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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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Why is AI Good for the Outsourcing Industry?

NoonDalton

In fact, AI has proven to be a boon for the outsourcing industry by streamlining operations and reducing costs. This can help them to optimize their operations, improve their decision-making, and identify areas where they can reduce costs.

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Ecommerce Growth Hacks: Outsource Ecommerce Product Data Entry Services

Offshore India Data Entry

Cost-Efficiency Through Outsourcing Ecommerce Product Data Entry Services The ecommerce landscape is fiercely competitive, and businesses are constantly seeking strategies to streamline operations and reduce costs. – Reduces operational costs by eliminating the need for an in-house team dedicated to data entry.

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Business process reengineering (BPR) examples

IBM Services

Technologies such as supply chain management software (SCM), enterprise resource planning (ERP) systems, and advanced analytics tools can be used to automate and optimize processes. In all, agents’ pre-and-post-call workloads were reduced by 30%.

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What is asset reliability?

IBM Business Partners

One of the ways maintenance managers refine and improve predictive analytics to increase asset reliability is through the creation of a digital twin. As in predictive analytics, sensors connected to the physical object collect data from the real world that is then mapped onto a virtual model.

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5 Business Benefits of Outsourcing Inbound Call Center Services

Magellan Solutions

Hence, there is a race to improve operations and customer service nowadays. Businesses are looking into efficient solutions that reduce costs and improve customer service while allowing companies to be flexible. Within the first year, they cut operational costs by 40% and lowered employee expenses. The reason?

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Improving supply chain resiliency in the industrial sector

IBM Business Partners

Automation will enable organizations to identify and resolve critical supply chain issues faster with end-to-end visibility , advanced analytics and actionable workflows. Improve visibility across manufacturing, operations, and distribution Orchestrate your end-to-end supply chain with a smarter control tower.