,000 Xerox employees serve clients in 160 countries, providing business services, printing equipment and software for commercial and government organizations. Learn more at www.xerox.com.
Note: 1Gartner “Magic Quadrant for Finance and Accounting BPO” by Cathy Tornbohm.