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Hackett Research: Inflation, Geopolitical Unrest, Other Factors Drive Up Operational Costs of Finance for the First Time in Decades

The Hackett Group

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).

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One of the Best Strategic Business Decisions: Outsourcing

Premier BPO

To underscore how an external partner well versed in Tech-related expertise can improve operational efficiency, resulting in significant cost savings, improved scalability, and exceptional customer service, we will demonstrate Premier BPO’s collaborative approach and customized solutions to help the client transform their Help Desk Services.

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Key Software Development Outsourcing Statistics and Trends for 2024

Groove Technology

By 2027, it’s expected to grow at a compound annual growth rate (CAGR) of 5%, with a significant portion of this growth driven by software development outsourcing as companies seek specialized technical skills and cost-effective solutions. platform independence, automation, and enhanced security.

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Hackett: Procurement Operating Costs Increase For the First Time in a Decade

The Hackett Group

Despite increases in year-on-year operating costs, Digital World Class procurement organizations excel at cost optimization compared to typical organizations, The Hackett Group ® found. They now operate at 21% lower cost than their peers and have 32% fewer staff. Digital World Class Procurement Orgs Drive 2.4X

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Hire a Dedicated Software Development Team for Accelerated Success

Groove Technology

Let's delve into the significant advantages of collaborating with dedicated software development teams: Cost-Effective Solution Utilizing a dedicated software development team significantly reduces operational costs while enhancing project efficiency. Cloud Infrastructure For cloud services, we utilize AWS and Microsoft Azure.

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Overcoming Gen AI Challenges: The Power of Tech-Enabled Outsourcing

Premier BPO

Gen AI can improve agent efficiency and effectiveness, reduce operational costs, and improve customer experiences. One of the core components of digital transformation has been implementing Generative AI (Gen AI) in modern contact centers.

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Resilience and Stability in the Workers’ Compensation Industry – This is the Right Time for Claims Transformation to Secure Future Growth | Blog

Everest Group

By using automation, analytics, and digitalization, players can differentiate themselves. Carriers who focus on digital solutions and leverage data through automation and analytics will successfully pivot for the future. 2 – Advancement in analytics. Traditional claims versus digital claims. Exhibit 1: Everest Group.

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