Datamatics Recognized for Second Consecutive Year in the 2023 Gartner® Magic Quadrant™ for Finance and Accounting BPO Services

Datamatics, a global leader in Digital Operations, Technologies, and Experiences, is proud to announce its inclusion in the 2023 Gartner® Magic Quadrant™ for Finance and Accounting Business Process Outsourcing (BPO) Services* for the second year in a row. The Magic Quadrant evaluated 18 vendors in the industry, and we believe this recognition solidifies Datamatics' position as a preferred partner for CFOs seeking transformative digital finance solutions.

Gartner evaluation, based on comprehensive criteria assessing Completeness of Vision and Ability to Execute, recognizes Datamatics as a Niche Player in the Magic Quadrant for Finance and Accounting BPO Services. This acknowledgement we believe is a testament to Datamatics' commitment to empowering CFOs to go deep in digital finance with streamlined and automated CFO back-office operations, covering Procure to Pay (P2P), Order to Cash (O2C), Record to Report (R2R), and Financial Planning and Analysis (FP&A).

Datamatics' comprehensive FAO solution integrates digital technologies, including Robotic Process Automation (TruBot), Intelligent Document Processing (TruCap+), Business Intelligence (TruBI), Smart Workflows (iPM), as well as Artificial Intelligence (AI) and Machine Learning (ML) models. This powerful combination enables superior financial control, automation, insights, and predictive capabilities. By leveraging these advanced digital technologies, CFOs can enhance productivity, accuracy, and agility in response to changing business environments.

"We are thrilled to be included in the 2023 Gartner Magic Quadrant for Finance and Accounting Business Process Outsourcing Services for the second consecutive year," said Navin Gupta, EVP and Global Head, BPM, Datamatics. He further added, "CFOs are laser-focused on digital finance transformation to drive productivity and accuracy. At Datamatics, we harness the power of AI and ML to provide finance leaders with the benefits of digitization, while simultaneously driving growth and maximizing returns on technology investments."

Mitul Mehta, EVP and Chief Marketing Officer, Datamatics commented, "Datamatics is committed to enabling customers to go deep in digital finance. We believe our inclusion in the 2023 Gartner Magic Quadrant for Finance and Accounting Business Process Outsourcing Services is a testament to our digital finance transformation capabilities and unwavering dedication to customer satisfaction."

Shares of Datamatics Global Services Limited was last trading in BSE at Rs. 466.15 as compared to the previous close of Rs. 477.30. The total number of shares traded during the day was 57832 in over 2156 trades.

The stock hit an intraday high of Rs. 483.00 and intraday low of 463.95. The net turnover during the day was Rs. 27307486.00.

Source : Equity Bulls

Keywords

DatamaticsGlobalServices INE365B01017 2023GartnerMagicQuadrant Finance Accounting BPO