The Hackett Group

MARCH 16, 2023

and an efficiency gap of 7.8%. indicates a growing reliance on technology to increase procurement productivity, efficiency and effectiveness. An expected 10.6% increase in workload, combined with smaller increases in procurement staffing and budgets, will drive a productivity gap of 7.4% An increase in technology spend of 5.7%

Advisory 98

Advisory Research Analytics Human Resources 98

The Hackett Group

FEBRUARY 16, 2024

Procurement leaders are also actively evaluating how generative AI (Gen AI) can help them improve both efficiency and effectiveness in a range of functional areas. Procurement is once again anticipating an efficiency gap in 2024 as workload is expected to increase by 8% in 2024, while budgets are expected to rise by only 1.6%.

Advisory 59

Advisory Research Analytics Risk Management 59

The Hackett Group

MARCH 23, 2023

In addition, HR leaders face increasing productivity and efficiency gaps, with workload expected to increase by 10.5% projected increase, which will make it more challenging for HR to rely on technology to close efficiency gaps. and only minimal increases in staffing and budgets, the research found.

Research 98

Research Advisory Human Resources Analytics 98

The Hackett Group

DECEMBER 7, 2023

Ai XPLR is not just a tool for improving efficiency – it’s a catalyst for reinventing how we do business. Through strategic investments in AI technologies and partnerships, we aim to unlock new possibilities that will not only benefit our clients but also shape a smarter, more efficient future.”

Advisory 64

Advisory Human Resources Research Administrative 64

The Hackett Group

JULY 13, 2021

They’re reimagining and systematically transforming how they work in finance, procurement, HR and IT.”. The core system in Bosch’s Global Business Services unit includes seamless integration of advanced automation, including machine learning, chatbot, AI, RPA, and more. Citi’s digitalization took place on many levels.

Robotics Process Automation 78

Robotics Process Automation Finance Pharmaceuticals Analytics 78

Everest Group

FEBRUARY 21, 2022

With their growing maturity, Global Business Services (GBS) organizations in Banking and Financial Services (BFS) have taken on critical roles in the data value chain. For example, a leading US bank GBS hosts a Finance and Accounts (F&A) Data Management team that supports finance business users’ data needs.

Banking 52

Banking Analytics Finance Engineering 52

AH Anderson Consulting

JUNE 22, 2016

HR, IT, Finance, etc.) to be leveraged across an entire organization, resulting in lower costs with agreed-upon customer-service levels. At that time, companies desired even greater efficiency, wider geographic reach, and broader scope coverage from its SS, to handle greater regulatory scrutiny for the same or even lower costs!

Global Business Services 52

Global Business Services Shared Services Service Government 52

Zinnov

OCTOBER 26, 2023

The way GCCs are structured and set up, helps companies minimize risks, bring in efficiencies, optimize operations, and ensure long-term sustainability. Global Capability Centers also ensure accelerated innovation and business continuity, while reducing costs and risks. Take COVID-19 or the ongoing wars, for instance.

Flexibility 52

Flexibility Global Business Services Finance Regulations 52

Zinnov

FEBRUARY 19, 2024

The Software Engineering Institute of the Carnegie Mellon University defines a COE as “A premier organization providing an exceptional product or service in an assigned sphere of expertise and within a specific field of technology, business, or government, consistent with the unique requirements and capabilities of the COE organization.”

Analytics 95

Analytics Out-Tasking Engineering Flexibility 95