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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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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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History of BPO: Past, Present and The Future

Offshore India Data Entry

These early adopters recognized the benefits of outsourcing, including cost savings, improved efficiency, and access to skilled labor. This diversification has enabled companies to streamline operations, reduce costs, and improve efficiency. The global BPO market is projected to reach $435.8 from 2020 to 2028.

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Deep Dive into IBM Sterling Certified Containers and Cloud Solutions

Perficient Digital Transformation

While offering flexibility, it comes with potential downsides such as slower time to market, increased operational costs, and higher risk due to the intricacies of self-managing containerized environments. Efficient Scaling and Deployment Management: Auto-scaling with standardized deployment across all environments.

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Why South Africa? Reasons for your business success.

Redial

South Africa presents significant opportunities within the global outsourcing landscape. Its strategic location, skilled workforce, cost-effective solutions. This is a destination largely productive for U.S. investment and a dynamic business community, highly market-oriented and a driver for economic growth.

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Why South Africa?

Redial

April 17, 2024 / in Business Process Outsourcing / by Deidad Juarez South Africa presents significant opportunities within the global outsourcing landscape. Its strategic location, skilled workforce, cost-effective solutions. Why South Africa? This is a destination largely productive for U.S.

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How IT Outsourcing Can Grow Your Business?

31 West

It will inform you about the need for outsourced IT services to increase the efficiency of your business. The modern business process involves technology to improve operational efficiency and maximize revenue. These services reduce the pressure on your internal IT team and let them focus on day-to-day tasks with more efficiency.