Fort Lauderdale, Fla. – October 2, 2024 – Auxis, a Latin America outsourcing pioneer and finance transformation leader, was recognized as a top finance outsourcing company for the first time in the 2024 ISG Provider Lens™ for Finance and Accounting Outsourcing (FAO) Services.
ISG is the second leading research firm to recognize Auxis as a top FAO company; Everest also named Auxis a Major Contender in its PEAK Matrix® Report 2024 for Finance and Accounting Outsourcing (FAO) Service Providers for the past two years and added Star Performer designation this year.
ISG recognized Auxis as a Contender in two quadrants – Procure-to-Pay (P2P) and Order-to-Cash (O2C) – underscoring its status as a top FAO provider worldwide. Widely considered a top independent source for evaluating outsourcing companies, ISG’s Provider Lens for FAO helps organizations assess the strengths, challenges, and competitive differentiators of the leading FAO providers globally. It is produced by Information Services Group (ISG), a leading global technology research and advisory firm.
“Finance talent shortages, coupled with the geographic and cultural challenges associated with offshoring to Asia, have spurred a rising interest in nearshore outsourcing. This recognition from ISG underscores our status as a pioneering leader in the nearshoring space – bringing North American companies access to seamless collaboration, advanced technology, and top-tier talent to solve today’s critical challenges and achieve optimized, high-performance finance operations.”
– Raul Vega, Founder and CEO
Only 31 providers were selected for this year’s P2P and O2C reports, evaluated based on data-driven research, market analysis, and the real-world experience and observations of ISG’s global advisory team. Determining factors included portfolio attractiveness spanning scope, quality, strategy, and vision, and competitive strength in terms of market position, brand reputation, core competencies, and go-to-market.
“Auxis stands out in the FAO space by blending operational expertise with advanced automation capabilities. Their approach to modernizing finance operations, combined with a nearshore delivery model and partnerships like UiPath, positions them to drive efficiency, scalability and financial agility for enterprises.”
– Gaurang Pagdi, Lead Analyst
Auxis was recognized for its ability to deliver end-to-end, tech-enabled FAO solutions that enhance operational efficiency and agility, the ISG report states – combining nearly 30 years of finance and accounting experience with advanced digital capabilities such as over 80% touchless invoice processing. FAO is the largest and one of the fastest-growing service lines at Auxis.
Download the full report
With global delivery centers in top nearshore markets like Costa Rica and Colombia, Auxis also stands out as one of the only true nearshore players on the ISG list – a critical distinction as North American finance leaders increasingly seek an alternative to the challenges of outsourcing to the other side of the world. ISG cited Auxis’ “high-performing nearshore teams” as a key “sweet spot” for its services – combining proximity with expertise that offers enterprises a greater ability to alleviate talent shortages, achieve quick deployment, and outsource more complex, judgment-based transactions.
Other critical capabilities cited by ISG that define Auxis as an FAO Contender include:
- Consultative approach to outsourcing that helps clients modernize their finance operations, streamline workflows, and achieve long-term efficiency and scalability.
- Commitment to innovation that empowers clients to transition from manual, transactional processes to a future-ready, data-driven finance model leveraging AI and automation.
- Flexible and scalable services that help companies from mid-market to enterprise expand operations without compromising quality or customization. More than 50% of Auxis’ client roster are public companies, in addition to private equity-backed and private corporations.
- Dedicated industry focus, including specialized services like revenue cycle management, across a broad range of industries such as CPG, retail, manufacturing, healthcare, financial services, technology, hospitality, and more. Auxis helps clients navigate industry-specific challenges while improving operational efficiency.
- Shared services setup expertise, bringing a proven track record of establishing customized shared services centers for global enterprises that are both captive and outsourced.
Download the full ISG Provider Lens for FAO here to learn more about FAO trends and why Auxis is a market 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. Auxis has also been recognized as an IAOP “All Star” on the annual Global Outsourcing 100 list, a “Major Contender” on Everest Group’s Finance and Accounting Outsourcing (FAO) PEAK Matrix® Assessment for 2023 and 2024, and UiPath Platinum Partner. To learn more about Auxis and its services, visit www.auxis.com.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. For more information, visit www.isg-one.com.
