Everest Group

OCTOBER 10, 2023

Procurement Outsourcing (PO) – Services Procurement Outsourcing (PO) providers are seen as strategic partners by organizations and are playing a critical role in helping them navigate the challenges posed by macroeconomic uncertainties and inflationary pressures by driving cost reduction and enhancing efficiencies.

Outsourcing 189

Outsourcing Service Sourcing Payroll 189

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. When outsourcing, companies need to select a reliable outsourcing partner with proven quality standards to minimize risks.

Software 100

Software Outsourcing Right-Sizing Flexibility 100

The Hackett Group

SEPTEMBER 10, 2024

Potential 63% Improvement in Procurement Operational Efficiency Revealed Miami, FL – September 10, 2024 – The Hackett Group, Inc. Optimizing and aligning CLM with processes like sourcing and risk management is critical to the successful operation of businesses of all sizes.

Software 116

Software Management Advisory Risk Management 116

Everest Group

AUGUST 9, 2024

Guidewire’s latest release, Kufri, showcases the company’s dedication to innovation, efficiency, and global reach in the insurance technology space. This release emphasizes process efficiency, accelerated time to market, and enhanced data analytics capabilities, all while expanding Guidewire’s reach beyond North America.

Insurance 162

Insurance Marketing Analytics Efficiency 162

Everest Group

OCTOBER 4, 2024

Beyond trading, agentic AI could enhance risk management by autonomously identifying potential market disruptions or regulatory changes and adjusting exposure accordingly. Agentic AI is a transformative force driving exponential growth for banks by revolutionizing customer engagement, decision-making, and operational efficiency.

Banking 130

Banking Out-Tasking Service Automation 130

Everest Group

AUGUST 14, 2024

Data analytics, artificial intelligence (AI), and machine learning are enhancing deal sourcing, portfolio management, and risk assessment. Digital transformation is enabling PE firms to improve operational efficiency, enhance decision-making, and drive value creation.

Collaborations 162

Collaborations Advisory Regulations Government 162

Perficient Digital Transformation

AUGUST 4, 2024

Cost Efficiency Financial organizations can reduce IT overhead costs by integrating existing systems and leveraging cloud-based services. By automating repetitive tasks and processes, financial organizations can increase efficiency, reduce errors, and allow employees to focus on more strategic activities that add value to the business.

Service 110

Service Banking Risk Management Risk Management 110

Groove Technology

MAY 7, 2024

This adaptability, combined with cost-efficiency, makes India a compelling choice for IT outsourcing. This cultural compatibility facilitates smoother communication and collaboration, enhancing the overall efficiency of outsourcing partnerships.

IT Outsourcing 130

IT Outsourcing Outsourcing Cybersecurity Government 130

Everest Group

MARCH 19, 2024

Adequate resources are crucial to ensure scalability, allowing Gen AI systems to manage increasing workloads efficiently. These can play a pivotal role in easing the efficient deployment, orchestration, and monitoring of AI models.

Government 147

Government Advisory Risk Management Risk Management 147

Everest Group

FEBRUARY 26, 2024

Traditionally, acquisitions were an opportunity to enter new product lines and geographies, gain new capabilities, and achieve cost savings and operational efficiencies through technology modernization and streamlining processes and systems. We are closely watching the market and regulatory actions.

Banking 147

Banking Risk Management Risk Management Marketing 147

Everest Group

AUGUST 25, 2023

Our survey of procurement professionals found the technology holds great potential to transform spend analytics and cost optimization while increasing efficiency and saving time. Almost all the procurement professionals surveyed stated that increased efficiency of procurement processes is seen as the major benefit of using GAI in procurement.

Analytics 130

Analytics Sourcing Out-Tasking Efficiency 130

Everest Group

NOVEMBER 28, 2023

Increasing demand for specialized products, the need to underwrite newer business lines, and a push for efficiency are driving insurers to build relationships with MGAs – all suggesting the upcoming years could be a golden era for MGAs. Simultaneously, they are seeking to enhance operational efficiencies and carve out a larger market share.

Insurance 147

Insurance Service Co-Sourcing Analytics 147

Everest Group

JULY 7, 2023

By integrating ESG considerations into their risk management, product design, internal operations, long-term strategies, and workforce management, many insurance firms have already started their journey toward becoming purpose-driven organizations and have begun to integrate sustainability with their core businesses.

Insurance 130

Insurance Government Analytics Risk Management 130

Everest Group

SEPTEMBER 14, 2023

In the last decade, cloud has risen to immense importance across all geographies and verticals, offering enterprises numerous benefits such as scalability, agility, and cost efficiency. As a result, it has become the bedrock of any digital business, leading more enterprises to increasingly migrate to the cloud.

Government 162

Government Finance Risk Management Risk Management 162

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. Enterprises: Large corporations seeking to streamline costs can utilize outsourcing to improve efficiency and reduce operational expenses.

Software 130

Software Reduced Costs Outsourcing Infrastructure Costs 130

Amzur

SEPTEMBER 10, 2024

In today’s rapidly evolving business landscape, CIOs and CTOs face significant challenges in meeting the demands for innovation, efficiency, and exceptional customer experience. It’s crucial to understand how and where to implement AI tools across the organization to drive productivity and success while managing costs effectively.

Robotics Process Automation 104

Robotics Process Automation Cybersecurity Analytics Government 104

Amzur

JULY 18, 2024

Risk Management Objective: Identify potential risks and develop mitigation strategies. Action Steps: Conduct a risk assessment to identify potential challenges and vulnerabilities. Develop a risk management plan, including rapid vulnerability detection, data encryption, backup solutions, and disaster recovery protocols.

Risk Management 111

Risk Management Risk Management Cost Control Flexibility 111

Everest Group

JULY 6, 2023

Data silos across the value chain The fragmented nature of the application landscape also creates data silos that pose significant challenges within the retail supply chain, hindering efficiency and inhibiting strategic decision-making.

Retail 130

Retail Supply Chain Management Inventory Management E-Commerce 130

31 West

NOVEMBER 25, 2023

Effective ITSM can ensure that IT resources are utilized efficiently, support services are responsive and user-friendly, and technological advancements are seamlessly integrated into the educational framework. Service Transition: Ensuring that changes to services are managed in a controlled manner.

Management 130

Management Service Administrative Research 130

Premier BPO

NOVEMBER 6, 2024

Sometimes, internal pressure to innovate and speed up time to market can result in initially efficient shortcuts thatmay later reveal hidden flaws. The experience gained from a recall also equips companies with valuable insights to refine their risk management and compliance processes.

Outsourcing 130

Outsourcing Pharmaceuticals Customer Support Manufacturing 130

Everest Group

APRIL 3, 2024

Conduct an internal risk assessment: This can help identify and prioritize assets most impacted by a quantum computer cryptographically, thus exposing the organization to greater risk. How can service providers help enterprises navigate the PQC era effectively and efficiently?

Cybersecurity 182

Cybersecurity Research Banking Collaborations 182

Amzur

AUGUST 1, 2024

Example: Dropbox is a renowned cloud storage services provider that successfully transitioned from using its own data centers to AWS , which allowed it to scale rapidly and efficiently handle increasing storage demands. Frees up IT team to focus on strategic initiatives; cloud provider manages the resources.

Management 104

Management Software Flexibility Right-Sizing 104

Offshore India Data Entry

FEBRUARY 19, 2024

BPO focuses on delegating specific back-office tasks, like payroll processing or customer service, with the goals of reducing costs and improving efficiencies. Objective and Focus Business Process Outsourcing (BPO) and Business Process Management (BPM) are distinct strategies with divergent objectives and focus.

BPO 111

BPO Outsourcing Business Process Outsourcing External Service Provider 111

inDinero

AUGUST 21, 2024

This involves managing job costing, revenue recognition, and project-based accounting. Cash Flow Management: Implement strategies to optimize cash flow, considering construction projects’ unique payment cycles and capital requirements.

Regulations 105

Regulations Finance Accounting Jobbing 105

Offshore India Data Entry

MAY 21, 2024

AI is being leveraged to automate repetitive tasks, enhance customer service, and provide valuable insights through data analytics.This is having a profound impact on the operational efficiency of BPO companies. Companies started outsourcing business tasks to BPO services providers to save costs and increase efficiency.

BPO 105

BPO Offshoring Data Entry Business Process Outsourcing 105

Groove Technology

SEPTEMBER 26, 2024

This is especially true for companies balancing operational efficiency with digital transformation. This cost-efficiency can significantly reduce operational and development costs in several ways: Lower labor costs: Outsourcing allows companies to take advantage of lower labor rates in regions with decreased living costs.

Software 130

Software Outsourcing E-Commerce Reduced Overhead 130

Everest Group

NOVEMBER 15, 2023

We also observed the scope is expanding into adjacent and/or non-traditional areas such as risk management and compliance and environmental, social, and governance (ESG). While most of these contracts remain operational with transactional/tactical processes, outsourcing complex and upstream work has increased.

Outsourcing 147

Outsourcing Government Banking Service 147

Premier BPO

NOVEMBER 22, 2024

Cost-Effective Recall Management Solutions Managing recalls in-house can lead to unexpected expenses, from resource diversion to compliance penalties. Proactive risk management strategies also prevent potential liabilities and make companies more secure in their quality control for the future.

Outsourcing 100

Outsourcing Management Co-Sourcing Regulations 100

inDinero

SEPTEMBER 21, 2024

Utilizing accounting software can further aid in this process, automating tasks, reducing errors, and improving overall efficiency in financial reporting. These reviews enhance transparency and accountability, offering stakeholders clear insights into your nonprofit’s financial health and operational efficiency.

Management 104

Management Accounting Collaborations Finance 104

IBM Services

FEBRUARY 13, 2024

Experienced developers are leaning on generative AI to advance complex coding tasks more efficiently. Fraud detection and risk management : Generative AI can quickly scan and summarize large amounts of data to identify patterns or anomalies. Code generation : Software developers and programmers use generative AI to write code.

Out-Tasking 122

Out-Tasking Design Automation Sales 122

Perficient Digital Transformation

DECEMBER 13, 2024

At Perficient, I’m a project manager and team leader. I manage large technology projects, often helping clients move to new systems that make their business more efficient. In 2022, I partnered with our Delivery Excellence group to develop and roll out the risk management and escalation frameworks company wide.

Out-Tasking 98

Out-Tasking Collaborations Engineering Design 98

Groove Technology

SEPTEMBER 26, 2024

Specializing in custom Java development, the company leverages cutting-edge technologies to deliver scalable and efficient solutions. It's crucial to consider not just hourly rates but the total cost of ownership, including management overhead and potential efficiency gains.

Outsourcing 100

Outsourcing Right-Sizing E-Commerce Collaborations 100