Remove Automation Remove Finance Remove Operational Costs
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5 Best Areas for Automation in Finance

Automation Anywhere

Regardless of the industry, company size, or geography, every organization’s finance processes have a lot in common. Every company is responsible for ensuring the integrity of the financial reports, managing cash flow, and performing other basic finance functions to remain in business.

Finance 145
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How to keep your operations costs low 

Redial

Business process outsourcing (BPO) is a cost-effective solution for many companies that want to reduce operational costs. Providing a wide range of services that can be outsourced, such as customer service, finance, marketing, accounting, human resources, and many more. This can reduce labor costs and improve efficiency.

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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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How Digital Transformation Is Ushering In A New Era For Banking & Finance?

31 West

With some embracing the idea of outsourced IT help desk Services to third parties, it comes as no surprise that the banking and finance sector embrace the digital transformation. On that note, here’s a full rundown of the impact of digital transformation on the banking and finance industry. What is Digital Transformation?

Banking 130
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Top 5 Automation Use Cases for the Front Office

Automation Anywhere

The front office operates autonomously but relies on the back office for support in the form of secretarial, accounting, human resources, and internet technology functions. Why front-office automation? Speed and accuracy are vital for all these and other operations to service customers, but many of them are still handled manually.

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The Future of Blockchain in Banking and Financial Services and FinTechs | Blog

Everest Group

Blockchain also is being used through Decentralized Finance (DeFi) and Decentralized Apps (DApps). McKinsey estimates blockchain is expected to save around US$4 billion in cross-border payments and US$1 billion in retail bank operating costs and reduce regulatory fines by US$2-$3 billion and annual losses from fraud by US$7-$9 billion.

Banking 246
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Key Software Development Outsourcing Statistics and Trends for 2024

Groove Technology

platform independence, automation, and enhanced security. This demand is driven by applications in data analytics, predictive modeling, and automation, which are essential services outsourcing trends in the software applications domain.

Software 100