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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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IT Outsourcing Trends 2024 What to Expect in the Future

Groove Technology

The use of managed services not only helps businesses reduce costs but also provides them with access to specialized expertise and resources that may not be available in-house. With the ability to automate repetitive tasks and make data-driven decisions, AI has the potential to transform the way IT services are delivered.

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

Perficient Digital Transformation

Implementing these automation tools and other innovative strategies in collaboration with an industry-focused digital consultancy would make the difference for these companies struggling to drive loyalty, reduce costs, streamline operations, and more.

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How AI is Revolutionizing Outsourcing

Magellan Solutions

AI is transforming education through personalized learning, task automation, and increased convenience. AI is transforming the legal sector by evaluating legal papers, advancing research, and enabling lawyers to concentrate on crucial tasks. It automates repetitive jobs, analyzes data, and enhances human capabilities.

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Revolutionize Your Business in 5 Easy Steps with AI-Driven Outsourcing

Magellan Solutions

Step 2: Research And Identity Suitable AI-driven Outsourcing Opportunities Explore the landscape of AI technologies and outsourcing providers. Stay updated on the latest advancements in AI, including natural language processing, machine learning, and robotic process automation.

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11 Cost Reduction Strategies in Procurement

Obobo

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.

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A CCO Alone Won’t Fix Your CX

Simplr

Research shows that 89% of companies that lead with customer experience (CX) perform better financially than their competition. Even with a Chief Customer Officer (CCO) appointed to drive the collaboration, a successful CX initiative requires cooperation, integration, and overall cross-functional enterprise planning and support.