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

Everest Group

Blockchain also is being used through Decentralized Finance (DeFi) and Decentralized Apps (DApps). McKinsey estimates blockchain is expected to save around US$4 billion in cross-border payments and US$1 billion in retail bank operating costs and reduce regulatory fines by US$2-$3 billion and annual losses from fraud by US$7-$9 billion.

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How Profitability Ratio Analysis Can Help Your Business

Planergy Software

Net profit margin, also known as net margin, calculates company profitability after the cost of goods sold, operating expenses, and interest and tax expenses have been deducted. For example, if your gross margin is good, but net profit is suffering, take a look at your overhead and associated operating costs.

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Understanding the Global Marketplace: Benefits, Risks & Expansion Strategies

Velocity Global

Organizations can adapt new technologies and equipment processes for competitive innovation and cost-cutting strategies domestically and abroad. Reduce Costs of Doing Business The global marketplace offers cost savings relative to a company’s domestic market.

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History of BPO: Past, Present and The Future

Offshore India Data Entry

This diversification has enabled companies to streamline operations, reduce costs, and improve efficiency. This growth is driven by the increasing demand for outsourcing business processes, as companies seek to improve efficiency, reduce costs, and enhance customer experience.

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Business process reengineering (BPR) examples

IBM Services

Benefits: Improved efficiency Reduced cost Enhanced transparency Customer relationship management (CRM) BPR is a pivotal strategy for organizations that want to overhaul their customer relationship management (CRM) processes. By stepping back, strategists can analyze areas like supply chain, customer experience and finance operations.

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What Is An E-Procurement Software and 5 Benefits Of Using One For Your Business

Obobo

The article outlines many benefits of using eprocurement systems, such as greater visibility across the whole procurement process for all brands, more efficient and transparent operations, cost savings and much more! This leads to faster turnaround times and reduced costs. What is an E-procurement system?