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Top 5 Back-Office Functions That Should Be Automated

Automation Anywhere

The back office provides vital support and administration to the business and can help create service differentiation with business functions such as IT, HR, and finance. They can have a significant impact on back-office functions to bring about operational efficiencies: reduced cost, faster turnaround times, and increased productivity.

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Battling Turnover, Attrition, And Minimum Wage Increases with Outsourcing

Premier BPO

This domino effect would mean organizations would have even more burden on their finances. According to an article on Forbes , workers will be displaced by technology in almost every industry to manage increased costs. About 68% of US companies outsource to reduce costs – capitalcouncelor.com. 45% in 2019.

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Diverse Revenue Streams for Schools: Boost Financial Sustainability

Planergy Software

Centralizing things reduces costs and risks. You can maximize grants by focusing on financing specific projects, like STEM programs, teacher training, or energy-efficient building upgrades. To enrich overall learning, consider offering life skills courses for high school students, such as career planning, or personal finance.

Finance 52
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Cash versus digital payments: How to achieve financial inclusion

IBM Services

AliPay also introduced its “Smile to Pay” facial recognition application on mobile devices in 2017, which allows customers to make purchases by posing in front of point-of-sale machines. Increasing the use of cash does not reduce cost or friction in the economy. The reasoning for the D.C.

Banking 93
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Unleash growth through cloud & big data

Infosys Consulting

Yet, in the next five years, big data and machine learning will grow exponentially, especially in the following areas: Marketing, operations, finance, and healthcare. For example: Amazon Lex – In 2017, Amazon introduced Amazon Lex, which has enabled the company to understand what their consumers want or need before they do themselves.

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Turning Data Into Actionable Insights

Planergy Software

In 2017, The Economist published a story titled, “The world’s most valuable resource is no longer oil, but data.” This step can make or break an organization’s ability to understand its data better and leverage it to maximize profitability, reduce cost, and create value for shareholders.

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Horizontal vs. Vertical Integration: A Comprehensive Guide

Planergy Software

Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services. download a free copy of our guide 3.