Datamatics named in the 2021 Gartner Market Guide for Finance and Accounting Business Process Outsourcing

Datamatics, a global Digital Solutions, Technology and BPM Company, today announced that it has been recognized in the Gartner annual "Market Guide for F&A BPO Service Providers." The report is authored by Sanjay Champaneri, Katie Gove, Cathy Tornbohm, and Alan Stanley.

The Market Guide reviews key service providers in the Finance and Accounting Business Process Outsourcing space. It acts as a market guide "For finance leaders to navigate the various F&A BPO contracting objectives when planning to automate and digitize finance processes." The report includes how "F&A BPO providers are evolving to help finance mature its operations beyond cost arbitrage opportunities by using Hyperautomation."

According to Gartner, "By 2023, more than 40% of finance organizations will consolidate to a single outsourcing service provider for all F&A operations, up from 24% in 2019."

"Pandemic has accelerated digital transformation in finance and in CFO mid-office & back-office. CFO's are taking advantage of Hyperautomation, IDP, AI to increase productivity, reduce cost and increase accuracy." Said Mitul Mehta, SVP & Head, Marketing & Communications, Datamatics.

Commenting on the inclusion, Navin Gupta, Executive Vice President & Head BPM Services, Datamatics, said "At Datamatics, we extensively deploy intelligent process automation technology including IDP, RPA and AI/ML to deliver our services. As a result our customers faced very minimal level of disruption even during COVID times. We are happy to be part of the Gartner Market Guide for Finance and Accounting Business Process Outsourcing 2021."

Datamatics' finance and accounting outsourcing services (FAO) streamline and automate CFO back-office operations, allowing CFOs to respond with greater agility to changes in the business environment. Its Intelligent Automation (IA) suite of products allows better financial control through insights and forecasts, as well as enables enterprises to manage larger transactional volumes with leaner teams, optimize cash flows while lowering revenue leakages and adopt a highly systematic approach to maintain accurate documents for financial auditing.

Shares of DATAMATICS GLOBAL SERVICES LTD. was last trading in BSE at Rs.147 as compared to the previous close of Rs. 151.1. The total number of shares traded during the day was 51771 in over 1504 trades.

The stock hit an intraday high of Rs. 152.4 and intraday low of 144.5. The net turnover during the day was Rs. 7634959.

Gartner, 'Market Guide for Finance and Accounting Business Process Outsourcing', Sanjay Champaneri, Katie Gove, Cathy Tornbohm, Alan Stanley, May 17, 2021

Source : Equity Bulls

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