Everest Group

NOVEMBER 16, 2022

Fast-evolving consumer awareness about social, political, and environmental values, emerging regulations, and increased demand for sustainable financial products are pressuring BFS firms to prioritize ESG goals in operations and employment. ESG is creating new opportunities for BFS Global Business Services organizations.

Sourcing 52

Sourcing Banking Global Business Services Impact Sourcing 52

IBM Services

DECEMBER 15, 2023

Sustainability in business also provides organizations an opportunity to create more efficient supply chains that have a positive impact on the planet. Recycling programs, renewable energy sources, waste reduction and energy efficiency—all these things in theory can contribute to better environmental footprint.

Manufacturing 71

Manufacturing Advisory Regulations Sourcing 71

Future of Sourcing

APRIL 7, 2023

In this series, Future of Sourcing is talking to practitioners, technologists and executives to get their insights and expertise on navigating current and future challenges impacting sourcing, procurement, risk and supply chain professionals. After the past two years, there’s a lot that we can learn from each other.

Redistribution 59

Redistribution Regulations Risk Management Risk Management 59

Future of Digital Sourcing Outsourcing

OCTOBER 14, 2022

On October 19th, the Future of Sourcing Awards will celebrate organizations and individuals that have shown innovation, leadership and transformation in categories that are critical to the sourcing industry. In today’s dynamic ESG risk landscape, data collected at a point in time is quickly stale.

Management 72

Management Sourcing Risk Management Risk Management 72

IBM Services

OCTOBER 16, 2023

It encompasses risk management and regulatory compliance and guides how AI is managed within an organization. Open-source projects, academic institutions, startups and legacy tech companies all contributed to the development of foundation models. ” Are foundation models trustworthy?

Government 75

Government Management Risk Management Risk Management 75

IBM Services

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

Administrative 70

Administrative Sourcing Collaborations Strategic Sourcing 70

NoonDalton

JULY 19, 2023

The RPO provider essentially becomes an extension of the company’s own human resources or talent acquisition team, taking on responsibilities that can range from candidate sourcing, screening, and interviewing, to extending offers and even onboarding. me, low-skill positions. This is where Recruitment Process Outsourcing (RPO) shines.

Outsourcing 52

Outsourcing Reduced Overhead Right-Sizing Analytics 52

Amzur

JUNE 7, 2023

source Cloud-based platforms and digital tools facilitate real-time access to financial data, allowing CFOs to collaborate seamlessly with stakeholders across departments, locations, and even different time zones. With NetSuite’s technology stack, CFOs can achieve greater efficiency, accuracy, and agility in their financial operations.

Finance 52

Finance E-Commerce Analytics Risk Management 52

Everest Group

MARCH 17, 2023

According to a McKinsey report, 43% of top 100 Property and Casualty (P&C) insurers have at least one MGA relationship to source new premiums. MGAs are moderately capital efficient due to low setup cost, no legacy platform burden, quick monetization opportunity, and lean team setup.

Insurance 52

Insurance Robotics Process Automation Risk Management Risk Management 52

Everest Group

AUGUST 25, 2023

Integrating Generative Artificial Intelligence (GAI) into Source-to-Pay (S2P) processes can reshape procurement operations. Our survey of procurement professionals found the technology holds great potential to transform spend analytics and cost optimization while increasing efficiency and saving time.

Analytics 52

Analytics Sourcing Out-Tasking Efficiency 52

Everest Group

FEBRUARY 26, 2024

If the Capital One merger clears antitrust regulations, the combined entity would become the sixth-largest US bank by assets and a leading card issuer and network provider for the US payments market. Merged entities must swiftly adapt their operational models, delivery strategies, and sourcing decisions to excel in the evolving landscape.

Banking 58

Banking Risk Management Risk Management Marketing 58

IBM Business Partners

JUNE 29, 2023

For example, the sales department might develop a plan to enter new markets or launch new products, while the supply chain department focuses on inventory optimization and ensuring efficient logistics. Data integration and analytics IBP relies on the integration of data from different sources and systems.

Supply Chain Management 80

Supply Chain Management Analytics Collaborations Human Resources 80

IBM Services

FEBRUARY 13, 2024

The quality of outputs depends heavily on training data, adjusting the model’s parameters and prompt engineering, so responsible data sourcing and bias mitigation are crucial. Experienced developers are leaning on generative AI to advance complex coding tasks more efficiently.

Out-Tasking 122

Out-Tasking Design Automation Sales 122

Planergy Software

JANUARY 19, 2024

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vendor analysis is crucial for risk management.

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Infosys Consulting

MAY 22, 2023

The complexity of international sanctions The complexity of international sanctions regulation has been continuously increasing over time. Language and cultural differences, spelling, acronyms, and aliases are some representative sources of complexity. More is more: There is a tendency to over-screen due to extensive fuzzy matching.

E-Commerce 52

E-Commerce Data Entry Administrative Banking 52

Capgemini

NOVEMBER 22, 2023

The regulation ushered the banking industry to the Open Banking era of seamless data exchange. The implications of this regulation were not restricted to only Europe. We witnessed Open Banking being embraced globally – either market driven, or government regulated – across the key markets.

Finance 52

Finance E-Commerce Banking Retail 52

Paysquare

SEPTEMBER 4, 2023

In between these important activities, it not possible for the HR team to manually calculate payroll, dispatch salaries, and manage deductions. Even regulations and laws are modified and incorporating these changing rules in your payroll structure is complicated. You need to get to the source of things to mitigate problems.

Payroll 95

Payroll Out-Tasking Managed Services Regulations 95

Obobo

OCTOBER 25, 2022

This software can help manage inventory, billings, and payments. By managing the relationship with your suppliers in a more organized and efficient manner, you can reduce the risk of future problems and save money in the long run. What is Supplier Information Management?

Software 52

Software Management Risk Management Risk Management 52

Automation Anywhere

APRIL 27, 2022

Your external customers, regulators, consultants, and experts are the ones who understand the direction of the market. Your need to be effective and efficient in the transformation effort requires comprehensive data and insights into how your bank operates.

Banking 98

Banking Robotics Process Automation Automation Efficiency 98

Capgemini

NOVEMBER 30, 2022

It helps from the bottom-line perspective in terms of bringing greater efficiencies,” according to Ashvin Parmar, Vice President, Insights & Data Practice Leader at Capgemini. By procuring data from a variety of sources, they can enrich their own data and improve in areas like risk management.

Service 52

Service Finance Risk Management Risk Management 52

IBM Services

OCTOBER 9, 2023

Unified endpoint management (UEM) and medical device risk management concepts go side-by-side to create a robust cybersecurity posture that streamlines device management and ensures the safety and reliability of medical devices used by doctors and nurses at their everyday jobs.

Risk Management 82

Risk Management Risk Management Cybersecurity Management 82

Paysquare

AUGUST 7, 2023

This leads to improved operational efficiency and cost savings. Overall, outsourcing accounts is significant as it enables businesses to streamline operations, reduce costs, access specialized skills and maintain compliance with accounting standards and regulations.

Accounting 52

Accounting Outsourcing Collaborations Out-Tasking 52

Groove Technology

FEBRUARY 5, 2022

Companies that use or outsource DevOps processes have demonstrated that its principles can result in improved project visibility, increased development efficiency, simplified system configuration, optimized resources, and strengthened data security. Additionally, CI/CD enables the rapid deployment of new code with fewer risks.

Outsourcing 130

Outsourcing Collaborations Software Automation 130

Planergy Software

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Source what you can from reclamation centers and use recycling whenever possible. Doing so reduces the risk of compliance violations and protects you against the enforcement of new regulations.

Supply Chain Management 52

Supply Chain Management Risk Management Risk Management Government 52

Infosys Consulting

OCTOBER 18, 2023

Organizations capable of efficiently collecting, curating, storing, and analyzing as much of this data as possible, are better placed to drive innovative solutions for end-users. This can result in cost savings, improved efficiency, and faster delivery times. This technology helped Knorr achieve its goal of zero defects globally.

Healthcare 52

Healthcare Banking Finance Streamline Operations 52

Vilmate

APRIL 27, 2022

It’s aimed at manipulating some particular source of data. Source: Simplilearn. Here are only a few instances of ML and AI applications in financial services: Risk management. Asset management. Statista , one more source common to rely on, states that AI use cases are global, diverse, and comprehensive.

Banking 52

Banking Finance Risk Management Risk Management 52

Frevvo

FEBRUARY 9, 2022

But do you have a process in place to source vendors? Procurement plans typically include the following details: Roles and responsibilities Needs and requirements Project timelines Project constraints Vendor selection criteria Contract types Payment terms and methods Risk management. Reduces Supplier Risks. Here’s how.

Automation 52

Automation Right-Sizing Software Sourcing 52

inDinero

JUNE 29, 2023

Additionally, GAAP ensures that businesses remain compliant with government regulations regarding financial reporting. Components of GAAP Comprising of multiple elements and regulations, GAAP sets the standard for financial reporting by providing a framework of guidelines and requirements. Why Do Only Some Businesses Use GAAP?

Accounting 98

Accounting Regulations Payroll Finance 98

Planergy Software

OCTOBER 18, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy?

Finance 52

Finance Reduced Costs Management Risk Management 52

Obobo

MARCH 19, 2023

Managing contracts manually can be overwhelming and can lead to errors. Contract management systems provide an automated platform that enables businesses to store, track, and manage contracts more efficiently. But what exactly is a contract management system? Why is Contract Management Important?

Management 40

Management Automation Out-Tasking Administrative 40

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Overall, these 11 cost reduction strategies in procurement demonstrate that companies can significantly reduce costs and maintain profitability with the right procurement management practices.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Obobo

MARCH 19, 2023

Contract approvals can be streamlined by allowing digital signatures and workflows, which are typically faster and more efficient than traditional approval methods. Contract Tracking and Management With CLM software, businesses can easily find and manage contracts, no matter where they are in the lifecycle. What is CLM Software?

Software 40

Software Management Collaborations Automation 40

Risk Guide

FEBRUARY 5, 2023

With Bitcoin, transactions are not managed by banks or financial intermediaries, but instead value travels directly from one person to another. It could be part of a corporate strategy to embrace modern, open-source technologies or to support an operational strategy that includes accepting Bitcoin as payments.

Banking 52

Banking Finance Risk Management Risk Management 52

Mercans

OCTOBER 26, 2021

PEO’s help businesses become more efficient by offering experience in HR, payroll, and business efficiency systems. PEO’s help clients manage time efficiently by outsourcing HR to multiple service providers, creating operational efficiency, reducing risk, and maximizing talent utilization.

Co-Sourcing 52

Co-Sourcing Payroll Insurance Administrative 52

Obobo

MARCH 19, 2023

Implementing an effective Contract Management Lifecycle helps organizations effectively manage risks, achieve better financial outcomes, and ensure that contracts are in compliance with regulatory requirements. One of the primary reasons is that it helps businesses mitigate legal and financial risks.

Management 40

Management Reduced Costs Efficiency Regulations 40

Magellan Solutions

AUGUST 26, 2021

How SME Can Improve Their Data Governance Through Data Management Outsourcing. Data governance means planning, oversight, and control over management of data and the use of data and data-related sources. . This goes hand in hand with data management. Increased efficiency with the capabilities to reuse processes and data.

Government 52

Government BPO Data Entry Business Process Outsourcing 52

Capgemini

APRIL 3, 2024

ChatGPT and DALL-E have been adopted worldwide to improve efficiency and tap into previously unexplored solutions. But as is often the case, technological developments come with an equal share of opportunities and risks. The regulations on GPAIs therefore concern Large Language Models’ AI as well as all other types of Generative AI.

Regulations 52

Regulations Out-Tasking Research Engineering 52