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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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6 Ways to Improve Process Efficiency With Automation

Frevvo

Achieving process efficiency helps your company meet these challenges. So how can you make your processes more efficient? In this article, we’ll look at what process efficiency is and how using frevvo’s business process automation software can help improve your operations. What Is Process Efficiency?

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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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10 reasons to outsource your call center operations to Mexico

Redial

Easily, we can say that it is mainly the operating costs, the U.S. All these factors can help companies consider outsourcing some or all their day-to-day operations. 1 Cost reduction: Salaries compared to the U.S. Redial BPO is ready to be your partner and make your day-to-day operations. is too expensive.

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Outsourcing Can Transform Your Finances

Redial

Here are some key advantages: Cost Savings: Labor Costs: Outsourcing to countries with lower labor costs can significantly reduce expenses related to wages, benefits, and payroll taxes. Operational Costs: Lower costs for office space, utilities, and equipment in outsourced locations can further reduce expenses.

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5 Best Areas for Automation in Finance

Automation Anywhere

The primary objectives underlying all finance processes are efficiency, accuracy, timeliness, and regulatory compliance. Robotic Process Automation (RPA) has been driving greater efficiency, accuracy, and compliance in finance departments for several years. All of them involve repetitive daily procedures that are primed for automation.

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How Outsourcing Accounts Payable Boosts Financial Efficiency?

Magellan Solutions

With this, hiring an in-house staff and allocating office space and technology infrastructure is unnecessary, leading to decreased operational costs. The first step toward efficiency starts here – let’s talk about how we can help your business save time and money.