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What is Automated Vendor Risk Management? – Definition

Obobo

What is Automated Vendor Risk Management? The use of technology to simplify and streamline vendor risk management processes has become a necessary part of business operations. Automated Vendor Risk Management (AVRM) is the practice of using technology to identify and mitigate third-party risks.

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How to Reduce Software Development Costs: Proven Strategies for Cost Optimization

Groove Technology

Outsourcing has emerged as an effective solution, helping businesses save significantly on costs through access to cheap human resources, reducing operating costs and increasing work efficiency. According to a study by Deloitte, companies can save up to 60% of operating costs through outsourcing.

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Revolutionizing Risk: Exploring Actuarial Outsourcing in Insurance | Blog

Everest Group

Outsourcing is a growing trend in the insurance industry to transform the actuarial function by reducing costs, creating innovation, increasing efficiencies, and filling the talent demand. Cost optimization: Actuarial outsourcing optimizes costs by using offshore resources and the specialized expertise of external partners.

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Insurance Technology Market Trends: Reflecting on the Recent Guidewire Kufri Release | Blog

Everest Group

Guidewire’s latest release, Kufri, showcases the company’s dedication to innovation, efficiency, and global reach in the insurance technology space. This release emphasizes process efficiency, accelerated time to market, and enhanced data analytics capabilities, all while expanding Guidewire’s reach beyond North America.

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Top Reasons Why You Should Consider India For Your IT Outsourcing

Groove Technology

In today’s globalized business environment, outsourcing IT functions is a strategic move for many companies looking to enhance service quality, reduce costs, and access a wider talent pool. This blog explores the compelling reasons why businesses around the world should consider India for their IT outsourcing needs.

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What Is Intelligent Automation?

Metasource

IA enables companies to enhance efficiency, reduce costs, and stay competitive in an ever-evolving market. These are all commonly asked questions this blog post answers. Applications of cognitive automation range from automated customer service to sophisticated data analysis and risk management.

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Transformation Imperatives for Wholesalers and MGAs in Insurance: Exploring Opportunities to Unlock the Next Growth Phase | Blog

Everest Group

Managing General Agents (MGAs) and wholesalers are becoming increasingly relevant in the insurance ecosystem due to the unique advantages they have over brokers/agents. With five key transformation levers described in this blog, MGAs can overcome challenges and unlock a wave of unprecedented sustainable growth. Read on to learn more.