The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

Xerox Named Finance and Accounting Leader in 2013 Magic Quadrant Report

Monday, June 24, 2013

Xerox Named Finance and Accounting Leader in 2013 Magic Quadrant Report

12:00 EDT Monday, June 24, 2013

DALLAS (Business Wire) -- Industry research firm Gartner, Inc. placed Xerox (NYSE: XRX), in the Leaders Quadrant of its 2013 Magic Quadrant for Comprehensive Finance and Accounting (F&A) Business Process Outsourcing, Global.[1]

Quadrant leaders have “superior market understanding, 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 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 250 clients. With more than 7,000 finance and accounting professionals around the world, each year Xerox performs 180,000 account reconciliations processes $421 billion in global payables and processes payroll for more than 500,000 customer employees in 12 countries. Demonstrating a commitment to global expansion, Xerox recently added finance and accounting service delivery capability centers in Mexico and Ghana.

“Today's finance and procurement professionals must manage and build flexible finance functions and capabilities, while driving growth and mitigating risk,” said Mark Brennan, president, Xerox Finance, Accounting and Procurement Services. “With our full F&A capabilities, business process technology and business analytics, Xerox is uniquely positioned to help our clients tackle these challenges.”

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 purpose.

About Xerox

Since the invention of Xerography 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 people be more efficient so they can focus on their real business. Headquartered in Norwalk, Conn., more than 140,000 Xerox employees serve clients in 160 countries, providing business services, printing equipment and software for commercial and government organizations. Learn more at www.xerox.com.

Note: 1Gartner “Magic Quadrant for Finance and Accounting BPO” by Cathy Tornbohm.

To receive RSS news feeds, visit http://news.xerox.com/rss. For open commentary, industry perspectives and views visit http://www.linkedin.com/company/xerox, http://twitter.com/xeroxcorp, http://realbusinessatxerox.blogs.xerox.com, http://www.facebook.com/XeroxCorp, http://www.youtube.com/XeroxCorp.

Xerox®, Xerox and Design® are trademarks of Xerox in the United States and/or other countries.

Media:
Xerox
Alexander Charles, +1-203-849-5348
alexander.charles@xerox.com
or
Text 100 for Xerox
James Baussmann, +1-212-871-4078
JamesB@Text100.com

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections