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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 AI is Revolutionizing CX and Reducing Costs to Bring You Big Wins in BPM and BPO

Raya Contact Center

The synergy between AI, BPM, and BPO is reshaping the business landscape, delivering big wins for organizations seeking to enhance customer experience while reducing operational costs. Want to know how AI will cut costs and help you gain more, fill out the form and get started! Field is required! Field is required!

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4 Ways to Lower Operational Costs and Increase Efficiency

Metasource

You can remove myriad inefficiencies, keep your employees focused on more important tasks, reduce costs, and improve relationships with your clients and vendors. These services cut costs across the board while freeing up time for your employees to spend on the job you hired them to do instead of unprofitable administrative tasks.

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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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Dyanix & ScaleHub present: Harness the power of crowdsourcing to reduce costs and boost accuracy

ScaleHub

When leveraging the right crowdsourcing partner, you can reduce your operating costs, including substantial overhead and increased personnel, and improve your data accuracy to a rate of 99.x%. Harness the power of crowdsourcing and reduce operating costs while boosting data accuracy. Time: 11:00 AM CEST.

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How to know if your company needs a call center 

Redial

Escalating Costs: As operational costs rise, it’s essential to assess whether your current communication methods are cost-effective. Maintaining an in-house team solely dedicated to customer support can be expensive, especially when you consider hiring, training, and infrastructure costs.

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A Complete Guide to Outsource Software Development Successfully for Your Projects

Groove Technology

Additionally, consider the geographical aspect of outsourcing: Onshore: Outsourcing within your country Nearshore: Outsourcing to a nearby country Offshore: Outsourcing to a distant country Hybrid: Outsourcing to combine more types of outsourcing A Deloitte study found that 59% of businesses use outsourcing to reduce costs.

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