EXL named a Leader in 2024 Gartner® Magic Quadrant™ for Finance and Accounting Business Process Outsourcing
June 03 2024 - 8:42AM
EXL [NASDAQ: EXLS], a leading data analytics and digital operations
and solutions company, today announced that it has been named a
Leader in the 2024 Gartner Magic Quadrant for Finance and
Accounting (F&A) Business Process Outsourcing (BPO).
The Gartner research report evaluated 18 F&A
service providers according to a uniform set of criteria, placing
companies into four Quadrants: Leaders, Visionaries, Niche Players
and Challengers. Gartner defines Leaders as companies that “execute
well against their current vision and are well positioned for
tomorrow1."
The report noted: “Mature BPO offerings move
beyond labor arbitrage efforts and offer buyers end-to-end
intelligent processing capabilities through either proprietary or
partner technology ecosystems, which are often cloud-based and are
focused on reducing human dependencies in process workflows. Buyers
benefit from these types of agreements by maturing their processes
and adopting technologies that require minimum human
intervention.”
EXL has been recognized in the Magic Quadrant for its Ability to
Execute and Completeness of Vision. The report further explains
that a core function of successful F&A BPO services provider is
delivering, “transformation expertise and technology solutions that
meet finance departments’ requirement to move from labor-intensive
service delivery models to automation-intensive models supporting
the digital transformation of finance operations.”
“Data-driven finance is rapidly emerging as the foundation for
integrating AI-powered analytics and workflow tools across the
finance enterprise,” said Narasimha Kini, EXL executive vice
president and business head, emerging business unit. “As we
continue to augment our solutions with the latest technological
innovations, our data and AI-led approach is helping clients make
more informed decisions faster, which is creating new opportunities
for optimization and growth.”
To access the full Magic Quadrant for F&A
BPO report click here. To learn more about EXL finance and
accounting services click here.
Gartner Disclaimer
Gartner, Magic Quadrant for Finance and
Accounting Business Process Outsourcing, Jan Ambergen, Geraldine
Garaud, Hilary Richards, 21 May 2024
Gartner does not endorse any vendor, product or
service depicted in its research publications, and does not advise
technology users to select only those vendors with the highest
ratings or other designation. Gartner research publications consist
of the opinions of Gartner's research organization and should not
be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a
particular purpose.
GARTNER is a registered trademark and service
mark of Gartner, Inc. and/or its affiliates in the U.S. and
internationally, and MAGIC QUADRANT is a registered trademark of
Gartner, Inc. and/or its affiliates and are used herein with
permission. All rights reserved.
_______________1 Gartner Magic Quadrant
Methodologies- https://www.gartner.com/en/research/methodologies/magic-quadrants-research
About EXL
EXL (NASDAQ: EXLS) is a leading data analytics
and digital operations and solutions company. We partner with
clients using a data and AI-led approach to reinvent business
models, drive better business outcomes and unlock growth with
speed. EXL harnesses the power of data, analytics, AI, and deep
industry knowledge to transform operations for the world’s leading
corporations in industries including insurance, healthcare, banking
and financial services, media and retail, among others. EXL was
founded in 1999 with the core values of innovation, collaboration,
excellence, integrity and respect. We are headquartered in New York
and have more than 54,000 employees spanning six continents. For
more information, visit www.exlservice.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the United States Private Securities Litigation
Reform Act of 1995. You should not place undue reliance on those
statements because they are subject to numerous uncertainties and
factors relating to EXL's operations and business environment, all
of which are difficult to predict and many of which are beyond
EXL’s control. Forward-looking statements include information
concerning EXL’s possible or assumed future results of operations,
including descriptions of its business strategy. These statements
may include words such as “may,” “will,” “should,” “believe,”
“expect,” “anticipate,” “intend,” “plan,” “estimate” or similar
expressions. These statements are based on assumptions that we have
made in light of management's experience in the industry as well as
its perceptions of historical trends, current conditions, expected
future developments and other factors it believes are appropriate
under the circumstances. You should understand that these
statements are not guarantees of performance or results. They
involve known and unknown risks, uncertainties and assumptions.
Although EXL believes that these forward-looking statements are
based on reasonable assumptions, you should be aware that many
factors could affect EXL’s actual financial results or results of
operations and could cause actual results to differ materially from
those in the forward-looking statements. These factors, which
include our ability to maintain and grow client demand, our ability
to hire and retain sufficiently trained employees, and our ability
to accurately estimate and/or manage costs, rising interest rates,
rising inflation and recessionary economic trends, are discussed in
more detail in EXL’s filings with the Securities and Exchange
Commission, including EXL’s Annual Report on Form 10-K. You should
keep in mind that any forward-looking statement made herein, or
elsewhere, speaks only as of the date on which it is made. New
risks and uncertainties come up from time to time, and it is
impossible to predict these events or how they may affect EXL. EXL
has no obligation to update any forward-looking statements after
the date hereof, except as required by federal securities laws.
© 2024 ExlService Holdings, Inc. All rights reserved.
For more information go
to www.exlservice.com/legal-disclaimer
ContactsMedia Keith Little+1
703-598-0980 media.relations@exlservice.com
Investor RelationsJohn Kristoff+1 212 209
4613IR@exlservice.com
ExlService (NASDAQ:EXLS)
Historical Stock Chart
From Jun 2024 to Jul 2024
ExlService (NASDAQ:EXLS)
Historical Stock Chart
From Jul 2023 to Jul 2024