WNS Positioned as Industry Leader in Magic Quadrant for Comprehensive Finance and Accounting Global BPO
July 19 2011 - 6:04AM
Business Wire
WNS (Holdings) Limited (NYSE: WNS), a leading provider of global
Business Process Outsourcing (BPO) services, today announced that
it has been positioned by Gartner, Inc., world's leading
information technology research and advisory company, in the
leaders quadrant of the 2011 “Magic Quadrant for Comprehensive
Finance and Accounting (F&A) BPO, Global” report1 based on
completeness of vision’ and ‘ability to execute’.
The Magic Quadrant evaluates a qualified group of 16 vendors in
the comprehensive F&A business process outsourcing market and
depicts markets using a two-dimensional matrix.
“WNS is honored to be positioned in the Leaders Quadrant by
Gartner. We value this recognition and believe that it is an
acknowledgement of our investments in new F&A offerings and our
commitment to our clients in transforming their finance operations
with the right blend of talent, tools and methodologies," said
Keshav R. Murugesh, Group CEO, WNS Global Services.
"Pressures to reduce cost, increased regulatory compliance and
demand for a closer alignment to the business, have driven the need
to implement a new F&A operating model. Leading CFOs leverage
FAO outsourcing as a strategy to change their operating models, and
choose WNS so that their internal teams can focus on core business
issues, while the WNS team delivers to goals of standardizing
finance and accounting processes, transforming the finance
operations and lowering costs," said Tasneem Lakdawalla, Business
Unit Head - F&A, WNS Global Services.
This placement comes close on the heels of a recent recognition
for WNS as among the top five ‘2010 FAO Market Star Performers’ by
the Everest Group in April 2011. WNS was identified as an FAO star
performer for the second consecutive year based on maximum
year-on-year advancements across market success and delivery
capabilities for FAO from 2009-2010 for over 20 FAO service
providers.
As a leader among comprehensive F&A outsourcing service
providers, WNS set up its F&A BPO services in 1996, and is one
of the fastest growing business units within WNS. The F&A
business unit has over 7,000 dedicated employees delivering a full
range of 600+ processes that range from simple transactions to
complex analytical processes, including industry-specific processes
to more than 70 F&A clients, around the world.
1 Gartner, Inc. 'Magic Quadrant for Comprehensive Finance and
Accounting BPO' by Cathy Tornbohm, 17 December 2009
About the Magic Quadrant
The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is
reused with permission. The Magic Quadrant is a graphical
representation of a marketplace at and for a specific time period.
It depicts Gartner's analysis of how certain vendors measure
against criteria for that marketplace, as defined by Gartner.
Gartner does not endorse any vendor, product or service depicted in
the Magic Quadrant, and does not advise technology users to select
only those vendors placed in the "Leaders" quadrant. The Magic
Quadrant is intended solely as a research tool, and is not meant to
be a specific guide to action. Gartner disclaims all warranties,
express or implied, with respect to this research, including any
warranties of merchantability or fitness for a particular
purpose.
About WNS
WNS (Holdings) Limited (NYSE: WNS), is a leading global business
process outsourcing company. WNS offers business value to 200+
global clients by combining operational excellence with deep domain
expertise in key industry verticals including Travel, Insurance,
Banking and Financial Services, Manufacturing, Retail and Consumer
Packaged Goods, Shipping and Logistics and Healthcare and
Utilities. WNS delivers an entire spectrum of business process
outsourcing services such as finance and accounting, customer care,
technology solutions, research and analytics and industry specific
back office and front office processes. WNS has over 21,000
professionals across 21 delivery centers worldwide including Costa
Rica, India, Philippines, Romania, Sri Lanka and United Kingdom.
For more information, visit www.wns.com
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