|[June 30, 2014]
Xerox Positioned as a Leader in Gartner's 2014 Magic Quadrant for Finance and Accounting BPO Report
NORWALK, Conn. --(Business Wire)--
Industry research firm Gartner,
Inc. placed Xerox (NYSE:XRX)
in the Leaders Quadrant of its 2014
Magic Quadrant for Finance and Accounting (F&A) Business Process
Quadrant leaders have "superior market understanding, and they have a
global client base, an extensive network of well-distributed and highly
populated global delivery centers catering for multiple languages, a
good balance of transactional and high-end F&A delivery and innovative
well-communicated and marketed sales offerings," the report said.
Gartner's (News - Alert) Magic Quadrant offers visual snapshots of a market's
direction, maturity and participants and evaluates companies on
"completeness of vision and ability to execute."
Xerox manages the core end-to-end process areas of finance, accounting
and procurement for more than 190 clients. With more than 7,000 finance
and accounting professionals supporting clients from 19 BPO centers
around the world, Xerox performs 180,000 account reconciliations,
processes $421 billion in global payables and processes payroll for more
than 500,000 customer employees every year.
"We understand the challenges today's finance and procurement
professionals are facing," said Mark Brennan, president, Xerox
Finance, Accounting and Procurement Services. "With our deep
industry experience in banking, healthcare, manufacturing and education,
we're helping clients simplify their processes and alleviate risks
through our flexible financial capabilities. We're currently developing
special offerings to break into new industries and suit the needs of our
growing client base."
About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its
research publications, and does not advise technology users to select
only those vendors with the highest ratings. Gartner research
publications consist of the opinions of Gartner's research organization
and should not be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a particular
Since the invention of Xerography over 75 years ago, the people of Xerox
(NYSE: XRX) have helped businesses simplify the way work gets done.
Today, we are the global leader in business process and document
management, helping organizations of any size be more efficient so they
can focus on their real business. Headquartered in Norwalk, Conn., we
have more than 140,000 Xerox employees and do business in more than 180
countries, providing business
equipment and software for commercial and government organizations.
Learn more at www.xerox.com.
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For open commentary, industry perspectives and views visit http://www.linkedin.com/company/xerox,
Xerox®, Xerox and Design® are trademarks of Xerox
in the United States and/or other countries.
1 Gartner "Magic Quadrant for Finance and Accounting BPO",
May 28, 2014, Cathy Tornbohm.
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