IBM Services

OCTOBER 30, 2023

Among the passed regulations were updated requirements for Form 8-K reporting as well as new guidance for Form 10-K Amendments. The following questions are required for all Form 8-K incident reporting under the new regulations: When the incident was discovered and whether it is ongoing. increase from 2020.

Cybersecurity 78

Cybersecurity Regulations Risk Management Risk Management 78

Groove Technology

OCTOBER 1, 2024

According to Deloitte's 2020 Global Outsourcing Survey, 70% of companies cite cost reduction as a primary reason for BPO adoption. Outsourcing can help small businesses reduce operational costs, increase efficiency, and focus on core competencies.

Software 130

Software Outsourcing Nearshoring Offshoring 130

IBM Services

FEBRUARY 7, 2024

Companies are investing in renewable energy projects and implementing energy-efficient technologies and practices. Investors, regulators and stakeholders are increasingly demanding that companies disclose their exposure to climate-related risks , such as dependence on fossil fuels or vulnerability to weather events.

Government 95

Government Software Regulations Sourcing 95

IBM Services

DECEMBER 1, 2023

To align with key imperatives and transform their companies, insurers need to provide digital offerings to their customers, become more efficient, use data more intelligently, address cyber security concerns and have a resilient and stable offering. It is difficult, requires intensive labeling and takes months of effort.

Insurance 103

Insurance Automation Regulations Reduced Costs 103

IBM Services

MAY 6, 2024

Successful clinical studies hinge on efficiently recruiting and retaining diverse participants. Recognizing this gap, regulators emphasize the importance of greater diversity. For instance, the FDA released guidance in November 2020 titled, “Enhancing the diversity of clinical trial populations.”

Pharmaceuticals 85

Pharmaceuticals Research Design Administrative 85

IBM Services

FEBRUARY 5, 2024

Regulatory pressure on payments digitization Many countries have embraced payments modernization and introduced initiatives to speed adoption and regulate the landscape. FinCEN reported 680,000 cases of possible check fraud in 2022, up from 350,000 in 2021 , indicating a 23% increase over 2020. billion checks processed that year.

Banking 91

Banking Business Process Outsourcing Flexibility Regulations 91

IBM Business Partners

MAY 23, 2023

According to a 2021 study by the IBM Institute for Business Value (IBV), 80% of executives expected their organizations to operate more than 10 distinct clouds by 2023, up from eight in 2020. “Chasing after compliance regulations and spending all your energy to check off boxes is not the best way to use your cyber talent.”

Cybersecurity 91

Cybersecurity Regulations Accounting Automation 91

Automation Anywhere

JUNE 1, 2022

Gartner predicted that by 2020, about 20.4 In factories , where engineers fix faults in machinery or other devices, automation can save time and efficiency costs because software bots can pinpoint the exact source of the fault and notify engineers so that they can fix it quickly and get things back up and running.

Automation 145

Automation Manufacturing Retail Efficiency 145

Groove Technology

AUGUST 10, 2022

This cumbersome and time-consuming procedure is restricted by a number of restrictions and regulations regarding the positions that foreigners may hold. Local regulations. The GEO will adhere to all national and local labor regulations, taxes, and work licenses. However, employing a foreigner in Vietnam is difficult.

IT Outsourcing 130

IT Outsourcing Outsourcing Payroll Administrative 130

Velocity Global

MARCH 26, 2021

Biotech and life sciences firms experienced a banner year in 2020. Firms received the highest total of venture capital funding in history, with 2020’s sum of $26 billion blowing away the previous high of $19 billion in 2018. . Controlling costs and maximizing budget efficiency remains an ongoing challenge.

Regulations 52

Regulations Government Pharmaceuticals Research 52

Perficient Digital Transformation

JANUARY 3, 2022

According to market research , the global animal health market was valued at approximately $139 billion in 2020 and is predicted to grow to more than $190 billion by 2027. High call volumes, combined with changing regulations and increased complexity of calls, can quickly overload even the most efficient call centers.

Pharmaceuticals 69

Pharmaceuticals Call Center Data Entry Customer Service 69

VXI

NOVEMBER 11, 2021

Nevertheless, 2020 has proven that no health crisis can stop certain M&A activities. According to a Capstone Partners study , mergers and acquisitions activity in the BPO & Contact Centers industry exhibited resilience through the pandemic with 27 deals announced or closed in 2020. Post-Pandemic Mergers and Acquisitions.

BPO 94

BPO Call Center Business Process Outsourcing Outsourcing 94

Everest Group

JULY 17, 2024

In the first half of 2023, there were over 1,715 adjustments to the US state insurance regulations, many of which address climate issues. According to a global survey, 25% of insurers identified “grasping ESG-related regulations and guidelines” as their primary challenge in advancing their ESG initiatives.

Insurance 69

Insurance Risk Management Risk Management Regulations 69

IBM Services

JANUARY 25, 2024

Whether MRO processes address preventive maintenance, service failures or shutdown overhauls, the wanted results are the same: deliver increased service levels, function safely and sustainably, operate efficiently and reduce unplanned and costly downtime. trillion, up from USD 864 billion in 2019 to 2020.

Inventory Management 78

Inventory Management Supply Chain Management Energy & Utilities Manufacturing 78

VXI

NOVEMBER 11, 2021

Nevertheless, 2020 has proven that no health crisis can stop certain M&A activities. According to a Capstone Partners study , mergers and acquisitions activity in the BPO & Contact Centers industry exhibited resilience through the pandemic with 27 deals announced or closed in 2020. Post-Pandemic Mergers and Acquisitions.

BPO 90

BPO Call Center Business Process Outsourcing Outsourcing 90

Infosys Consulting

FEBRUARY 27, 2024

It is a well observed fact that large utility companies tend to prefer capital-based projects than operational spend due to the governing regulations overseen by various energy regulatory commissions in the US. Regulations Utility, especially in the US, is a highly regulated industry.

Advisory 52

Advisory Regulations Software Accounting 52

Automation Anywhere

JULY 8, 2022

A 2020 Bain & Company survey shows that 84% of companies across all industries have accelerated their automation efforts, primarily due to the fallout from the pandemic. Because it virtually eliminates human error, intelligent automation strengthens compliance with stringent standards and increasingly complex regulations.

Automation 84

Automation Pharmaceuticals Data Entry Inventory Management 84

IBM Services

OCTOBER 9, 2023

It can do this primarily by helping automate government services offered to citizens, as well as create greater efficiencies in how agencies communicate internally and with people who rely on public services. In this way, AI-enhanced automation and efficiency could help enable government agencies to serve as a hub for citizens.

Government 54

Government Service Call Center Regulations 54

VXI

MAY 25, 2021

As most of the transactions shifted online and employees’ welfare became paramount, errands over the internet and working-at-home became the new norm in 2020 and 2021. Advanced analytics software Statistica , reported a 16% increase in sales in the US around Q2 of 2020. Information is made available almost everywhere.

E-Commerce 52

E-Commerce Sales Regulations Automation 52

Infosys Consulting

SEPTEMBER 14, 2021

trillion in 2020 to $39.9 billion in 2020, expanding at a Compound Annual Growth Rate (CAGR) of 23.9%. billion in 2020, expanding at a Compound Annual Growth Rate (CAGR) of 23.9%. Efficiency – After initiating an international transfer, funds move through multiple correspondent banks before reaching the recipient.

Banking 52

Banking Finance Regulations Government 52

Everest Group

FEBRUARY 21, 2023

DALLAS, February 21, 2023 — Everest Group research suggests that 71% of organizations want to improve their geographical footprint; however, global expansion can be a complex and lengthy process, with organizations needing to navigate new legal systems, regulations, taxes, cultures, languages and more.

Global Hiring 52

Global Hiring Administrative Payroll Regulations 52

IBM Services

SEPTEMBER 14, 2021

billion, up from $270 billion in 2020”. Fueled by the pandemic and changing business and customer needs, most organizations are now ready for chapter 2 , which focuses on regulated, complex and mission-critical workloads—most of which are incompatible with the cloud and require modernization. Why hybrid cloud?

Regulations 52

Regulations Sourcing Flexibility Automation 52

IBM Services

NOVEMBER 10, 2023

Just in 2020, the Centers for Medicare and Medicaid Services (CMS) published a rule for healthcare systems whereby patients, providers, and payers must be able to easily exchange information. In the US, these inefficiencies contribute to an increasing healthcare system waste and challenges delivering cost-effective quality care.

Administrative 101

Administrative Healthcare Right-Sizing Insurance 101

Perficient Digital Transformation

JANUARY 24, 2023

B2B ecommerce has seen a monumental uptick since the 2020 pandemic. Today’s consumer is all about efficiency and effectiveness and when those things come with reduced costs- it seems everyone wins. Personalization in B2B means enabling each business buyer to do their job more efficiently.

Right-Sizing 69

Right-Sizing Sales Reduced Costs Manufacturing 69

Ivemsa

JUNE 29, 2023

Though manufacturers are making great strides to improve their eco-friendliness and maintain compliance per government regulations and consumer satisfaction, it takes time. Trade Relations In 2020, the U.S., However, radical changes in production and processes don’t occur overnight. The close proximity between the U.S.

Nearshoring 52

Nearshoring Manufacturing Government Regulations 52

Magellan Solutions

AUGUST 19, 2021

With an expected CAGR of 45.23% between 2020 and 2027, the future of neo-banking looks very promising. . Stricter data regulations, the demand for innovation, the need for instantaneous information, optimal customer experience, and faster approvals. . The FCA in the UK is in the early stages of making the shift to Open Finance.

Banking 52

Banking Retail BPO Finance 52

Everest Group

MARCH 13, 2023

A Forbes assessment shows that while the US economy (as measured by GDP growth) plunged into recession eight times over a 60-year period from 1960-2020, healthcare expenditure growth never shrunk, often outgrowing gross domestic product (GDP) as illustrated in Exhibit 1. Payers will have to explore ways to offset any price hikes.

Healthcare 59

Healthcare Insurance Administrative Government 59

Everest Group

FEBRUARY 23, 2023

With Australia facing a looming recession, outsourcing is emerging as a solution for banks and financial institutions to navigate economic uncertainty, improve efficiency, and find expert talent. in December 2020. Interest rates have risen to 3.1% from an almost negligible rate of 0.1% How to enter the land down under?

Banking 52

Banking Outsourcing Marketing Regulations 52

IBM Services

OCTOBER 9, 2023

The “ Cost of a Data Breach 2023” report also uncovered that, since 2020, healthcare data breach costs have increased by 53.3%. Regulatory Compliance : Just like healthcare organizations, medical device manufacturers must adhere to strict regulatory guidelines, such as the FDA’s Quality System Regulation (QSR).

Risk Management 82

Risk Management Risk Management Cybersecurity Management 82

AS White Global

APRIL 25, 2022

In 2020, the global adoption rate of fintech products was 64%. The year 2020 saw an increasing shortage of fintech software engineers. To solve the recruitment and retention problems of fintech talent, companies are seeing the efficient values of leveraging offshore talent sources. Compliance to regulations.

Offshoring 52

Offshoring Cybersecurity Regulations Banking 52

Ivemsa

OCTOBER 19, 2021

However, working with a shelter company is one of the most cost-effective, efficient, and safest ways to get a project up and running. Tax and customs compliance are key areas where manufacturers face challenges as regulations change constantly. The language and specifics of changing regulations can become confusing and overwhelming.

Manufacturing 52

Manufacturing Administrative Regulations Retail 52

Automation Anywhere

NOVEMBER 19, 2020

Life sciences companies began the year 2020 with significant challenges, including COVID-19. And they can keep employees from focusing on higher-value work to enhance a company’s efficiency and productivity. Add to that challenge the increasing pressure on life sciences companies from generics.

Automation 98

Automation Robotics Process Automation Supply Chain Management Data Entry 98

Invedus

MAY 22, 2023

In 2020, it was valued at around $10.5 Less Medical Billing Errors Medical billing is changing with new rules and regulations. Outsourcing Service providers specializing in medical billing are experienced in navigating complex coding and billing regulations. Usually, 70-80% of the patients won’t pay their bills on time.

Outsourcing 52

Outsourcing Service Healthcare Regulations 52

Immedus

NOVEMBER 11, 2021

As they see it, paying people before a designated pay date offers employees access to this resource in a way that is cost-efficient. billion in 2020 and is projected to reach $48.68 As it becomes more commonplace, we can expect to see more regulations is the view of some. Rising numbers locked out of banks. from 2021 to 2030.

Payroll 105

Payroll Banking Accounting Regulations 105

IBM Services

APRIL 4, 2024

BPM is intended to help improve the efficiency of existing processes, with the goal of increasing productivity and overall business performance. Document-centric BPM is for efficiently managing documents and content—such as contracts—within processes. BPM is often confused with other seemingly similar initiatives.

Management 58

Management Out-Tasking Automation Inventory Management 58

Velocity Global

MAY 12, 2022

Regulations for employee time tracking vary from country to country. Employee time tracking is how businesses record the working hours of their employees to ensure accurate payroll, measure efficiency in the workplace, and increase accountability and productivity. What Is Employee Time Tracking? European Union Time Tracking Laws.

Payroll 52

Payroll Regulations Advisory Government 52

Velocity Global

NOVEMBER 12, 2021

Between 2010 and 2020, business travelers registered an average of 450 million trips per year in the United States alone. hotel rooms in 2021, a 20% bump from 2020. However, analysts predict hotel business-travel revenue in 2021 will be $10 billion below 2020 levels. Business trips are therefore less efficient.

Payroll 52

Payroll Banking Regulations Marketing 52