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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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Hire a Dedicated Software Development Team for Accelerated Success

Groove Technology

At Groove Technology, we offer comprehensive dedicated software development services designed to meet diverse client needsfrom initial consultation to seamless integration. Reduced Operational Costs: Utilizing dedicated teams can lower operational expenses by approximately 30% compared to maintaining in-house development teams.

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One of the Best Strategic Business Decisions: Outsourcing

Premier BPO

Client: Managed Service Provider (MSP) The Challenge The client attempted to set up an internal IT and network support structure, but struggled due to high operational costs and limited scalability. A dedicated Service Desk Coordinator (SDC) and QA Analyst were appointed to monitor performance and meet all targets.

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What is business transformation?

McKinsey & Company

Business transformations are designed to boost overall performance through increased revenue, lower operating costs, and better customer satisfaction and workforce productivity.

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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. For successful implementation, modern contact centers can leverage tech-enabled outsourcing, which helps ensure that the implementation is designed with the end user in mind to ensure maximum adoption success.

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When The Dedicated Development Team Model is Worth Considered

Groove Technology

This model allows you to save up to 60% on operating costs. UI/UX designers create simple, responsive and interactive user interfaces. DevOps engineers coordinate the development, operations, and testing. Without agility, the design, building, and testing of an application would take months, if not years.

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Offshore Software Development Services

Groove Technology

Competition is at an all-time high, operating costs are rising, and talent is increasingly scarce. In software engineering, offshore software development involves performing the software development process in a country with lower production costs, thereby reducing budget expenditure. solutions). solutions). Angular Engineers.