The Hackett Group

JULY 13, 2023

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).

Operational Costs 97

Operational Costs Finance Research Advisory 97

Everest Group

MARCH 7, 2025

In our previous blogs, we have explored the stakeholder ecosystem for gen AIs sustainability technology providers, service providers, and enterprises and why Diversity, Equity, Inclusion, and Belonging (DEIB) must remain central to its development. Even where emissions are tracked, regional energy disparities complicate regulation.

Regulations 130

Regulations Co-Sourcing Manufacturing Government 130

Everest Group

SEPTEMBER 14, 2023

South Africa has emerged as a stand-out destination for customer experience (CX) services. Offering a talented workforce, cost-effectiveness, and infrastructure, the nation is attracting the attention of both providers and customers alike. Now is the time to capitalize on this alluring market in this rising continent.

Service 173

Service Impact Sourcing Contact Center Outsourcing Government 173

Offshore India Data Entry

APRIL 12, 2024

Leveraging ecommerce product data entry services can empower your business by enhancing operational efficiency, improving data accuracy, and freeing up your valuable time to focus on strategic growth efforts. It’s not just about offloading work; it’s about enhancing efficiency, accuracy, and ultimately, the bottom line.

Data Entry 115

Data Entry Outsourcing Service Streamline Operations 115

Everest Group

AUGUST 24, 2022

Top Financial Crime and Compliance (FCC) Operations Service Providers Financial Crime and Compliance (FCC) operations continue to grow within the Banking and Financial Services (BFS) industry.

Banking 130

Banking Insurance Service Advisory 130

Frevvo

NOVEMBER 30, 2021

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?

Efficiency 98

Efficiency Automation Data Entry Out-Tasking 98

31 West

JULY 22, 2024

In the ever-evolving landscape of e-commerce, providing exceptional customer service is not just a nicety but a necessity. Businesses are constantly searching for ways to enhance the customer experience, streamline operations, and build lasting relationships with their clientele.

E-Commerce 130

E-Commerce Customer Service Service Automation 130

The Hackett Group

JULY 20, 2023

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

Operational Costs 75

Operational Costs Advisory Research Government 75

Redial

JANUARY 4, 2022

Easily, we can say that it is mainly the operating costs, the U.S. Therefore, an increasing number of American businesses choose to outsource their telemarketing services and other BPO to nearshore call centers. All these factors can help companies consider outsourcing some or all their day-to-day operations.

Call Center 246

Call Center Outsourcing Nearshoring BPO 246

31 West

AUGUST 23, 2022

MSP, or managed service provider, is a computing platform where organizations can remotely meet the IT requirements of the users. It also offers multiple means of contact, such as service portals, email addresses, and phone numbers. It specializes in providing support that allows you to operate your business smoothly.

Managed Services 130

Managed Services Management Service Right-Sizing 130

Premier BPO

AUGUST 16, 2024

The Modern Contact Center: A Complex Landscape Modern contact centers have evolved into strategic business functions that face pressures like increasing call volumes, persistent talent shortages, and the need to optimize service quality and cost efficiency.

Outsourcing 237

Outsourcing BPO Co-Sourcing Labor Costs 237

Redial

APRIL 16, 2021

Still, customer service outsourcing is a healthy way to achieve this. Growing your in-house customer service call center can be challenging, expenses can drive you to reconsider how you are handling customer experience and expectations, with numbers rapidly turning to red when assigning more resources to address the growing volume.

Customer Service 130

Customer Service Outsourcing Service Call Center 130

Redial

APRIL 16, 2021

Still, customer service outsourcing is a healthy way to achieve this. Growing your in-house customer service call center can be challenging, expenses can drive you to reconsider how you are handling customer experience and expectations, with numbers rapidly turning to red when assigning more resources to address the growing volume.

Customer Service 130

Customer Service Outsourcing Service Call Center 130

Everest Group

MAY 21, 2024

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. Explore the factors driving insurers to partner with specialized service providers and the advantages and obstacles of actuarial outsourcing.

Insurance 162

Insurance Outsourcing Flexibility Risk Management 162

31 West

FEBRUARY 21, 2022

One of the solutions to these problems is outsourcing your help desk services. Here are 6 advantages of outsourcing your help desk services. 1) Reduced Costs and Increase in Savings. The primary benefit of having an outsourced helpdesk is a reduction in operational costs. 2) Improved Response Time.

Outsourcing 130

Outsourcing Service Streamline Operations Reduced Costs 130

Redial

JULY 10, 2024

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.

Finance 130

Finance Outsourcing Labor Costs Payroll 130

Redial

JULY 10, 2024

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.

Finance 130

Finance Outsourcing Labor Costs Payroll 130

Groove Technology

AUGUST 15, 2024

development outsourcing services. Groove Technology offers tailored solutions to enhance your application's scalability, performance, and efficiency. By partnering with us, you can access global talent, reduce costs, and ensure your project is handled with the highest level of expertise and care. Development? Custom Node.js

Outsourcing 100

Outsourcing Service Flexibility Collaborations 100

Everest Group

OCTOBER 7, 2023

Property and Casualty (P&C) Insurance BPS Enterprises have been increasingly turning to P&C insurance BPS providers during the recession to address elevated operating costs resulting from heightened inflation, which has led to increased claims expenses and rate adjustments for various P&C products.

Insurance 162

Insurance Human Resources Payroll Outsourcing 162

Everest Group

MARCH 8, 2024

With the emergence of generative AI / Large Language Models (LLMs), enterprises worldwide are swiftly adopting AI to unlock new revenue streams, reduce operating costs, enhance user experiences, and gain significant industry differentiation. LEARN MORE ABOUT Top Service Providers

Manufacturing 162

Manufacturing Banking Operational Costs Regulations 162

Everest Group

AUGUST 14, 2024

Herein, we delve into the current state of the private equity market, identify the strategic priorities reshaping PE firms’ approaches, and explore the transformative role of technology and service providers in this sector. The last 18 months presented a significant period of recalibration for the private equity market.

Collaborations 162

Collaborations Advisory Regulations Marketing 162

Everest Group

MARCH 23, 2022

2021 was a milestone year for Global Business Services (GBS) with most enterprises reporting the model exceeded expectations for global business services solutions and delivery. GBS leaders will need to rethink how best to control operating costs. We expect an average wage increase of 8.1%

Global Business Services 130

Global Business Services Service Impact Sourcing Sourcing 130

31 West

SEPTEMBER 14, 2022

Based on the current situation, it’s not hard to assume that the demand for outsourced IT services will keep increasing. The market for managed services has grown worldwide over the last few years. In the next few years, advanced technologies like cloud computing and big data will drive the future success of managed services.

IT Outsourcing 130

IT Outsourcing Outsourcing Managed Services Operational Costs 130

Groove Technology

OCTOBER 14, 2021

With perks like reduced costs, easier access to talent, and potentially faster time to plug, it’s no surprise that outsourcing is gaining traction. A number of the extra benefits of outsourced projects are that it allows specializing in the core business, resolving capacity issues, and improving the service quality.

Software 246

Software Outsourcing Management Out-Tasking 246

Everest Group

SEPTEMBER 30, 2024

From an industry vertical perspective as well, we are seeing growth across most major segments including financial services, telecom, media & technology, retail and consumer goods, etc. Reach out to us to discuss this topic further with our expert analysts.

Supply Chain Management 147

Supply Chain Management Collaborations Advisory Nearshoring 147

Everest Group

OCTOBER 17, 2023

With slowed IT industry growth, service providers can drive momentum with asset-based business models that center on delivering services built on digital products and platforms or monetizing the platforms and assets themselves. Service provider leaders are grappling to help the IT industry find new avenues of growth.

Streamline Operations 162

Streamline Operations Reduced Costs Insurance Banking 162

Everest Group

JULY 3, 2024

Read on to discover how supply chain orchestration helps enable operational efficiency, resilience, and adaptability to thrive amid continuous changes and pressures. Effective supply chain management is no longer only about operational efficiencies, it is also about the ability to anticipate, adapt, and thrive amidst disruptions.

Supply Chain Management 162

Supply Chain Management Inventory Management Sales Order Management 162

Groove Technology

NOVEMBER 15, 2024

Long-Term Cost Efficiency For companies planning extensive, ongoing development, investing in an in-house team may reduce the overall costs associated with recurring outsourcing fees. Potential Quality Variability The quality of outsourced work can vary depending on the service provider.

Software 100

Software Outsourcing Right-Sizing Flexibility 100

Mattsen Kumar

OCTOBER 12, 2023

As organizations grow, outsourcing customer service has become necessary to ensure customer satisfaction. The expansion of organizations brings forth new challenges that require the expertise of a skilled customer service team to provide optimal solutions.

Customer Service 84

Customer Service Outsourcing Robotics Process Automation Service 84

Redial

MAY 17, 2023

Because of all the competition within markets, companies are constantly striving to meet customer expectations and deliver exceptional service. If you find yourself grappling with increasing customer queries, growing costs, or the need for streamlined processes, it may be an opportune moment to consider implementing a call center.

Call Center 130

Call Center Reduced Costs Infrastructure Costs Customer Support 130

31 West

OCTOBER 21, 2022

For example, an automated ticket assignment feature allows you to assign service request tickets to the relevant agents automatically. Moreover, it offers a self-service feature delivering a prompt solution to the users. Generally, large businesses having more than 1,000 employees opt for an enterprise help desk or service desk.

Collaborations 130

Collaborations Operational Costs Automation Customer Service 130

31 West

DECEMBER 6, 2022

Although traditional practices are still in use, they can’t automate IT operations. To streamline routine business operations and reduce manual workload, companies are turning to IT help desk companies to handle their technical issues efficiently. Security Operations. Improved Customer Service.

Software 130

Software Customer Service Automation Human Resources 130

Amzur

OCTOBER 10, 2024

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.

Supply Chain Management 59

Supply Chain Management Inventory Management Collaborations Advisory 59

Perficient Digital Transformation

JANUARY 19, 2024

Built on a modern architecture, the solution wraps Docker containers around order management business services. 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.

Order Management 118

Order Management Retail Software Operational Costs 118

Redial

APRIL 17, 2024

Its strategic location, skilled workforce, cost-effective solutions. From alternative legal services to finance & accounting, human resource outsourcing, and procurement, South Africa maintains a competitive advantage , providing access to the dynamic African market and beyond. This is a destination largely productive for U.S.

Banking 130

Banking Human Resources Outsourcing Legal Services 130

Redial

APRIL 17, 2024

Its strategic location, skilled workforce, cost-effective solutions. From alternative legal services to finance & accounting, human resource outsourcing, and procurement, South Africa maintains a competitive advantage , providing access to the dynamic African market and beyond. This is a destination largely productive for U.S.

Business Process Outsourcing 130

Business Process Outsourcing Banking Human Resources Outsourcing 130

Groove Technology

OCTOBER 1, 2024

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

Software Reduced Costs Outsourcing Infrastructure Costs 130