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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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Hackett: Procurement Operating Costs Increase For the First Time in a Decade

The Hackett Group

Despite increases in year-on-year operating costs, Digital World Class procurement organizations excel at cost optimization compared to typical organizations, The Hackett Group ® found. They now operate at 21% lower cost than their peers and have 32% fewer staff. Digital World Class Procurement Orgs Drive 2.4X

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4 Ways to Lower Operational Costs and Increase Efficiency

Metasource

Even small snags in timing on a day-to-day basis can cost significant amounts in lost revenue. In fact, according to the IDC market research firm , corporate revenues decrease by 20 to 30 percent each year due to inefficiency. The post 4 Ways to Lower Operational Costs and Increase Efficiency appeared first on MetaSource.

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Legal Process Outsourcing in Mexico: Unlocking Efficiency and Quality

Intugo

Legal Process Outsourcing in Mexico: Unlocking Efficiency and Quality In today’s global economy, legal process outsourcing is an investment for cost-effective solutions without sacrificing quality. They prioritize logical organization, thorough research, anticipation of potential implications, and meticulous proofreading.

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How Outsourcing Accounts Payable Boosts Financial Efficiency?

Magellan Solutions

With this, hiring an in-house staff and allocating office space and technology infrastructure is unnecessary, leading to decreased operational costs. Service provider selection Research potential partners, review their track record, and seek referrals to ensure they can meet your specific needs.

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How Accounts Payable Benchmarking Can Improve Efficiency

Planergy Software

How Accounts Payable Benchmarking Can Improve Efficiency. Often, organizations judge the efficiency and effectiveness of the accounts payable team by the number of invoices processed or total error-free payments disbursed over a period. per unit, while the median cost for invoice processing is $5.71 Download Free Copy.

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Hackett: 2023 Brings Increasing Cost for HR But Greater Business Impact

The Hackett Group

Miami, FL — September 28, 2023 — Human resources (HR) operating costs increased significantly in 2023, with key contributors being wage inflation and high turnover rates, according to new Digital World Class ® HR research from The Hackett Group , Inc. At the same time, they operate with 40% fewer full-time equivalent staff.