Everest Group

FEBRUARY 2, 2023

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. This can save money on transaction processing, leading to lower operating costs.

Banking 246

Banking Service Right-Sizing Automation 246

Everest Group

AUGUST 24, 2022

Given the increase in regulatory norms and technology advances, banks, financial institutions, and other emerging institutions are constantly working to meet these norms and safeguard themselves from financial crimes, while maintaining their operational costs and scaling their delivery. Our Thinking.

Banking 130

Banking Insurance Service Advisory 130

31 West

OCTOBER 7, 2022

Open Source Help Desk Software. Reduced Operational Cost. Open Source Help Desk Software. Open source help desk software is free to use and modify. Open source solutions offer more control over data and security but may require IT resources for upkeep. Reduced Operational Cost. Conclusion.

Software 130

Software Customer Support Operational Costs Flexibility 130

Automation Anywhere

AUGUST 24, 2022

Automation reduces the number of manual controls, reporting errors, and operational costs of the finance and accounting function. RPA is critical to streamlining these activities by retrieving information directly from a variety of sources, reconciling amounts to ensure accuracy, and automating repetitive tasks.

Finance 145

Finance Automation Robotics Process Automation Accounting 145

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

Everest Group

SEPTEMBER 14, 2023

With robust telecommunications and widespread internet connectivity, businesses can efficiently run contact center operations Impact sourcing focus: South Africa offers companies a chance to meet impact sourcing goals while remaining cost-effective.

Service 173

Service Impact Sourcing Contact Center Outsourcing Government 173

Premier BPO

AUGUST 20, 2022

If you want a partner rather than a vendor , then consider offshoring with a co-sourcing partner (proactive, consultative, value-added relationship). Ask these important questions; Do you need to reduce operational costs (what specifically is your cost driver) Are you looking to improve quality (how do you measure it)?

Outsourcing 130

Outsourcing Co-Sourcing BPO Offshoring 130

Everest Group

DECEMBER 2, 2021

To learn more about why your organization should pay attention to supplier diversity, Impact Sourcing (IS), and Diversity, Equity, and Inclusion (DE&I), read on. Along with this richness in thinking come tangible financial benefits beyond lower operational costs. What do these terms mean?

Impact Sourcing 130

Impact Sourcing BPO Sourcing Business Process Outsourcing 130

Groove Technology

OCTOBER 1, 2024

Custom software development outsourcing offers a flexible and cost-effective solution to these challenges. Let's explore two prominent types: Multi-Sourcing Multi-sourcing involves using multiple service providers for different aspects of a business function. Yes, small businesses can significantly benefit from outsourcing.

Software 130

Software Outsourcing Nearshoring Offshoring 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

Everest Group

JULY 3, 2024

To overcome these challenges and transform their supply chains into agile, resilient networks, organizations must seek integrated, holistic solutions that foster collaboration and seamless operation across all functions and stakeholders.

Supply Chain Management 162

Supply Chain Management Inventory Management Sales Order Management 162

IBM Services

FEBRUARY 29, 2024

As more countries, companies and individuals seek energy sources beyond fossil fuels, interest in renewable energy continues to rise. In fact, world-wide capacity for energy from solar, wind and other renewable sources increased by 50% in 2023. Biomass is sometimes considered a source of renewable energy. trillion in 2023.

Sourcing 101

Sourcing Operational Costs Government Offshoring 101

Everest Group

APRIL 17, 2023

In fact, cost pressure was ranked as the number one business challenge in our annual key issues survey for 2023. Enterprises expect their GBS organizations to help alleviate some of the cost pressure by reducing operations costs or by doing more with the same, or lower, budget and resources.

Shared Services 130

Shared Services Streamline Operations Global Business Services Offshoring 130

31 West

AUGUST 10, 2022

These are web-based, on-premises, enterprise, internal, open-source, and cloud. Open Source Helpdesk Solution. This type of solution offers flexibility, security, and reliability while saving your operating cost. These are web-based, on-premises, enterprise, internal, open-source, and cloud.

Customer Service 130

Customer Service Software Out-Tasking Sourcing 130

Everest Group

MARCH 23, 2022

Challenges Abound – A Global Talent Shortage Compounded by Rising Costs. Based on our report, It’s Not a Talent War; It’s a New Reality – 2022 Key Issues in Global Sourcing, GBS headcount growth is expected to be steady, with average growth moving from 4-5% in 2020 to 8-10% in 2021. We expect an average wage increase of 8.1%

Global Business Services 130

Global Business Services Service Impact Sourcing Sourcing 130

Amzur

OCTOBER 10, 2024

Disruptions can arise from various sources, including: Natural disasters: Earthquakes, hurricanes, floods, etc. Cost Savings : Reduce operational costs through optimization and automation, allowing organizations to focus resources where they are needed most. Use Cases 1.

Supply Chain Management 59

Supply Chain Management Inventory Management Advisory Collaborations 59

31 West

OCTOBER 21, 2022

Operational Capability. Low Operating Costs. A single point of contact provides the convenience of getting help from a single source. Operational Capability. Low Operating Costs. It is also the reason behind the popularity of outsourced help desks. Enhanced Collaboration. Increased Brand Value.

Collaborations 130

Collaborations Operational Costs Automation Customer Service 130

Everest Group

SEPTEMBER 13, 2022

When operating in the metaverse, organizations reap all the benefits of remote work , including reduced operational costs for real estate and facility maintenance. Many metaverse solutions for the workplace, like Microsoft Mesh, NextMeet, and Meta’s Horizon Workrooms are already gaining popularity for work meetings.

Collaborations 130

Collaborations Operational Costs Flexibility Jobbing 130

Perficient Digital Transformation

MARCH 5, 2024

Change Data Capture (CDC) has emerged as an ideal solution for near real-time movement of data from relational databases (like DB2, SQL Server, or Oracle) to operational data sources or data lakes. Change Data Capture is a software process that identifies and tracks changes to data in a database.

Analytics 115

Analytics Jobbing Operational Costs Sourcing 115

Automation Anywhere

OCTOBER 29, 2020

The Everest Group image shows the Source-to-Pay (SPS) value chain split into two process groups: Source-to-Contact (S2C) and Procure-to-Pay (P2P). The specialists have to handle data from many sources such as purchase orders, receipts, agreements, RFPs, RFQ, and emails—unstructured and structured data. Accelerates the process.

Automation 97

Automation Robotics Process Automation Sourcing Efficiency 97

Pure Moderation

DECEMBER 15, 2022

Much of the drivers of the business process outsourcing industry’s economic success has to do with organisations putting a primer on improving efficiency, lowering operational costs, and becoming more scalable and agile. Source: Freepik. Source: Freepik. Source: Freepik. Cloud-Based Services.

Business Process Outsourcing 98

Business Process Outsourcing Outsourcing BPO Out-Tasking 98

Everest Group

JANUARY 4, 2023

Both enterprises and providers can benefit by taking this approach in the following ways: Benefits for enterprises: Enterprises can neutralize outsourcing services costs by generating greater business impact. Enterprises can hold service providers to outcomes beyond service quality and operational cost reduction.

BPO 130

BPO Outsourcing Labor Costs Advisory 130

IBM Services

SEPTEMBER 19, 2023

AI-enhanced network optimization could benefit CSPs in a multitude of ways: not only can it add to a company’s competitive advantage by enhancing service for customers, but it can also help manage operating costs by addressing the strain on resources and helping CSPs and NEPs alike to avoid over-or under-provisioning resources.

Robotics Process Automation 115

Robotics Process Automation Out-Tasking Automation Jobbing 115

IBM Services

JANUARY 23, 2024

Procurement departments tend to be less visible to many stakeholders than sales, operations or even finance departments, but the impact they have on everything from the bottom line to product quality and service delivery shouldn’t be overlooked, which is why “procurement excellence” is a worthy pursuit.

Advisory 93

Advisory Sourcing Accounting Analytics 93

Groove Technology

MAY 19, 2024

Effective Cost One of the main factors contributing to the growth of IT outsourcing in the Philippines is the lower cost of labor. The country's comparatively low cost of living results in significantly lower operational costs than those in Western countries.

IT Outsourcing 130

IT Outsourcing Outsourcing Cybersecurity Offshoring 130

Everest Group

MAY 26, 2023

This can lower alert fatigue and improve the mean time to detect or discover (MTTD), mean time to restore (MTTR), and threat coverage, and enhance overall risk management strategies while reducing total security operations costs.

Cybersecurity 130

Cybersecurity Automation Analytics Healthcare 130

Perficient Digital Transformation

MAY 10, 2023

Simply wanting to reduce operational costs may not be the only reason, as it depends on how modernized your application is. You also need to understand the cost of each cloud provider and have a cost optimization strategy in place.

Management 115

Management Sourcing Regulations Operational Costs 115

IBM Services

FEBRUARY 19, 2024

Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics. A supply chain control tower can connect many sources of data-driven information and improve end-to-end visibility.

Supply Chain Management 86

Supply Chain Management Management Inventory Management Analytics 86

Groove Technology

JUNE 2, 2023

With the advent of technology and global connectivity, these services can be sourced from anywhere around the world, enabling businesses to leverage global talent and expertise. Cost Savings: Financial benefits are a significant driver for outsourcing.

Software 130

Software Outsourcing Service Outsourcing Professionals 130

IBM Services

APRIL 24, 2023

Instead of focusing primarily on data processing, as legacy or enterprise data warehouses did, the modern version is designed to store tremendous amounts of data from multiple sources in various formats and produce analysis to drive business decisions. IBM has a next-generation data lakehouse solution to achieve these business situations.

Analytics 95

Analytics Right-Sizing Sourcing Management 95

The Scalers

OCTOBER 6, 2021

On the flipside, by building the same team offshore, you can reduce your overall operational costs by at least 40-50%. And that’s because the cost of living in countries like India, Ukraine, or The Philippines is significantly lower than in the West. When it all adds up, the numbers can be staggeringly high.

Offshoring 95

Offshoring Engineering Administrative Sourcing 95

IBM Services

NOVEMBER 29, 2023

In fact, in a survey of 6,700 C-level executives, the IBV found that more than 85% of advanced adopters were able to reduce their operating costs with AI. Additionally, developments in both closed and open source large language models (LLM) are enhancing AI’s ability for understanding plain, natural language.

Automation 90

Automation Analytics Sourcing Operational Costs 90

31 West

JUNE 24, 2020

An efficient IT Help Desk service trims and centralizes communications because all customer issues will be dealt with, by one primary source, that receives and allots them systematically, thus allowing for seamless functioning. Those are costs you don’t want to incur. Lower Operational Cost.

Outsourcing 130

Outsourcing Out-Tasking Labor Costs Operational Costs 130

Groove Technology

JUNE 15, 2023

Talent Sourcing : The outstaffing company leverages its extensive network and recruitment expertise to identify suitable candidates matching the client's criteria. These companies act as intermediaries, sourcing top-tier talent and assembling dedicated teams to work on clients' development projects.

E-Commerce 130

E-Commerce Flexibility Collaborations Healthcare 130

IBM Services

MAY 9, 2023

With watsonx, IBM will launch a centralized AI development studio that gives businesses access to proprietary IBM and open-source foundation models, watsonx.data to gather and clean their data, and a toolkit for governance of AI. Watsonx.data will be core to IBM’s new AI and Data platform, IBM watsonx, announced today at IBM Think.

Analytics 75

Analytics Government Engineering Sourcing 75

IBM Services

JANUARY 26, 2024

Most renewable energy sources produce zero carbon emissions and minimal air pollutants. Understanding the types of renewable energy sources available can be a key step towards reducing your carbon footprint and for organizations, reducing the environmental impacts of your operations and supply chain. What about nuclear power?

Offshoring 75

Offshoring Sourcing Manufacturing Operational Costs 75

Groove Technology

AUGUST 15, 2024

comes with NPM (Node Package Manager), which provides access to a vast ecosystem of open-source packages. Cost-Effectiveness: By outsourcing, companies can save up to 60% on operational costs compared to building an in-house team. can cost between $100,000 to $150,000 per year, including benefits. development?

Outsourcing 100

Outsourcing Service Flexibility Collaborations 100