Enterprises are automating financial processes and adding analytics tools, elevating FAO partners to more strategic roles, ISG Provider Lens report says
STAMFORD, Conn.–(BUSINESS WIRE)–$III #CFO–Finance and accounting departments around the world are carrying out digital transformations to make processes more frictionless and automated, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.
The 2023 ISG Provider Lens global Finance and Accounting Outsourcing (FAO) Services report finds that COVID-19 lockdowns accelerated the digitalization trend, as many companies were forced to abandon traditional processes to accommodate remote work requirements. As this trend spreads, more enterprises are turning to outside providers for services and help in planning digital strategies.
“Organizations are creating connected finance teams with the technology to collect and analyze larger da
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