EXL [NASDAQ: EXLS], a leading data analytics and digital operations
and solutions company, today announced that it has been named a
Leader in the 2022 Gartner “Magic Quadrant for Finance and
Accounting (F&A) Business Process Outsourcing (BPO).”[1]
The Gartner research report evaluated 14 F&A service
providers according to a uniform set of criteria, placing companies
into four categories: Leaders, Visionaries, Niche Players and
Challengers. Gartner defines Leaders as companies that “execute
well against their current vision and are well positioned for
tomorrow”.[2]
Gartner forecasts that “through 2024, finance outsourcing for
artificial intelligent process technologies will rise from 6% to
40%, primarily focused on digital transformation of transactional
operations.”
“As organizations look to drive sustainable and profitable
growth, they are turning to the CFO function to stay ahead of a
complex set of challenges that include everything from disruptive
new technologies and talent shortages to global socio-economic
shifts and evolving regulatory landscapes,” said Narasimha Kini,
EXL Executive Vice President and Business Head, Emerging Business
Unit. “At EXL, we understand these challenges, and we’re helping
CFOs pivot to a data-driven approach, developing data- and AI-first
solutions that power better decisions, improve efficiency and
deliver superior customer experience and business outcomes.
“We believe this recognition reaffirms our investment in EXL’s
Digital Finance Suite, a cloud-based analytics and automation
platform that supports hyper automation of critical F&A
functions,” Kini added. “Our proven culture of innovation and
agility combined with our deep domain expertise in F&A creates
a powerful set of solutions for our customers.”
EXL currently has an overall rating of 4.7 out of 5 stars for
its Finance and Accounting BPO services based on 25 reviews as of
July 22, 2022. Clients note “exceptional support,” ability to “flex
to meet the needs of the day,” and “expertise and best practices
for change management” as particular EXL strengths. To view
Gartner® Peer Insights™, click here.
Gartner subscribers can access the full Magic Quadrant for
F&A BPO report here. To learn more about EXL finance and
accounting services click here.
[1] Gartner, “Magic Quadrant for Finance and Accounting Business
Process Outsourcing”, Sanjay Champaneri, Ashwani Gupta, June 27,
2022.
[2] Gartner Magic Quadrant Methodologies-
https://www.gartner.com/en/research/methodologies/magic-quadrants-research.
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Gartner disclaims all warranties, expressed or implied, with
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GARTNER and MAGIC QUADRANT are registered trademarks and service
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Inc. and/or its affiliates in the U.S. and internationally and is
used herein with permission. All rights reserved.
About EXL EXL (NASDAQ: EXLS) is a leading data
analytics and digital operations and solutions company that
partners with clients to improve business outcomes and unlock
growth. By bringing together deep domain expertise with robust
data, powerful analytics, cloud, artificial intelligence (“AI”) and
machine learning (“ML”), we create agile, scalable solutions and
execute complex operations for the world’s leading corporations in
industries including insurance, healthcare, banking and financial
services, media, and retail, among others. Focused on driving
faster decision-making and transforming operating models, EXL was
founded on the core values of innovation, collaboration,
excellence, integrity and respect. Headquartered in New York, our
team is over 39,000 strong, with more than 50 offices spanning six
continents. For more information, visit www.exlservice.com.
Cautionary Statement Regarding Forward-Looking
Statements This press release contains forward-looking
statements. 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 successfully close and integrate strategic
acquisitions, our ability to respond to and manage public health
crises, including the outbreak and continued effects of COVID-19
pandemic, are discussed in more detail in EXL’s filings with the
Securities and Exchange Commission, including EXL’s Quarterly
Report on Form 10-Q and Annual Report on Form 10-K. These risks
could cause actual results to differ materially from those implied
by forward-looking statements in this release. 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.
© 2022 ExlService Holdings, Inc. All rights
reserved. For more information go to
www.exlservice.com/legal-disclaimer
Media Contacts
Investor Relations
Steven N. Barlow
Vice President Investor Relations
+1 917-596-7684
steven.barlow@exlservice.com
Media - US
John Roderick
J. Roderick Public Relations
+1 631-584-2200
exl@jroderick.com
Media - Europe, India and APAC
Shailendra Singh
Vice President Corporate Communications
+91-98104-76075
shailendra.singh@exlservice.com
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