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Long-Term Investment in Procurement Technology Lays the Foundation for Gen AI Adoption

The Hackett Group

(NASDAQ: HCKT), Digital World Class ® procurement organizations can expect staff productivity to increase by 54% and process costs to be cut by 47% with the adoption of generative artificial intelligence (Gen AI). For more information on The Hackett Group, visit [link] or email media@thehackettgroup.com. times greater in 2019.

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Your Guide to Business Process Automation (BPA)

Metasource

Many organizations have quickly joined the automation revolution to boost productivity, enhance customer service, reduce costs, and enable remote work. In fact, a McKinsey study found that 80% of companies that transitioned most of their employees to a remote work model due to COVID-19 increased automation.

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Top 5 Automation Use Cases for the Front Office

Automation Anywhere

The front office represents the customer-facing roles of a company — sales, customer service, field marketing, and advisory service experts. Those teams are responsible for increasing demand, increasing revenue, marketing , and after-sales services.

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RPA and AI In Action: Business Automation Redefined

Amzur

In today’s hyper-competitive landscape, streamlining operations and maximizing efficiency are paramount for CIOs. This is where automation comes in, offering a powerful way to elevate your business. However, choosing between RPA and AI can be challenging, as each has unique strengths for different business processes.

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Down-to-Earth Reasons for Banks to Go for Cloud and Cloud Automation

Automation Anywhere

2) Decrease TCO Cloud computing can help financial institutions reduce the total cost of ownership (TCO) without the need to make infrastructure purchases of hardware, software, and upgrades, as well as save on the time and money required for maintenance. 6) Reduce risk Risk mitigation is always a goal with financial institutions.

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BPM vs. BPO and How RPA Helps Both

Automation Anywhere

BPO is largely the outsourcing of these functions to third-party providers who perform these series of tasks as ongoing services. Both BPM and BPO are considerably improved by Robotic Process Automation (RPA), which reduces costs, improves operations, and maximizes productivity.

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How Your Procurement Can Benefit from Automation

Automation Anywhere

Traditionally, it has been primarily a back-office function , focusing on handling and approving requests from business stakeholders for products and services, dealing with vendors, and ordering and obtaining the items or services. Automation can scale to meet demand, for a smooth operation. Eliminates bottlenecks.