Wipro has been recognized by Gartner, Inc. as the Leader in the report, "Magic Quadrant for Comprehensive Finance and Accounting (F&A) BPO, Global", authored by Cathy Tornbohm and published on June 29, 2011.
The report evaluated a qualified group of 16 vendors in the F&A BPO market. The comprehensive F&A BPO players in this quadrant generally share superior market understanding, have a global client base, an extensive network of well-distributed and highly populated global delivery centres catering for multiple languages, a good balance of transactional and high-end F&A delivery and innovative well-communicated and marketed sales offerings.
According to the report, "Gartner defines comprehensive finance and accounting (F&A) processes as the outsourcing of three or more finance processes to a single provider." The report also said, "This Magic Quadrant offers a deep analysis of the competitive positioning for comprehensive F&A BPO services by showcasing the relative lacing of the main players in the market according to a variety of criteria, and by offering detailed strengths and cautions for each of the included vendors."
Manish Dugar, Sr. Vice-President & Global Head, Wipro BPO, said, "We believe that our position in the Leaders Quadrant is a testimony to our ability in the seamless delivery of end-to-end Finance and Accounting (F&A) services from multiple global locations. We have been able to leverage our extensive technology capabilities, clearly shaping the vision for the next generation of F&A outsourcing. With the right expertise and blend of talent, tools and methodologies, Wipro BPO has been able to deliver complex programs and consolidate operations, for our customers, to achieve upfront financial benefits. We feel this recognition validates our strategy and the significant investments that we have made in our F&A practice to improve our pipeline and add measurable business value to our clients."
