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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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IBM Connected Trade Platform helps power the digitization of trade and supply chain financing

IBM Services

Today, we are seeing significant digital disruption in the business of trade and supply chain financing that is largely influenced by global events and geopolitics, changing regulations, compliance and control requirements, advancements in technology and innovation, and access to capital.

Finance 87
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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). This can save money on transaction processing, leading to lower operating costs. Blockchain allows banks to automate their back-office operations and reduce manual errors, which can result in significant savings for businesses.

Banking 246
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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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Dreamforce Takeaways for Financial Services: Finance Top 5

Perficient Digital Transformation

One of the key themes of this year’s conference was the future of finance. Salesforce CEO Marc Benioff and others talked about how AI is transforming the finance function and how Salesforce is helping finance leaders achieve their strategic priorities. Collaboration tools.

Finance 64
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Finance and the Frictionless Enterprise

Capgemini

I’d like to talk about the AI-enabled solutions that make up our Frictionless Finance offer. To stay ahead of the competition in O2C, organizations need to eliminate friction from their processes, reduce cost and lost sales, and improve speed to market. Lee Beardmore: Welcome Divya, Maha, Robert. Divya Turner: Yes, absolutely.

Finance 52
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Leveraging Strategic Partnerships to Unlock the Potential of Gen AI in Customer Experience Management | Blog

Everest Group

Learn insights from our latest survey on enterprise readiness for gen AI adoption and how collaborating with providers can help overcome the major obstacles. These tools enhance productivity, reduce response times, and enable agents to focus on more complex and value-added tasks.