Bain & Company Named as "a Leader" in the 2024 Gartner® Magic Quadrant™ for the Finance Transformation Strategy Consulting Market
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BOSTON, Nov. 11, 2024 ~ Bain & Company, a leading global business consulting firm, has recently been recognized as a Leader in The Gartner® Magic Quadrant™ for the Finance Transformation Strategy Consulting (FTSC) market. This prestigious recognition highlights the firm's expertise and success in providing engagement services that enable CFOs and their finance organizations to define strategies and execution roadmaps for multiple business-aligned initiatives.

According to Gartner, a Leader in this market is defined as a company that demonstrates a market-defining vision for transforming the finance function. They also deploy innovative technologies, such as AI and GenAI, with increased frequency during their consulting engagements to accelerate delivery while enhancing the quality of finance transformation strategies. Additionally, Leaders provide clients with access to self-service tools and resources to develop and refine their finance transformation strategies.

"We're honored to be recognized by Gartner as a Leader in the Finance Transformation Strategy Consulting market Magic Quadrant," said Michael Heric, a New York-based Bain Partner and global leader of the firm's global Finance solution in its Performance Improvement practice. "We have a proven track record of advising CFOs on navigating the increasing complexity in finance transformation, from data and technology to process improvements and people strategies," he added.

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Bain & Company has an impressive track record of success with over 3,100 support function projects. Their clients have experienced strong financial results, with programs delivered by Bain yielding a 25-times return on investment and achieving typical savings of 20 to 30 percent. The firm offers a full range of capabilities including process redesign, shared services, capability sourcing, and change management to help clients achieve their goals.

In addition to these capabilities, Bain also brings its integrated digital solutions platform called Vector℠. This platform provides advanced analytics, AI, and automation expertise to help finance teams get more value from technology. The firm also utilizes proprietary tools like Aura, an independent SaaS workforce analytics platform that provides key insights on workforce metrics, organizational capability assessments, talent sourcing, and competitive benchmarking.

Gartner emphasizes the importance of service, market responsiveness/record, and operations criteria in this Magic Quadrant. These factors speak to a service provider's ability to deliver a high-quality product in the form of a finalized finance transformation strategy and roadmap that outlines clients' most critical improvement opportunities and associated action plans.

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For more information on Bain's approach to Corporate Support, please visit their website. A complimentary copy of The Gartner® Magic Quadrant™ for the Finance Transformation Strategy Consulting (FTSC) market can also be accessed on their website.

To arrange an interview with Bain & Company, please contact Dan Pinkney at +1 646 562 8102.

Gartner®, Magic Quadrant for Finance Transformation Strategy Consulting, Geraldine Garaud, Peter Brannigan, Marco D'Ascoli, 5 November 2024. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research including any warranties of merchantability or fitness for a particular purpose.

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