north america f&a hotspot
DESCRIPTION
Talent Neuron discusses the F&A Global hotspots in terms of installed talent, key companies, Industry trends and best practices followedTRANSCRIPT
North America F&A Hotspots - Overview (Executive Summary)
January 2014
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New York, Bay Area, Chicago and Boston are the top US locations for F&A Activities
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Greater Seattle Area
Sacramento
San Antonio
Kansas City St. Louis
Milwaukee New York
Detroit
Columbus
Baltimore
Jacksonville
Tampa, St. Petersburg
Installed talent is greater than 10,000 Installed talent is between 5,001-10,000 Installed talent is between 1,000-5,000
Charlotte, North Carolina
Talent Heat Map – Top 36 locations
Key Locations
Source: Talent Neuron research and analysis
Note: Hubs were identified based on installed base
San Francisco / Bay Area
Santa Diego
Phoenix
Los Angeles
Denver
Dallas/Fort worth
Houston
Boston
Washington
Chicago Philadelphia
Miami
Portland
Pittsburg
Indianapolis
Nashville
Austin
Atlanta
Tucson
Las Vegas
Memphis Albuquerque
Boise
Closing & reporting, Order to cash functions approximately comprise 40% of the talent
4 Source: Talent Neuron research and analysis
Installed Talent
25% 24% 24%
22% 24% 24%
22% 24% 24% 25%
24% 24% 24% 26%
24% 24% 24% 24%
20% 21% 23%
22% 22% 23% 24%
18% 16% 16%
14% 16% 17%
19% 14% 14%
13% 14%
6% 6% 6%
6% 6%
5% 9% 5%
6% 6%
5% 6% 6%
6% 6%
6% 6%
5% 7%
9% 8%
8% 9% 8% 6%
5% 4% 5%
3% 5%
6% 7%
3% 4%
3% 3%
5% 5% 6%
3% 6%
3% 7%
3% 5%
3% 3%
6% 6%
3% 6%
5% 6%
3% 7%
9% 8%
8% 9%
6% 8%
4% 5%
9% 6%
4% 6%
3% 7% 5%
4% 4%
18% 18%
18% 19%
18% 18%
16% 18%
18% 17%
18% 18% 18%
20% 18%
18% 18%
18% 29%
17% 17%
17% 16%
18% 21%
23% 25%
22% 18%
17% 19%
21% 20%
17% 18% 17%
18% 18%
18% 22%
18% 24%
22% 24%
18% 25%
24% 18% 18%
23% 18%
21% 18%
24% 16%
17% 17%
17% 16%
19% 18%
25% 21% 18%
29% 23%
25% 21%
19% 24%
23% 25%
18% 18%
18% 19% 18% 18%
16% 18%
18% 17%
18% 18% 18%
14% 18% 18% 18% 18%
16% 17% 17%
17% 16% 18%
16% 15%
18% 21%
23% 24%
18% 16%
19% 22%
18% 24%
10% 10%
9% 9% 9% 9% 8%
9% 10%
8% 9% 9% 9% 9% 9% 9% 9% 9%
7% 11% 11% 12% 11% 10%
7% 10%
11% 9%
7% 11%
9% 13%
18% 14%
21% 13%
Boise
Tucson
Albuquerque
Memphis
Las Vegas
Milwaukee
NashvillePittsburgh
Kansas City
JacksonvilleSacramento
Baltimore
Portland
San Antonio
St. LouisIndianapolis
Tampa/St.…
ColumbusCharlotte
AustinPhoenix
San DiegoMiami/Fort…
Detroit
Seattle
PhiladelphiaDenver
Houston
Atlanta
Dallas/Fort…Los Angeles
Washington…
BostonChicago
San Francisco
New York City
Closing & Reporting Compliance Financial Planning/ Analysis General Accounting Order to Cash Procure to Pay Treasury & Tax
We are seeing an emerging trend where some functions such as finance, HR and IT are beginning to get combined
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Trends
Source: Talent Neuron Research and Analysis
Preference of companies to outsource/offshore support functions
Current Scenario: in Single function centers
Low High Low High
Emerging Scenario: in Multi Function centers
M&S
Inside Sales
Procurement
HR
Customer Support
F&A
IT
F&A + Procurement
F&A + IT
F&A+ HR + Procurement
F&A + HR + IT
F&A + HR
IT + F&A + Finance + Procurement
Though annualized cost saving in single function centers are lower initially, post steady state multi-function centers witness high cost savings
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Trends
Source: Talent Neuron Research and Analysis
Ave
rage
An
nu
aliz
ed C
ost
Sav
ings
1 Function 2-3 Functions 3 or More Functions
Year 1 Year 2 Year 3 and Beyond
High Differential in Annualized Cost Savings
Incremental Differential
Steady State
• Single Function Centers have better cost advantage
• Multi-Function Centers have better cost advantage
Pre Steady State Post Steady State
Illustrative
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