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

The Hackett Group

Finance leaders will also need to do more with less operationally in 2024 because they expect to see a 5% increase in finance workloads and a slight decrease in staffing and operating budget, The Hackett Group ® found. Digital transformation remains a top five priority for finance in 2024, the research found. NASDAQ: HCKT).

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Top 5 Back-Office Functions That Should Be Automated

Automation Anywhere

Disruptive technologies – like intelligent automation (RPA+AI) – are helping chief experience officers (CXOs) re-invent their business operations by bringing in optimizations. According to EY estimates, automation of back-office work could provide companies with savings of about 20% to 60% of baseline full-time employee (FTE) costs.

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From Roman Tax Collectors to Global Business Partners: A History of Outsourcing

Premier BPO

Initially, it involved basic tasks but has evolved into a complex strategy integral to modern business operations, including Business Process Outsourcing (BPO), which encompasses contact centers and back-office functions. ” Outsourcing gained momentum as companies sought efficiency and cost savings. based organizations.

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How to keep your operations costs low 

Redial

Business process outsourcing (BPO) is a cost-effective solution for many companies that want to reduce operational costs. Providing a wide range of services that can be outsourced, such as customer service, finance, marketing, accounting, human resources, and many more. This can reduce labor costs and improve efficiency.

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3 Benefits of AP Automation for Healthcare

Metasource

By implementing an accounts payable automation solution , your healthcare facility can say goodbye to the manual data entry that comes with AP processing. The right outsourced AP automation partner will help you streamline the entire process, from invoice receipt through delivery to the appropriate members of your team.

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How Accounts Payable Automation Speeds Up Invoice Processing

Metasource

Instead of printing these invoices out and adding to manual work, companies have realized that accounts payable automation is a better way forward. Processing is faster and human error is reduced, giving companies an advantage over their competitors. From the inbox, converted invoices are imported to automation software for processing.

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Top 3 Manual Tasks to Streamline with Business Process Automation

Metasource

Implementing business process automation (BPA) and undergoing a digital transformation can help your organization streamline workflows and avoid these negative outcomes. But what business processes should you automate? Once files are digitized, you can streamline the routing, review, and approval processes with workflow automation.