FAO in Mid-Market EMEA Companies
As the EMEA market for FAO surpasses even the American appetite, the mid-market, in particular, is coming to the fore
By Aris Maroulis, Director, Archstone Consulting
The Business Process Outsourcing (BPO) and Information Technology Outsourcing (ITO) markets continue to grow around the world, and the EMEA region has already surpassed the Americas in market size. In Europe, Finance and Accounting Outsourcing (FAO) is also growing, especially in Continental Europe, after its initial adoption in the UK. Whereas FAO has traditionally been undertaken by large corporations, market analysts and Archstone Consulting predict that several economic, FAO market, and technology drivers have emerged that allow for mid-market companies (€1.5-6 billion in revenues, or roughly $2 billion at press time) to benefit from FAO.
View the entire article