Framingham, Mass. (July 13, 2004) -- The market for worldwide finance and accounting outsourcing services, which reached over $30 billion in 2003, will reach $47.6 billion in 2008, according to research firm IDC.

IDC projects that finance and accounting business process outsourcing, one of the largest and fastest growing segments within the BPO offering, will grow at a 5-year compound annual growth rate of 9.6 percent, with spending on outsourcing of the transaction management function expected to grow the fastest, at 9.8 percent, over the next five years.

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