Perficient Digital Transformation

SEPTEMBER 22, 2023

Two statistics she shared stood out to me: First, on average, healthcare organizations have 46 systems in place dedicated to operations (Source: Salesforce Research, Healthcare & Life Sciences, April 2023). Roughly 30% of health industry costs come from administrative work (Source: Health Affairs, Administrative Waste Study 2022).

Healthcare 59

Healthcare Administrative Reduced Costs Sourcing 59

Vilmate

NOVEMBER 30, 2023

In 2022, there was a high demand for IT professionals, but in 2023, this demand started to decrease. Many companies began cutting costs, including hiring fewer new employees. in September 2023, the highest in 40 years. Higher interest rates: In 2023, the US Federal Reserve increased interest rates to control inflation.

Jobbing 52

Jobbing Cybersecurity Marketing Out-Tasking 52

Influx

AUGUST 9, 2023

Whether you’re launching earlier for the holiday season, scaling customer support, or looking to clear the backlog, understanding the costs of hiring and outsourcing is a big factor in the decision making process. We’ve curated a list of 2023 stats on the cost of hiring customer support that will help you make the right choice.

Customer Support 52

Customer Support Outsourcing Flexibility Customer Service 52

Everest Group

SEPTEMBER 10, 2024

IST Procurement today faces constant pressure to reduce costs while adding value, such as improving efficiency, driving supplier innovation, managing risk, incorporating emerging technologies like generative AI, and helping the organization achieve its environmental, social, and governance (ESG) goals, among others. PT | 10 a.m.

Design 52

Design Sourcing Reduced Costs Outsourcing 52

Magellan Solutions

NOVEMBER 7, 2022

Insurance Back Office Support Tasks for 2023. INCREASED EFFICIENCY. REDUCED COSTS. At the same time, you can also save money on these costs. Outsourcing insurance back office support makes an insurance company more efficient as a whole. Why do people get insurance back office support? TALK TO US!

Insurance 75

Insurance Outsourcing Out-Tasking Offshoring 75

Perficient Digital Transformation

SEPTEMBER 3, 2024

Amazon Web Services Optimization and Licensing Assessment (AWS OLA) evaluates your third-party licensing costs to help you right-size your resources, reduce costs, and explore flexible licensing options. Let’s embark on this journey to a more agile, efficient, and cost-effective IT future. Sources: [link] [link]

Reduced Costs 52

Reduced Costs Right-Sizing Flexibility Finance 52

Customer Serv Outsource Smarter

DECEMBER 16, 2022

And what can we expect in 2023? So, what’s in store for 2023 in our beloved BPO industry? Onshore cost surge. Outsourcing costs have been steadily rising in the U.S., and we anticipate this will continue throughout 2023. have increased into the $35-$45+ range in 2022, and we expect 2023 will be no different.

BPO 52

BPO Outsourcing Nearshoring Call Center 52

Groove Technology

SEPTEMBER 27, 2024

Outsourcing software development has emerged as a powerful strategy for businesses seeking to enhance efficiency and innovation. A 2023 study by Deloitte found that 81% of executives cited clear project requirements as critical for outsourcing success. Navigating these complexities requires a careful and strategic approach.

Software 130

Software Outsourcing Offshoring Right-Sizing 130

The Hackett Group

JULY 13, 2023

Miami, FL — July 13, 2023 — For the first time in decades, most finance organizations experienced a significant increase in operating costs in 2023, driven by inflationary pressures, geopolitical unrest and other uncertainty factors, according to new research from The Hackett Group , Inc. NASDAQ: HCKT).

Operational Costs 97

Operational Costs Finance Research Advisory 97

31 West

OCTOBER 31, 2024

Expansion can help drive investment, partners, and top talent, which can help facilitate even more fast-paced growth, Timely and efficient growth can lead to long-term sustainability. Hence, the first growth strategy you want to adopt is operational efficiency optimization. trillion in 2023. What does this mean in practice?

Human Resources 130

Human Resources Engineering Marketing Research 130

Everest Group

SEPTEMBER 9, 2024

Capital Markets IT Services PEAK Matrix® Assessment The capital markets industry is transforming to enhance operational efficiencies and reduce costs. Enterprises are investing in Regulatory Technologies (RegTech) to manage compliance efficiently across global regulations.

Marketing 52

Marketing Service Banking Cybersecurity 52

Metasource

AUGUST 5, 2024

IA enables companies to enhance efficiency, reduce costs, and stay competitive in an ever-evolving market. These are just some of the reasons why 99% of organizations had either already invested in intelligent automation in 2022 or were planning to invest in it in 2023. But what exactly is intelligent automation?

Automation 52

Automation Data Entry Out-Tasking Reduced Costs 52

The Hackett Group

OCTOBER 22, 2024

Remarkably, finance is the only back-office business function that reduced costs as a percentage of revenue from 2023 to 2024 while investing more in technology. Consistent investment in technology is a crucial driver of finance’s efficiency. These investments continue to reduce costs while increasing overall speed.

Finance 59

Finance Advisory Marketing Reduced Costs 59

Redial

MARCH 21, 2023

As we keep moving into 2023, several trends are shaping the industry and creating exciting opportunities for businesses of all sizes. This not only improves efficiency and reduces costs but also frees up human agents to focus on more complex and high-value customer interactions.

Nearshoring 100

Nearshoring Call Center Right-Sizing Labor Costs 100

Everest Group

OCTOBER 17, 2024

billion in 2023 to over US$ 14 billion by 2028. from 2023 to 2028. It has the potential to reshape the payment integrity landscape, setting new standards for accuracy, efficiency, and innovation. Many payers currently manage relationships with more than seven partners, with some overseeing as many as 13.

Marketing 59

Marketing Healthcare Management Administrative 59

Everest Group

JUNE 12, 2023

Learn More Event details: Masterclass: Bridge the Employability Gap through Impact Sourcing June 27, 2023 11:00 am – 01:00 pm IST Learn how impact sourcing creates economic empowerment, social inclusion, and skill development by providing job opportunities and training to marginalized communities.

Impact Sourcing 52

Impact Sourcing Reduced Costs Sourcing Accounting 52

IBM Services

FEBRUARY 6, 2024

One of the more complex challenges banks must solve is to make payments more efficient. Europe recently announced a mandate that real-time payments be available from any provider who currently offers batch euro payments (such as SEPA credit transfers) at a price of no more than the cost of batch transfers. in 2023-2024.

Banking 93

Banking Government Retail Reduced Costs 93

Everest Group

APRIL 10, 2024

These issues have reduced margins and escalated providers’ workloads. Research indicates that nearly 50% of providers witnessed an overall increase in denials in 2023 compared to the previous year, while patient collections sharply dropped to 47.8% in 2022 and 2023 from 54.8%

Management 59

Management Healthcare Robotics Process Automation Analytics 59

Groove Technology

MAY 7, 2024

In today’s globalized business environment, outsourcing IT functions is a strategic move for many companies looking to enhance service quality, reduce costs, and access a wider talent pool. This adaptability, combined with cost-efficiency, makes India a compelling choice for IT outsourcing. crore (approximately US$ 11.77

IT Outsourcing 130

IT Outsourcing Outsourcing Cybersecurity Government 130

Everest Group

JUNE 28, 2023

linkedin live How Technology Can Help Healthcare Overcome the $30 Billion RCM Spend June 28, 2023 | 9:30 a.m. CDT | 10:30 a.m. EDT | 3:30 p.m. BST, 8 p.m. IST The pandemic left no industry untouched, but healthcare was especially impacted. What questions will the event address?

Healthcare 52

Healthcare Streamline Operations Reduced Costs Administrative 52

SEBPO

JANUARY 11, 2023

One of 2023’s biggest continuing business trends is automation, with the latest and greatest technology (AI, RPA, and more) assisting with process efficiency and increased productivity. Here’s how we help: Reduce costs immediately with our skilled teams. Automation & Outsourcing: The Power of People and Technology.

Automation 98

Automation Outsourcing Robotics Process Automation Out-Tasking 98

Everest Group

FEBRUARY 27, 2024

Generative Artificial Intelligence (gen AI) is emerging as a game-changer in customer experience management (CXM) by offering the potential to personalize customer interactions, enhance operational efficiency, and provide a competitive edge. As enterprises adopt gen AI, third-party providers have an increasingly vital role.

Management 64

Management Out-Tasking Outsourcing Efficiency 64

Capgemini

SEPTEMBER 13, 2024

Though the journey ahead is fraught with regulatory, technological, and operational complexities, the promise of enhanced efficiency, reduced costs, and bolstered security presents a compelling case for broader adoption of digital assets. We are sorry, the form submission failed. Please try again.

Marketing 52

Marketing Regulations Streamline Operations Reduced Costs 52

Magellan Solutions

FEBRUARY 14, 2024

In recent years, the US healthcare industry has significantly increased its reliance on healthcare call center outsourcing companies to enhance patient care and operational efficiency. Improved customer service – Outsourced centers handle high call volumes extremely efficiently, reducing hold times.

Call Center 98

Call Center Healthcare Outsourcing Insurance 98

Perficient Digital Transformation

NOVEMBER 1, 2024

The following year, in December 2023, the US Treasury Department issued an RFI that sought input to inform its development of a national financial inclusion strategy; that RFI included questions related to the use of technologies such as AI in the provision of consumer financial services.

Regulations 52

Regulations Service Cybersecurity Banking 52

Perficient Digital Transformation

JANUARY 24, 2023

From this survey the 2023 B2B Commerce Growth Strategies Report was born. Today’s consumer is all about efficiency and effectiveness and when those things come with reduced costs- it seems everyone wins. And 74% expect their websites to generate more than 50% of sales in 2023.

Right-Sizing 69

Right-Sizing Sales Reduced Costs Manufacturing 69

Capgemini

OCTOBER 6, 2023

The operating model of the future – in the context of intelligent automation Maciej Sowa Oct 04, 2023 Facebook Twitter Linkedin The transition to a modernized, future-ready, automation-infused operating model can transform the organization into an ecosystem of interconnected components. Let’s take a quick look at each of these in turn.

Automation 52

Automation Robotics Process Automation Government Reduced Costs 52

IBM Services

OCTOBER 30, 2023

The retailer uses these insights to optimize inventory levels, reduce costs and enhance efficiency. Overall, this partnership enables the retailer to make data-driven decisions, improve supply chain efficiency and ultimately boost customer satisfaction, all in a secure and scalable cloud environment.

Analytics 83

Analytics Retail Insurance Streamline Operations 83

Everest Group

DECEMBER 14, 2022

Since every past economic slowdown in this century has led to accelerated innovation and growth for FinTech firms, 2023 should be no different. Let’s explore the following FinTech trends on the horizon for 2023: Investors will push for profitability. The FinTech outlook for 2023. Payments, wealth management, treasury, Web 3.0,

Banking 72

Banking Insurance Finance Advisory 72

IBM Business Partners

JUNE 19, 2023

By sourcing materials and labor from countries with lower labor and manufacturing costs, businesses were able to capitalize on the economic boom, produce more goods and services, and minimize their costs. trillion in 2023 because of these disruptions. However, now we see how brittle these global supply chains are.

Manufacturing 77

Manufacturing Offshoring Labor Costs Reduced Costs 77

Groove Technology

OCTOBER 1, 2024

trillion by 2023. Conclusion Outsourcing offers diverse opportunities for businesses to optimize operations, reduce costs, and access specialized expertise. Outsourcing can help small businesses reduce operational costs, increase efficiency, and focus on core competencies. According to Beroe Inc.,

Software 130

Software Outsourcing Nearshoring Offshoring 130

The Hackett Group

APRIL 13, 2023

MIAMI & LONDON, April 13, 2023 – The Hackett Group, Inc. The Finance and Accounting Outsourcing research report, which The Hackett Group ® expects to issue in Q3 2023, will detail and quantify the broad range of benefits that companies can accrue by working with individual outsourcing solutions providers.

Finance 96

Finance Research Accounting Outsourcing 96

Groove Technology

SEPTEMBER 27, 2024

According to the Global Services Location Index 2023 by A.T. billion in 2023, with a projected CAGR of 7.7% from 2024-2030 (Grand View Research, 2023). Countries like the Philippines and India often rank highly in this regard, facilitating smoother project coordination and reducing misunderstandings. A: Not always.

Software 130

Software Outsourcing Nearshoring Offshoring 130

Perficient Digital Transformation

OCTOBER 24, 2024

OCC In December 2023, the Office of the Comptroller of the Currency (OCC) classified AI as an emerging risk to the banking industry in an industry report they produced. Co-pilots: Software supported and enabled traders to operate more efficiently and swiftly.

Regulations 52

Regulations Service Banking Cybersecurity 52

IBM Services

SEPTEMBER 13, 2023

According to the Cost of a Data Breach 2023 Report by IBM, the average cost of a data breach reached a record high of USD 4.45 It provides in-product guidance on how to address specific vulnerabilities and detailed write-ups of strategies to help reduce your overall exposure. million this year.

Management 100

Management Cybersecurity Engineering Reduced Costs 100

Mercans

MAY 2, 2023

What it Means for Payroll Clerks and How to Upskill According to a recent report 1 by World Economic Forum, payroll clerks are one of the top 10 fastest-declining jobs in 2023. Payroll technology has the potential to streamline payroll processes and reduce manual labor. But what does this mean for payroll clerks?

Payroll 52

Payroll Data Entry Out-Tasking Jobbing 52

IBM Services

NOVEMBER 30, 2023

The cyberthreat landscape is evolving and countries such as India are facing an alarming rate of increase in cyberattacks ( Q2 of 2023 saw a 90% increase ). The consolidation of client environments within a centralized platform streamlined operations, improved scalability and reduced costs.

Cybersecurity 70

Cybersecurity Regulations Sourcing Streamline Operations 70