Datamatics recognized as a ‘Major Contender’ and ‘Star Performer’ in Everest Group’s assessment

Datamatics Global Solutions Limited today announced that it has been recognized as a “Major Contender” and “Star Performer” in the Everest Group Finance and Accounting Outsourcing (FAO) Services PEAK Matrix Assessment 2021.

Datamatics has leaped out from the Aspirants into the ‘Major Contenders’ zone for the Finance and Accounting Outsourcing (FAO) Services PEAK Matrix Assessment 2021. Everest Group selected Datamatics as a ‘Star Performer’ based on the Year-on-Year improvement on the PEAK Matrix.

In the report, Everest Group analyzes the global Finance & Accounting Outsourcing (FAO) market landscape and 28 leading FAO vendors across the world. Datamatics has received the highest customer satisfaction rate among all the 28 global vendors in the FAO market.

According to Everest Group, “The global Finance & Accounting Outsourcing (FAO) market has grown steadily by 5-7% in 2020. The changing business scenarios have created a huge demand for digital transformation, and organizations across the world are adopting digital technologies and automating high-end Finance & Accounting processes.”

“Datamatics follows an automation-driven approach across F&A processes, leveraging its suite of proprietary tools such as TruBot (RPA), iPM (workflow platform), and TruCap+ (intelligent data capture),” said Shirley Hung, Partner, Everest Group.

“Its continued investments in enhancing its proprietary solutions, capability expansion in R2R space, increase in onshore presence, and the

highest overall client satisfaction ratings helped it move from the Aspirants to Major Contender position and also achieve Star Performer status in Everest Group’s 2021 Finance and Accounting Outsourcing (FAO) Services PEAK Matrix Assessment.”

Commenting on the inclusion, Navin Gupta, EVP & Head BPM Services, Datamatics, said, “In today’s fast-changing digital world, a CFOs role is not restricted to only being the finance function head of an organization. The CFO is now becoming a business partner undertaking initiatives to streamline the business processes and increase overall efficiency. Datamatics has been helping the  CFOs of the world to digitize their Back Office operations and transform their back-office and front-office operations.”

Datamatics Global Services Ltd ended at Rs315.60 per piece down by Rs7 or 2.17% from its previous closing of Rs322.60 per piece on the BSE.

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( With inputs from indiainfoline)