NEW YORK, Nov. 20, 2012 /PRNewswire/ -- Deloitte Touche Tohmatsu Limited (DTTL) is pleased to announce that Deloitte* has been named a leader in Gartner's 2012 Magic Quadrant for Global Financial Management Consulting Services.

"Deloitte member firms are committed to identifying and implementing innovative solutions that create value for clients and help them solve complex problems," said Steven Ehrenhalt, Global Finance Transformation Leader, DTTL. The recognition from Gartner validates this commitment and Deloitte member firms' effectiveness in bringing the best talent — in the area of finance transformation advisory services — from across member firms to our clients."

According to Gartner, leaders in this category are performing well, with a clear vision of market-building competencies to sustain their leadership position. Leaders generally share superior market understanding, vision, holistic and comprehensive methodologies and road maps. They have extensive geographic reach to support their on-site clients and have globally well-communicated and well-marketed sales offerings. Furthermore, leaders are also in the position to advise regulators and assist financially stricken businesses in crisis.

For the completeness of vision axis, Gartner evaluates consultants on their ability to articulate logical statements about current and future market direction, innovation, customer needs, and competitive forces and how well they map to the Gartner position. Additionally, consultants are rated on their understanding of how market forces can be exploited to create opportunity for the provider.

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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. 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.

Source: Gartner, Magic Quadrant for Global Financial Management Consulting Services, 2012, Jacqueline Heng, John E. Van Decker, November 8, 2012.

*As used in this press release, 'Deloitte' means Deloitte Touche Tohmatsu Limited member firms.

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte has in the region of 200,000 professionals, all committed to becoming the standard of excellence.