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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

During this same period, Digital World Class ® finance organizations were highly resilient and managed to reduce costs to nearly half that of their peers while delivering dramatic improvements in value, including efficiency, effectiveness and customer experience. (NASDAQ: HCKT). That’s an impressive accomplishment.”

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Perficient Recognized As A Notable Telecom, Media, and Entertainment Industry Consultancy

Perficient Digital Transformation

Fortunately, advancements in tools like generative AI present new opportunities for these CMT companies to scale efficiently while improving customer experiences.

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Hackett: Finance Leaders See Cost Containment and Cash Flow Optimization as Top Priorities for 2024

The Hackett Group

Overall, finance leaders continue to focus on digital transformation, using technology investments to reduce costs and create new capabilities. While the projected productivity and efficiency gaps have shrunk somewhat since last year – down from 9% and 10% respectively to 6% – they are still significant.

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Business process reengineering (BPR) examples

IBM Services

Business process reengineering (BPR) is the radical redesign of core business processes to achieve dramatic improvements in performance, efficiency and effectiveness. This transformation entails replacing manual, paper-based workflows with digital systems that use technologies like Robotic Process Automation (RPA) for routine tasks.

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Hackett: Digital Transformation is a Leading Priority for Finance in 2023, As Companies Respond to the Global Economic Downturn

The Hackett Group

Finance Looks to Technology to Mitigate Productivity and Efficiency Gaps MIAMI & LONDON, March 14, 2023 – Corporate finance leaders expect to remain focused on digital transformation in 2023 to address recession, inflation, geopolitical turmoil and talent shortages, according to the 2023 CFO Agenda research from The Hackett Group , Inc.

Finance 97
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Perficient Recognized for Capabilities in Oil & Gas

Perficient Digital Transformation

In the post-pandemic age of political upheaval, supply chain volatility, and global market uncertainty, agility and efficiency are the oil and gas industry’s keys to surviving and thriving. Learn more about Perficient’s oil and gas strategy and technology solutions.

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What’s the Best Way to Manage Your Bots?

Automation Anywhere

Robotic Process Automation (RPA) is one of the fastest-growing technologies in business today. It’s been proven to reduce costs, improve worker productivity and satisfaction, and eliminate errors. Brachio , Ernst & Young Global Advisory Risk & Performance Improvement Leader. Yet, that’s a two-edged sword.