Finance Management Consulting Market Enjoying Relatively Strong Growth Despite Weak Economy
Kennedy Finds Organizations' Concerns With Operating Efficiency and Cost of Delivery in the Finance Function Continues to Drive Client Spending
(firmenpresse) - PETERBOROUGH, NH -- (Marketwire) -- 10/11/11 -- Kennedy analysts covering the Finance Management (FM) consulting market have found that the factor driving the most demand for FM consulting is company pressure on the finance organization to achieve greater operating efficiency and lower cost of delivery -- all within a more flexible model that can better respond to rapidly changing competitive dynamics and reporting requirements.
According to new research from Kennedy Consulting Research & Advisory, "," this is also resulting in more emphasis on operating efficiency and cost reduction initiatives within Finance & Accounting (F&A), as well as a desire for greater accuracy in finance reporting and guidance to the market.
"The outcome is increased client spending across the spectrum of FM consulting services," according to Marc Pramuk, Senior Analyst for Kennedy Consulting Research & Advisory. "Analytical reporting and strategic decision support continue to be important, reflecting the ongoing evolution of the role of finance managers. However, technology and data remain under-utilized assets within too many companies as well as a source of pain -- leading these companies to seek benchmarking data and analytical tools from FM consultants."
Going forward, analysis also shows that perennial uncertainty regarding regulatory reform that clients must deal with in the wake of the near-collapse of the world financial system -- and the lingering economic recession -- has the potential to influence client spending more once new legislation to protect against the default of financial institutions and country debt is enacted.
rates the competitive capabilities of today's leading Finance Management (FM) consulting providers and assesses their capabilities in terms of both breadth and depth. Among the firms profiled are: Accenture, Bain & Company, Capgemini, CSC, Deloitte, Ernst & Young, IBM Global Services, KPMG, McKinsey & Company, and PwC.
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Since 1970, has been the world's leading source of market analysis on the Management and IT consulting industries, serving the most highly regarded professional services firms and Fortune 500 companies across the globe. Kennedy's stand-alone consulting advisory unit, Kennedy Information Advisors, provides results-oriented strategic guidance to buyers and sellers of consulting services.
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Dan Daly
Vice President, Managing Director
Kennedy Consulting Research & Advisory
+1.603.924.6390
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Datum: 11.10.2011 - 09:10 Uhr
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