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Hackett: Digital Transformation is a Leading Priority for Finance in 2023, As Companies Respond to the Global Economic Downturn

The Hackett Group

Finance leaders understand that they must invest in technology to reduce costs and create new capabilities through aggressive adoption of cloud, robotic process automation, analytics, and other tools,” said The Hackett Group Senior Research Director Shawn Fitzgerald. About The Hackett Group The Hackett Group, Inc.

Finance 97
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Hackett: Finance Leaders See Cost Containment and Cash Flow Optimization as Top Priorities for 2024

The Hackett Group

Overall, finance leaders continue to focus on digital transformation, using technology investments to reduce costs and create new capabilities. The good news is that the path to reducing costs is clear. Finance organizations would be wise to explore generative AI as part of this, as it holds huge promise.

Finance 59
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The Hackett Group Announces 2021 Digital Award Winners

The Hackett Group

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.

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Long-Term Tech Investments Position Top Finance Organizations to Extract Maximum Value From AI, Extending Market Advantage

The Hackett Group

As a result, management expresses 24% greater confidence in their work, and they are 44% more likely to be considered a valued business partner. 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.

Finance 59