QX Global Group Recognized as a Major Contender and Star Performer in Everest Group’s 2024 FAO PEAK Matrix® Assessment

London, UK; New Jersey, USA and Ahmedabad, India – 23 September 2024

QX Global Group, a global leader in consulting, digital technologies and Business Process Management (BPM) services, today announced that it is positioned as a “Major Contender” and a “Star Performer” in the Everest Group’s 2024 Finance and Accounting Outsourcing (FAO) PEAK Matrix® Assessment.

The Everest Group PEAK Matrix® is a proprietary assessment framework that evaluates the market success, vision, and delivery capability of service providers across multiple dimensions. In this research, Everest Group assessed 33 FAO service providers based on their vision, capabilities, and market impact, positioning them on two distinct PEAK Matrix® assessments for Finance and Accounting Outsourcing (FAO) and Order-to-Cash (O2C) services.

QX Global Group’s designation as a “Major Contender” reflects its significant market presence and robust capabilities in the FAO sector. The “Star Performer” status further acknowledges the company’s exceptional year-over-year improvement, highlighting its commitment to growth, innovation, and delivering value to clients.

“We’re delighted to be named both a Major Contender and a Star Performer by Everest Group in their 2024 FAO PEAK Matrix® Assessment. This recognition comes at a pivotal moment for us, as we recently secured a £100 million growth investment, which will enable us to further expand our capabilities, enhance our service offerings, and accelerate our growth globally. We are committed to deliver even greater value to our clients, helping them transform their businesses and achieve sustainable success.”

— Pom Chakravarti, Chief Executive Officer, QX Global Group

 “QX Global has shown strong momentum in enhancing the depth and breadth of its F&A services and digital capabilities through variety of focused investments such as establishment of its Automation Acceleration Hub (AAH). These capability enhancements, along with strong business performance and high client satisfaction ratings, have contributed to its positioning as a Major Contender and Star Performer in Everest Group’s 2024 Finance and Accounting (FAO) Services PEAK Matrix® Assessment,” says Vignesh Kannan, Vice President, Everest Group. “Additionally, it is one of the few providers with the strong experience and expertise needed to cater to end-to-end F&A needs of SMB organizations in niche industries, such as Purpose-Built Student Accommodation (PBSA) and recruitment.”

Key strengths highlighted by Everest Group include:

• Robust Revenue Growth: Achieved double-digit growth in FAO revenue in 2023, demonstrating QX’s ability to scale and expand its market presence.
• Expansion into New Markets: Expanded geographically beyond the UK, entering niche sectors such as senior residences, hospitality, Purpose-Built Student Accommodation (PBSA), and recruitment.
• Comprehensive Service Portfolio: Strengthened capabilities across the finance and accounting value chain, including fund accounting, taxation, audit, reconciliation, and financial planning and analysis.
• Innovation and Automation: Launched the Automation Acceleration Hub (AAH) and developed proprietary tools like QXPracticePro, QXROBO1040, QXProAP, and QXProAR to enhance efficiency and deliver value to clients.
• Broadened Delivery Network: Expanded delivery presence to key strategic markets, including the United States and Mexico.
• Client-Centric Approach: Serves both mid-market clients and large enterprises with tailored solutions, and is recognized for strong client relationships, responsiveness, and effective talent management.
• Investment in Talent Development: Enhanced talent capabilities through an internal HRMS platform and executive development programs.

To download the full report, click HERE.

If you want to learn more about the Finance and Accounting services offered by QX, click HERE or write to us at [email protected].

About QX Global Group

QX Global Group is a leading global consulting, digital technologies and Business Process Management (BPM) services company that partners with organizations seeking to transform and optimize their business operations. With a global workforce of over 3,000 passionate individuals across 21 global offices in 12 countries, including 6 delivery centers in India and Mexico, QX Global Group is dedicated to driving measurable outcomes for clients. By making businesses more profitable, efficient, and competitive, QX Global Group continues to lead the way in enabling business transformation worldwide.

For media enquiries, contact:

Vishal Kurani
VP, Branding & Communications
QX Global Group
Tel: +44 1756 703 258 / + 1 551 307 5522
Email: [email protected]

Originally published Sep 23, 2024 02:09:41, updated Nov 05 2024