Everest Group Survey of CFOs Finding: The Right Partner Drives F&A Outsourcing Benefits

Business Wire10-29

Conduent ebook "Optimizing finance operations through outsourcing: what works best? Assessing the input of 200 CFOs" guides CFOs in FA&P outsourcing FLORHAM PARK, N.J., October 29, 2024--(BUSINESS ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2479045974?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/Cqh3oVggFLn8RgGsVDbmTA--~B/aD01MTI7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/business-wire.com/96cff239e1695da85b363cbf126b8870","is_english":true,"pubTime":"2024-10-29 20:43","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2479045974","market":"us","top_or_hot":-1,"title":"Everest Group Survey of CFOs Finding: The Right Partner Drives F&A Outsourcing Benefits","media":"Business Wire","content":"<div>\n<p>Conduent ebook \"Optimizing finance operations through outsourcing: what works best? Assessing the input of 200 CFOs\" guides CFOs in FA&P outsourcing\nFLORHAM PARK, N.J., October 29, 2024--(BUSINESS ...</p>\n\n<a href=\"https://finance.yahoo.com/news/everest-group-survey-cfos-finding-124300687.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Everest Group Survey of CFOs Finding: The Right Partner Drives F&A Outsourcing Benefits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEverest Group Survey of CFOs Finding: The Right Partner Drives F&A Outsourcing Benefits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-29 20:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/everest-group-survey-cfos-finding-124300687.html><strong>Business Wire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Conduent ebook \"Optimizing finance operations through outsourcing: what works best? Assessing the input of 200 CFOs\" guides CFOs in FA&P outsourcing\nFLORHAM PARK, N.J., October 29, 2024--(BUSINESS ...</p>\n\n<a href=\"https://finance.yahoo.com/news/everest-group-survey-cfos-finding-124300687.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z3B42.SGD","symbol_name":"Legg Mason ClearBridge - Value A Acc SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/everest-group-survey-cfos-finding-124300687.html","article_id":"2479045974","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Cqh3oVggFLn8RgGsVDbmTA--~B/aD01MTI7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/business-wire.com/96cff239e1695da85b363cbf126b8870"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479045974","pubTimestamp":1730205780,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Conduent ebook \"Optimizing finance operations through outsourcing: what works best?Assessing the input of 200 CFOs\" guides CFOs in FA&P outsourcing. FLORHAM PARK, N.J., October 29, 2024----New research based on a survey of 200 CFOs by Everest Group, supported by Conduent Incorporated , a global technology-led business solutions and services company, shows that outsourcing finance and accounting with Business Process Outsourcing  providers helps internal teams quickly achieve meaningful efficiency benefits.Finance areas with the highest ROI when outsourced. CFOs participating in the survey reported an average return on investment of 15% on their company’s finance-related outsourcing investments, with four areas showing the largest ROI:. Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, ar","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","CNDT":"Conduent Inc","BK4226":"数据处理及外包服务","BK4585":"ETF&股票定投概念","EG":"Everest Group","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4588":"碎股","BK4106":"数据处理与外包服务","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","BK4019":"再保险"},"translate_title":"珠穆朗玛峰集团首席财务官调查结果：合适的合作伙伴推动并购外包效益","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EG":1,"CNDT":0.9},"content_text":"Conduent ebook \"Optimizing finance operations through outsourcing: what works best? Assessing the input of 200 CFOs\" guides CFOs in FA&P outsourcing\nFLORHAM PARK, N.J., October 29, 2024--(BUSINESS WIRE)--New research based on a survey of 200 CFOs by Everest Group, supported by Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, shows that outsourcing finance and accounting with Business Process Outsourcing (BPO) providers helps internal teams quickly achieve meaningful efficiency benefits.\nFinance areas with the highest ROI when outsourced\nCFOs participating in the survey reported an average return on investment of 15% on their company’s finance-related outsourcing investments, with four areas showing the largest ROI:\n\n\n\nOutsourced finance areas with largest ROI\n% of respondents\n\n\nManagement reporting and analysis\n43%\n\n\nBilling\n41%\n\n\nAccounts receivable\n40%\n\n\nCapital budgeting\n39%\n\n\n\nAdditional Findings:\n\nOperational efficiency is at the top of the CFOs’ list when ranking important outcomes with 46% of responders indicating highest importance, followed by improving business metrics at 39%.\n\n\n94% of respondents plan to focus outsourcing efforts on predictive and prescriptive analytics in the next three to five years.\n\n\"We work with CFOs every day, tackling their business challenges such as solving for a lack of defined policies and standardized processes or limited use of process automation tools,\" said Jeff Weiner, President, BPaaS Solutions at Conduent. \"Successful outsourcing partnerships stem from due diligence, vetting capabilities and experience plus evaluating an outsourcing partner’s approach and alignment with the company’s objectives. When companies connect with the right outsourcing partner, FA&P teams quickly achieve the benefits of outsourcing.\"\nThe ebook, titled \"Optimizing finance operations through outsourcing: what works best?,\" packages the research findings with Conduent’s expertise and insights in managing international Finance, Accounting and Procurement (FA&P) enterprise operations and provides CFOs a guide to successful outsourcing.\nSource: Everest Group, a leading research firm, was supported by Conduent to conduct an online survey of 200 Chief Financial Officers across the U.S. for companies with more than $500 million in revenue.\nAbout Conduent\nConduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 55,000 associates, process expertise and advanced technologies, Conduent’s solutions and services digitally transform its clients’ operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients’ missions in many ways including disbursing approximately $100 billion in government payments annually, enabling 2.3 billion customer service interactions annually, empowering millions of employees through HR services every year and processing nearly 13 million tolling transactions every day. Learn more at www.conduent.com.\nNote: To receive RSS news feeds, visit www.news.conduent.com. For open commentary, industry perspectives and views, visit http://twitter.com/Conduent, http://www.linkedin.com/company/conduent or http://www.facebook.com/Conduent.\nTrademarks\nConduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20241029785858/en/\nContacts\nMedia: Lisa Patterson, Conduent, +1-816-305-4421, lisa.patterson@conduent.com\nInvestor Relations: Giles Goodburn, Conduent, +1-203-216-3546, ir@conduent.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479045974"}