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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 to Reduce Software Development Costs: Proven Strategies for Cost Optimization

Groove Technology

Outsourcing has emerged as an effective solution, helping businesses save significantly on costs through access to cheap human resources, reducing operating costs and increasing work efficiency. According to a study by Deloitte, companies can save up to 60% of operating costs through outsourcing.

Software 130
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Revolutionizing Risk: Exploring Actuarial Outsourcing in Insurance | Blog

Everest Group

Outsourcing is a growing trend in the insurance industry to transform the actuarial function by reducing costs, creating innovation, increasing efficiencies, and filling the talent demand. Cost optimization: Actuarial outsourcing optimizes costs by using offshore resources and the specialized expertise of external partners.

Insurance 162
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The Future of Blockchain in Banking and Financial Services and FinTechs | Blog

Everest Group

The banking industry is redefining itself through emerging technology that is improving products, customer services, and operational efficiencies. This can save money on transaction processing, leading to lower operating costs. Legacy banks and nations are now following the wave.

Banking 246
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How to know if your company needs a call center 

Redial

Customer support representatives can handle a multitude of inquiries efficiently, providing prompt and personalized assistance. Maintaining an in-house team solely dedicated to customer support can be expensive, especially when you consider hiring, training, and infrastructure costs. A call center provides a cost-efficient alternative.

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The NetSuite Advantage: Building a Resilient Supply Chain

Amzur

Supply chains are intricate networks that connect businesses to their customers, ensuring products and services reach their destinations efficiently and on time. According to a recent report by McKinsey, supply chain disruptions cost the average company 45% of one year’s profits over a decade. Use Cases 1.

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5 Tips for Effectively Managing an Outsourcing Software Development

Groove Technology

With perks like reduced costs, easier access to talent, and potentially faster time to plug, it’s no surprise that outsourcing is gaining traction. Cost reduction. Outsourcing Software Development Will Help You Lower The Cost. Outsourcing eliminates a large part of the risk, thus reducing the risk for your company.

Software 246