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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

Artificial Intelligence (AI) has revolutionized many industries, and outsourcing is no exception. In fact, AI has proven to be a boon for the outsourcing industry by streamlining operations and reducing costs. In this article, we’ll explore the ways in which AI is good for the outsourcing industry.

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Improving supply chain resiliency in the industrial sector

IBM Business Partners

The industrial sector is facing a perfect storm when it comes to their supply chains: an outdated reliance on manual processes, raw materials demand that will likely outpace supply, as well as potential resource constraints. As an added benefit, this can reduce working capital tied up to carrying high M&R part inventory levels.

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The Resilience of the BPO Industry During Economic Crisis

NoonDalton

Business Process Outsourcing (BPO) has evolved from being a supplemental aspect of companies to an integral part of business strategies across industries. A Historical Glimpse: The Digital Foundations of BPO The early 2000s marked a significant milestone for the BPO industry.

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Supply chain visibility in the energy and utilities industry

IBM Business Partners

For the energy and utilities industry (E&U), time is not on their side. safety equipment, parts for trucks, and raw materials for infrastructure), weather events, customer demand levels, and logistics can help prevent disruption in operations, too. Visibility. Visibility into other key inventory (e.g.,

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5 Strategies to Recession-Proof Your Business

Metasource

Business process outsourcing services , including intelligent document processing and digital mailroom solutions , help companies reduce costs by converting from fixed cost models to variable cost ones. found that outsourcing can enable companies to achieve a 15-40% reduction in operating costs.

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Business process reengineering (BPR) examples

IBM Services

Organizations of all sizes and industries implement business process reengineering. 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%.