Fort Lauderdale, Fla. – October 7, 2024 – Auxis, a Latin America outsourcing pioneer and finance transformation leader, was once again recognized as a Major Contender in two Everest Group 2024 PEAK Matrix® Assessments categories: Finance and Accounting (FAO) Outsourcing and Order-to-Cash (O2C). Auxis also received a Star Performer designation on the FAO matrix.
This honor reaffirms Auxis’ place as a top finance and accounting outsourcing company globally – coming a year after it became the first provider to enter Everest Group’s FAO Peak Matrix® at the level of Major Contender. Adding Star Performer status in 2024 underscores Auxis’ continuing momentum and growth.
Auxis has also been recognized as a top FAO company by a second leading research firm, Information Services Group (ISG), on its ISG Provider Lens™ for Finance and Accounting Outsourcing (FAO) Services 2024.
“As a leader in the Latin America nearshore market, we are delighted to be recognized by Everest Group for the second year in a row, and to receive Star Performer status based on our year-over-year achievements. This recognition stands as testament to our long-standing commitment to help North American enterprises reduce operational costs without sacrificing service quality through nearshoring. CFOs are recognizing they can transform their operations into the modern finance department the business demands by turning to Auxis to help them access talent, tools, and solutions that move beyond transactional support and help them achieve peak performance.”
– Raul Vega, Founder and CEO
Widely considered a go-to source for obtaining unbiased insights to support critical selection decisions about top FAO service providers, Everest Group’s Finance and Accounting (FAO) Outsourcing PEAK Matrix® Assessment 2024 found that recent macroeconomic events – such as surging inflation, recession, geopolitical instability, and high interest rates – have made enterprises more receptive to leveraging third-party providers for their finance functions.
Everest Group recognized 33 FAO companies as top providers on its 2024 FAO and O2C PEAK Matrix® reports, evaluated through an objective, data-driven analysis based on their vision and capabilities, and impact on the FAO market.
Download the full report
Auxis stands out as one of the only true nearshore-centric delivery providers in the Everest Group FAO PEAK Matrix® – a critical distinction as North American finance leaders increasingly seek an alternative to the challenges of outsourcing to the other side of the world. As service demand becomes more complex, Auxis’ integrated nearshoring platform draws on the strengths of delivery hubs across Latin America’s top markets like Colombia, Costa Rica, and Mexico – offering the highly educated finance talent, real-time communication, cultural affinity, and outstanding English proficiency needed to successfully deliver finance processes across the value chain.
Everest Group also recognized Auxis’ tech-enabled outsourcing approach, specifically referencing its high percentages of touchless invoice processing, expanding O2C automation capabilities, and status as a Platinum Partner for UiPath, the leading intelligent automation platform. Auxis’ clients benefit from a powerful mix of consulting and outsourcing services supported by robust intelligent automation and digital transformation practices, spanning Procure-to-Pay (P2P), Order-to-Cash (O2C), Record-to-Report (R2R), Financial Planning & Analysis (FP&A), and tailored industry-specific solutions like healthcare revenue cycle management (RCM).
“A key differentiator for Auxis is its nearshore-centric delivery model from Latin America, providing end-to-end F&A services, including finance and digital transformation, FP&A, and tailored industry-specific solutions. Furthermore, new strategic partnerships for platform-led O2C services, investments in techno-functional talent, and strong emphasis on flexibility, staff management, and relationship management have contributed to Auxis’ positioning as a Major Contender and Star Performer in Everest Group’s 2024 Finance and Accounting (FAO) Services PEAK Matrix® Assessment.”
–Shirley Hung, Everest Group Partner
FAO represents the largest and one of the fastest-growing service lines for Auxis, supporting both mid-market and large enterprise clients across a wealth of industries, including CPG, retail, manufacturing, healthcare, financial services, technology, hospitality, and more. More than 50% of Auxis’ client roster are public companies, in addition to private equity-backed and private corporations.
Key Auxis Strengths Highlighted by Everest Group:
- One of the few providers with a nearshore-centric delivery model from LATAM for finance and accounting (F&A) services, offering key benefits like proximity and the ability to address cultural nuances in operations.
- Rich experience providing financial advisory and designing highly contextualized and customized F&A solutions for clients.
- Strong digital transformation capabilities in key areas like digital maturity assessment and roadmap creation, system selection and implementation, and application and cloud migration.
- Critical tech partnerships enabling end-to-end, platform-led F&A services.
- Strong experience serving the F&A demand of North American organizations.
- Strong industry-specific expertise and experience.
- Clients highlight Auxis’ flexibility, staff management, and relationship management as key advantages.
Download the full PEAK Matrix® Assessment for FAO to learn more about FAO trends and why Everest Group recognized Auxis as a Star Performer and Major Contender.
About Auxis
Auxis is a leading management consulting and outsourcing firm that helps organizations modernize and scale their business operations through innovative processes, technologies, and organizational structures. Its core solutions include Nearshore Finance, IT, and Business Operations Outsourcing; Intelligent Automation; Cloud; and Analytics. Fortune 1000 organizations across industries have relied on Auxis for more than a quarter-century to obtain real benefits and ROI from every engagement. To learn more about Auxis and its services, visit www.auxis.com.
About Everest Group
Everest Group is a leading global research firm helping business leaders make confident decisions. It guides clients through today’s market challenges and strengthens their strategies by applying contextualized problem-solving to their unique situations. These drives maximized operational and financial performance and transformative experiences. Its deep expertise and tenacious research focused on technology, business processes, and engineering through the lenses of talent, sustainability, and sourcing delivers precise and action-oriented guidance. Find further details and in-depth content at www.everestgrp.com.
