Gartner defines the market for data and analytics (D&A) services as consulting and system integration (C&SI) and managed services. These services manage data for all uses (operational and analytical), and analyze data to drive business processes and improve business outcomes through more effective decision making. The core capabilities for vendor solutions in the D&A services market include: D&A strategy and operating model design Data management Analytics and business intelligence (ABI) Data science and machine learning D&A governance Program management Enterprise metadata
Finance Transformation Implementation Consulting market is composed of firms that help finance leaders execute on predefined finance transformation strategies to improve their day-to-day operations and management practices. Service providers operating in this market demonstrate a range of project delivery capabilities – these include project management capabilities, process improvement capabilities, and technology implementation and adoption capabilities. The finance leaders most likely to engage this market are Group CFOs and Heads of Finance Transformation. This market differs from the Finance Transformation Strategy Consulting which focuses on helping CFOs and their finance organizations define strategies and execution roadmaps across multiple business-aligned, forward-looking initiatives.
Gartner defines finance and accounting (F&A) business process outsourcing (BPO) as the use of third-party outsourcing service providers to handle transactional finance processes such as purchase-to-pay, order-to-cash and record-to-report. BPO service providers remotely connect to clients’ systems to carry out these operations. BPO service providers can also offer proprietary or partnered process automation solutions to enhance transactional processing efficiency. F&A BPO services are typically delivered from global delivery centers.
A life insurance policy administration system is a software that enables insurers to manage a range of group or individual life, annuity and pension products. A PAS supports the entire life insurance value chain, from product and business configuration through new business processing, policy issuance, ongoing policy administration and claims. A life insurance PAS consists of a set of core components. * Product Development and Maintenance * Quotes/Illustrations * New Business * Manual Underwriting * Billing * Customer Management * Ongoing Policy Administration * Claims