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The agenda is designed to help C-suite leaders and teams in globalbusinessservices, sourcing and vendor management, and shared services operate at peak productivity and efficiency. The theme of the conference is “The Pragmatic Edge: Designing Your Future.”
Show me the value: monetization strategies in CM platforms The monetization strategies for CM platforms are evolving, with providers typically charging for their tools separately from the services they offer.
For instance, India and Eastern Europe have become hubs for IT and software development talent Cost arbitrage: While cost savings remain a key driver, the focus has shifted to achieving cost efficiency without compromising quality. Enterprises must carefully assess their options and choose partners that align with their strategic goals.
and an efficiency gap of 7.8%. indicates a growing reliance on technology to increase procurement productivity, efficiency and effectiveness. We’ve seen a reordering of priorities in terms of procurement strategy for 2023,” said The Hackett Group Senior Research Director, Procurement and Procure-to-Pay Advisory, Amy Hillcox.
From any vantage point, COVID was good to the globalbusinessservices (GBS) model. Show the enterprise how to work globally? Short-term transformation consultancy assignments may give the traditional advisory practices a run for their money. Prove that collaboration doesn’t have to happen in a conference room?
The Hackett Group’s Digital World Class human resources research is based on an analysis of results from recent benchmarks, performance studies, and advisory and transformation engagements at hundreds of global companies. Now, they can more effectively focus on attracting, retaining, developing and engaging employees.”
Finance Looks to Technology to Mitigate Productivity and Efficiency Gaps MIAMI & LONDON, March 14, 2023 – Corporate finance leaders expect to remain focused on digital transformation in 2023 to address recession, inflation, geopolitical turmoil and talent shortages, according to the 2023 CFO Agenda research from The Hackett Group , Inc.
In addition, HR leaders face increasing productivity and efficiency gaps, with workload expected to increase by 10.5% projected increase, which will make it more challenging for HR to rely on technology to close efficiency gaps. and only minimal increases in staffing and budgets, the research found.
Procurement leaders are also actively evaluating how generative AI (Gen AI) can help them improve both efficiency and effectiveness in a range of functional areas. Procurement is once again anticipating an efficiency gap in 2024 as workload is expected to increase by 8% in 2024, while budgets are expected to rise by only 1.6%.
Ai XPLR is not just a tool for improving efficiency – it’s a catalyst for reinventing how we do business. Through strategic investments in AI technologies and partnerships, we aim to unlock new possibilities that will not only benefit our clients but also shape a smarter, more efficient future.”
The 2024 Digital Award winners and their win categories are: 3M (Order-to-Cash), MTN Group (Source-to-Purchase), IBM (Plan-to-Results), CMA CGM (Market-to-Opportunity), Johnson & Johnson (J&J) (GlobalBusinessServices – Service Desk), Intermountain Health (Talent Acquisition), WNS (Talent Management), and Micron Technology, Inc.
While the projected productivity and efficiency gaps have shrunk somewhat since last year – down from 9% and 10% respectively to 6% – they are still significant. NASDAQ: HCKT) is a leading benchmarking , research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class ® performance.
In today’s fast-evolving business landscape, the integration of Environmental, Social, and Governance (ESG) principles into corporate strategies is not just a trend but a fundamental shift in how businesses operate and thrive. The business benefits of Impact Sourcing extend far beyond the realm of social responsibility.
According to Vin Kumar, Managing Partner and Digital Operations Advisory Practice Leader at The Hackett Group, “Overall, three strong themes this year have been comprehensive automation of end-to-end processes, acceleration of digital transformation, and a greater focus on business enablement.
HR leaders also see generative AI (Gen AI) and other technologies as key to improving efficiency and effectiveness. The research found that both HR operating budgets and staff are expected to drop slightly in 2024, creating significant efficiency and productivity gaps. NASDAQ: HCKT). About The Hackett Group The Hackett Group, Inc.
NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today released findings from its 2025 Key Issues Study, revealing that globalbusinessservices (GBS) organizations are rapidly advancing their AI adoption. Download the full 2025 GBS Agenda report here.
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. About The Hackett Group The Hackett Group, Inc.
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