Perficient Digital Transformation

DECEMBER 22, 2023

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Banking 52

Banking Risk Management Risk Management Cybersecurity 52

Neo Group

SEPTEMBER 24, 2020

John Bree, Chief Evangelist & CRO, Supply Wisdom will be moderating a panel on Regulations & Compliance in the New Normal. . In this panel, leaders from the financial and insurance sectors discuss how regulations and compliance have to increasingly be included in ongoing governance. No industry is immune to it.

Government 52

Government Co-Sourcing Advisory Regulations 52

NoonDalton

OCTOBER 24, 2022

When compared to a full-time HR staff with recurring annual expenses, an active HR outsourcing strategy will guarantee better results at reduced costs. Risk Management. Not only do HR teams manage employee relations and anti-discrimination initiatives. Compliance.

Outsourcing 80

Outsourcing Payroll Out-Tasking Right-Sizing 80

Akorbi

SEPTEMBER 22, 2022

While securing other forms of accreditation can be a strong first step, these do not necessarily guarantee full and complete compliance with risk management for private data. ISO certifications are a best practice approach, accepted internationally, and General Data Protection Regulation (GDPR) compliant.

Business Process Outsourcing 52

Business Process Outsourcing Regulations Reduced Costs BPO 52

IBM Services

FEBRUARY 13, 2024

Outside consumer demand for traceability, new regulations may make it imperative for some businesses: the FDA’s Food Safety Modernization Act (FSMA) Rule 204 requires food companies that manufacture, process, pack or hold foods on the Food Traceability List (FTL) to use traceability systems and follow new record keeping requirements.

Strategic Sourcing 84

Strategic Sourcing Sourcing Supply Chain Management Inventory Management 84

NoonDalton

AUGUST 26, 2024

As the business landscape becomes increasingly competitive, companies of all sizes are searching for ways to streamline operations, reduce costs, and focus on core activities that drive growth. Maximizing the Benefits of Outsourced Accounting Outsourcing accounting services offers more than just cost savings.

Accounting 52

Accounting Outsourcing Streamline Operations Risk Management 52

Intugo

JANUARY 23, 2024

They understand your sector’s challenges, regulations, and best practices, ensuring more efficient and compliant service delivery. Ensure the outsourcing company adheres to international data protection regulations, maintains strict security protocols, and undergoes regular security audits.

Outsourcing 59

Outsourcing Nearshoring Call Center Flexibility 59

Groove Technology

SEPTEMBER 26, 2024

Improves Risk Management Outsourcing can be a powerful risk mitigation strategy. Businesses can ensure continuity and reduce vulnerabilities by distributing project risks across different teams or even geographical locations. How do you maintain control over an outsourced project?

Software 130

Software Outsourcing E-Commerce Reduced Overhead 130

Obobo

OCTOBER 25, 2022

Strategic Importance of a Third-Party Risk Management System A third-party risk management system can significantly reduce the risks associated with supply chains and procurement. First, it is important to determine the specific risks that concern your organization and which parties pose the greatest risk.

Software 52

Software Management Risk Management Risk Management 52

3Pillar Global

JANUARY 4, 2024

Growing revenue and reducing costs remains a top priority for healthcare organizations in 2024. As such, revenue cycle optimization, streamlining payment, and reducing billing and coding errors are critical areas of focus. Platform modernization presents a solution.

Healthcare 52

Healthcare Reduced Costs Automation Administrative 52

NoonDalton

JULY 19, 2023

As businesses seek to streamline operations, reduce costs, and tap into specialized talent pools, RPO is increasingly becoming their go-to solution. Compliance and Reporting: Ensuring all recruitment activities are compliant with industry regulations and providing detailed analytics and reporting on recruitment metrics.

Outsourcing 52

Outsourcing Reduced Overhead Right-Sizing Analytics 52

Capgemini

NOVEMBER 30, 2022

By procuring data from a variety of sources, they can enrich their own data and improve in areas like risk management. It reduces the cost and you can have better risk management because you’re benefiting from experiences and the data from your competitors,” Parmar says.

Service 52

Service Finance Risk Management Risk Management 52

Perficient Digital Transformation

MAY 18, 2023

The platform facilitates collaboration and data-driven decision-making to improve efficiency and reduce costs. Project / Program Management : Manage projects and programs throughout the entire lifecycle using a structured approach to planning, resource allocation, budgeting, scheduling, and risk management.

Design 64

Design Management Collaborations Government 64

Infosys Consulting

OCTOBER 18, 2023

Finance Financial organizations can enhance risk management, fraud detection, and compliance with the aid of big data and machine learning. Businesses are better able to spot abnormalities and reduce risks by analyzing vast amounts of transaction data and other pertinent information.

Healthcare 52

Healthcare Banking Finance Streamline Operations 52

IBM Business Partners

MAY 17, 2024

It can also facilitate compliance with local regulations, streamlining the logistics of cross-border transactions.   Demand forecasting By analyzing historical data, AI can predict demand and help businesses optimize their inventory levels and minimize excess, reducing costs and improving efficiency.

E-Commerce 64

E-Commerce Order Management Retail Automation 64

Obobo

MARCH 19, 2023

It involves ensuring that both parties fulfill their obligations, such as delivering goods on time and maintaining agreed-upon quality standards, while also mitigating risks and resolving disputes. Effective contract management can help organizations reduce costs, improve efficiency, and maintain good relationships with suppliers.

Management 40

Management Reduced Costs Risk Management Risk Management 40

Obobo

MARCH 23, 2023

For companies looking to reduce costs, procurement is often one of the first places they look. Cost reduction during procurement processes can be accomplished through various strategies that range from the short-term to medium and long-term goals. Short-term Cost Reduction Strategies Short-term Cost Reduction Strategies: 1.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Paysquare

AUGUST 7, 2023

Overall, outsourcing accounts is significant as it enables businesses to streamline operations, reduce costs, access specialized skills and maintain compliance with accounting standards and regulations. Stay Updated on Industry Trends and Regulations Accounting regulations and industry practices are constantly evolving.

Accounting 52

Accounting Outsourcing Collaborations Out-Tasking 52

Obobo

MARCH 19, 2023

Increased Efficiency: With contract management software, companies can automate many processes, including contract creation, approval workflows, renewals and reminders, and reporting. This saves time and reduces manual errors, resulting in increased efficiency.

Software 52

Software Management Right-Sizing Automation 52

Paysquare

AUGUST 19, 2024

This diminishes the probability that the payroll company will disrupt the set rules and regulations, safeguarding the employer from forfeits. Legal Compliance and Risk Management – EOR ensures that they are conversant with the local labor laws and, thus, assist the companies in managing risks associated with compliance.

Outsourcing 52

Outsourcing Payroll Administrative Right-Sizing 52

Vilmate

APRIL 27, 2022

Here are only a few instances of ML and AI applications in financial services: Risk management. Asset management. Banking institutions and other fintech firms utilize machine learning algorithms to optimize money circulation by providing loans regulated with ML-based credit scoring systems instead of only rule-based.

Banking 52

Banking Finance Risk Management Risk Management 52

Planergy Software

OCTOBER 18, 2023

A well-designed corporate travel program prioritizes employee safety by vetting travel suppliers, providing travel risk management resources, and offering 24/7 support for travelers in case of emergencies. Risk Management A robust program enables companies to proactively identify, assess, and mitigate travel-related risks.

Finance 52

Finance Reduced Costs Management Risk Management 52

Obobo

MARCH 19, 2023

An effective contract management system should also include a workflow feature that automates the approval and signing process, reducing administrative overhead. As industry expert Gary Savoy notes, “A contract management system can help organizations reduce costs, increase efficiency, and mitigate legal risk.”

Management 40

Management Regulations Automation Out-Tasking 40

Obobo

MARCH 19, 2023

One of the primary reasons is that it helps businesses mitigate legal and financial risks. Contract management ensures the compliance of contracts with all applicable laws and regulations. Another benefit of contract management is that it helps to minimize conflicts and disputes between parties.

Management 40

Management Reduced Costs Efficiency Regulations 40

Mercans

OCTOBER 26, 2021

Armed with this knowledge, specialists stay abreast of constantly shifting laws, regulations and reporting requirements that impact the services the PEO provides to your business. To help reduce risks for client companies, PEOs often provide: 2.1 Leave of absence request management. Training in liability management.

Co-Sourcing 52

Co-Sourcing Payroll Insurance Administrative 52

Obobo

JANUARY 12, 2023

What is an Automated Vendor Risk Assessment? Vendor risk management is an important part of any business’s operational processes, and it’s essential for organizations to ensure that their vendors are compliant with industry standards. One way to do this is through an automated vendor risk assessment (AVRA).

Automation 40

Automation Reduced Costs Risk Management Risk Management 40

Magellan Solutions

MAY 19, 2023

Business process management involves analyzing the workflow of companies. REDUCED COSTS Automating manual operations and removing repetitive tasks can help companies cut costs. Business process management can also reduce errors. COST SAVINGS One of the common benefits of outsourcing is reduced costs.

BPO 52

BPO Outsourcing Management Out-Tasking 52

Planergy Software

MARCH 29, 2022

This step can make or break an organization’s ability to understand its data better and leverage it to maximize profitability, reduce cost, and create value for shareholders. Insights : Insights are generated by analyzing information and drawing conclusions. leverage insights to enhance the customer experience and increase the revenue.

Analytics 52

Analytics Accounting Finance Strategic Sourcing 52

Perficient Digital Transformation

MARCH 19, 2024

Recommended Approach : Given the tight operating margins many HCOs face, leaders must strike the right balance balance of effectiveness and cost-efficiency. Risk management, data access controls, and continuous monitoring and logging are likely on your checklist. Be sure to also consider your software supply chain security.

Healthcare 52

Healthcare Insurance Cybersecurity Collaborations 52

Obobo

MARCH 19, 2023

Additionally, CMS can help businesses to standardize their contracting processes and introduce accountability measures to ensure compliance with internal policies and external regulations. By leveraging a CMS, businesses can achieve increased efficiency in their operations, reduce costs, and minimize risk.

Management 40

Management Automation Out-Tasking Administrative 40

Obobo

MARCH 19, 2023

3) Reducing Risk and Improving Compliance: CLM software provides a secure and streamlined way to ensure compliance with regulations, policies, and procedures. It offers features such as version control, automated reminders for expiration and renewal, and a clear audit trail, reducing the risk of non-compliance. (4)

Software 40

Software Management Collaborations Automation 40

Planergy Software

APRIL 19, 2023

By reducing the risk of human error, automated accounting processes help ensure compliance with applicable laws and regulations. It also helps ensure you comply with reporting requirements, tax regulations, and other relevant industry standards. It can also help ensure you can track and improve on established KPIs.

Accounting 52

Accounting Jobbing Software Automation 52

Obobo

MARCH 19, 2023

That’s why it’s important for companies to take measures to improve contract management processes. Through proper contract management, organizations can reduce legal costs, increase their bottom line, ensure compliance with regulations and industry standards, and even strengthen customer relationships.

Management 40

Management Automation Collaborations Out-Tasking 40

Obobo

MARCH 19, 2023

– Contract monitoring and management: This involves reviewing and monitoring the contract to ensure that the vendor is meeting their obligations. – Risk management: VCM helps identify and mitigate risks associated with vendor contracts, such as cybersecurity threats, data breaches, or financial instability.

Management 40

Management Reduced Costs Automation Accounting 40

Planergy Software

FEBRUARY 4, 2022

This could be something as simple as complying with applicable safety regulations as this is considered important for the business to maintain, but not something you would necessarily prioritize resources for in the short-term to get the greatest ESG value.

Right-Sizing 52

Right-Sizing Accounting Finance Government 52

Planergy Software

SEPTEMBER 12, 2023

Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services. Additionally, they may need to hire and train new employees to handle the increased scope of operations.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

Capgemini

JANUARY 9, 2024

Regulations can incentivize either, as well, depending on their specific requirements. Businesses will need to weigh the costs and benefits of each approach. How can businesses start preparing for upcoming regulations around sustainability reporting?

Government 52

Government Regulations Right-Sizing Collaborations 52