IBM Services

JANUARY 30, 2024

Finance: Optimized for high-speed transactions and can assist in providing robust security, harnessing AI for fraud detection and real-time risk management. Healthcare: Support telemedicine and patient data analytics, requiring stringent compliance regulations.

E-Commerce 77

E-Commerce Analytics Manufacturing Flexibility 77

Obobo

FEBRUARY 13, 2023

Through offshoring, employers are able to reduce costs and enhance their competitive market position. It can involve activities such as manufacturing, customer service, software and web development, finance, and more. For many companies, offshoring enables them to reduce costs and increase their competitive market position.

Offshoring 40

Offshoring Reduced Costs Regulations Manufacturing 40

Intugo

JUNE 2, 2023

If you want to reduce costs and positively impact the project, access to Intugo’s rigorous contracting processes is crucial. Reduce costs Cost reduction is one of the most apparent benefits of nearshore software development in Mexico. Intugo has access to a robust talent pool to meet these challenges.

Nearshoring 52

Nearshoring Software Reduced Costs Out-Tasking 52

Offshore India Data Entry

APRIL 19, 2024

Outsourcing has revolutionized the way businesses operate, offering a strategic solution to streamline processes, reduce costs, and boost efficiency. Back-Office Outsourcing: This category encompasses internal business functions, such as human resources or finance. Q4: Is outsourcing suitable for all types of businesses?

Business Process Outsourcing 98

Business Process Outsourcing Outsourcing BPO Data Entry 98

Accenture Insurance

NOVEMBER 20, 2014

Low interest rates, increased competition, sales channel pressures, legacy technology and proliferating regulations are all putting insurers under pressure to reduce costs and increase operating efficiencies. Enabling Agile Insurance Finance and Risk through Shared Services Part 1: The Pressure is on for Insurance CFOs.

Insurance 40

Insurance Shared Services Finance Reduced Costs 40

Obobo

MARCH 20, 2023

Procurement policies can take many forms, but they all have three main goals: reducing costs, meeting customer needs, and protecting the environment. They can help organizations manage their resources more effectively, improve decision-making and reduce risks. Procurement policies also help to avoid ethical violations.

Reduced Costs 40

Reduced Costs Regulations Finance Healthcare 40

Magellan Solutions

FEBRUARY 15, 2024

With rising costs and complex regulations overwhelming healthcare providers, partnering with overseas business process outsourcing (BPO) companies has become a strategic necessity. The partnership enabled Cigna to scale its operations and reduce costs while maintaining quality. This optimizes revenue cycles.

Call Center 52

Call Center Healthcare Outsourcing Insurance 52

Infosys Consulting

OCTOBER 18, 2023

Yet, in the next five years, big data and machine learning will grow exponentially, especially in the following areas: Marketing, operations, finance, and healthcare. Finance Financial organizations can enhance risk management, fraud detection, and compliance with the aid of big data and machine learning.

Healthcare 52

Healthcare Banking Finance Streamline Operations 52

Groove Technology

MAY 25, 2023

From sales and marketing to finance and supply chain management, organizations rely on data to make critical decisions. With MuleSoft, businesses can streamline their operations, reduce costs, and improve efficiency by seamlessly integrating their data and applications.

Management 100

Management Supply Chain Management Sourcing Collaborations 100

Velocity Global

MAY 25, 2021

HR, finance, and legal teams must exhaustively research local labor laws to ensure they compliantly pay their independent contractors. When teams don’t have the time or expertise to understand market-specific regulations, they risk misclassifying workers as independent contractors rather than employees. Benefit Three: Cost Savings.

Payroll 52

Payroll Automation Reduced Costs Finance 52

SIG Speaks

MAY 16, 2023

Crowdsourcing will play a much more significant role in business due to a lack of highly specialized labor (in the STEM fields specifically) and corporate desire to reduce costs in procurement. I graduated with honors from the University of Kentucky’s Gatton School of Business in 2022 and received a degree in management and finance.

Sourcing 40

Sourcing Strategic Sourcing Engineering Regulations 40

Magellan Solutions

MARCH 19, 2024

Effective HR practices can attract and keep top talent, while solid accounting and finance processes ensure accurate financial reporting and compliance. This approach offers many benefits, including cost-effectiveness and flexibility, compared to the traditional employment of full-time staff.

Out-Tasking 52

Out-Tasking Human Resources Data Entry Administrative 52

IBM Services

FEBRUARY 9, 2024

According to a recent IBM survey of over 1,000 employees at enterprise-scale companies , the top three factors driving AI adoption were advances in AI tools that make them more accessible, the need to reduce costs and automate key processes and the increasing amount of AI embedded into standard off-the-shelf business applications.

Right-Sizing 102

Right-Sizing Out-Tasking Sourcing Research 102

Zinnov

OCTOBER 26, 2023

The world is shifting ever dynamically across technology, regulations, and talent availability, making it all the more critical to de-risk businesses than ever before. Global Capability Centers also ensure accelerated innovation and business continuity, while reducing costs and risks.

Flexibility 52

Flexibility Global Business Services Finance Regulations 52

Velocity Global

APRIL 28, 2023

Organizations can adapt new technologies and equipment processes for competitive innovation and cost-cutting strategies domestically and abroad. Reduce Costs of Doing Business The global marketplace offers cost savings relative to a company’s domestic market.

Payroll 97

Payroll Regulations Marketing Reduced Costs 97

Capgemini

NOVEMBER 30, 2022

To successfully make this data journey, finance has become a leading sector in terms of building data ecosystems. Privacy is not just about the technology and the government’s regulations or the processes,” Parmar says. “A But more importantly, it lays the foundation for innovation.

Service 52

Service Finance Risk Management Risk Management 52

Obobo

OCTOBER 11, 2022

This leads to faster turnaround times and reduced costs. Enhanced Compliance – E-procurement systems can also help to improve compliance with procurement regulations. By ensuring that all purchase requests and approvals are tracked and recorded electronically, you can help to reduce the risk of regulatory violations.

Software 64

Software Reduced Costs Out-Tasking Automation 64

Obobo

MARCH 19, 2023

Effective Enterprise Contract Management, therefore, is critical for ensuring compliance with regulations, optimizing contractual performance, mitigating risks, and achieving greater transparency and accountability. Importance of ECM in managing risks, reducing costs, and increasing efficiency in contract management.

Management 40

Management Finance Healthcare Pharmaceuticals 40

IBM Services

JANUARY 11, 2024

Reduced costs: According to IBM’s recent Cost of Data Breach Report , the average cost of a data breach last year was USD 4.45 Enhanced compliance capabilities: Many successful businesses operate in heavily regulated sectors like healthcare and personal finance.

Right-Sizing 100

Right-Sizing Regulations Cybersecurity Software 100

Velocity Global

JUNE 10, 2022

For international companies, outsourcing payroll ensures their global payroll processes follow local laws and financial regulations. Ensuring compliance with all government payroll regulations. Providing HR and finance support. By outsourcing international payroll to a partner provider, a company can: Reduce Costs.

Payroll 52

Payroll Outsourcing Regulations Automation 52

Capgemini

JUNE 16, 2023

in 2023, held last month at the Capgemini Innovation suite in New York City, was attended not only by annuity providers and wealth management advisors, but by regulators, rating firms, start-ups, and distribution arms to discuss these hard topics. Retirement is about finance, but also about health, education, and a life of purpose.

Insurance 52

Insurance Administrative Regulations Reduced Costs 52

Globalization Partners

MARCH 10, 2022

As remote-first companies have dispersed teams, HR departments must deal with international tax, compliance, and legal regulations — which is an added challenge for this working model. Even if these companies do have a physical office, they don’t need a big space to fit all the workforce in a single place daily, reducing costs.

Reduced Costs 98

Reduced Costs Flexibility Out-Tasking Jobbing 98

Automation Anywhere

JUNE 30, 2021

By replacing legacy automation tools and automating the remaining repetitive manual tasks, RPA is helping IT Ops significantly reduce costs while increasing the quality of service that IT provides users. Robotic Process Automation (RPA) is changing all that.

Robotics Process Automation 97

Robotics Process Automation Out-Tasking Automation Software 97

Everest Group

FEBRUARY 2, 2023

Blockchain also is being used through Decentralized Finance (DeFi) and Decentralized Apps (DApps). This can save money on transaction processing, leading to lower operating costs. Blockchain allows banks to automate their back-office operations and reduce manual errors, which can result in significant savings for businesses.

Banking 98

Banking Service Right-Sizing Automation 98

Planergy Software

OCTOBER 18, 2023

Businesses can ensure that employees comply with internal and external regulations by centralizing the travel booking process and establishing clear procedures. This reduces the risk of non-compliance penalties and enhances the overall company reputation. download a free copy of our guide 3.

Finance 52

Finance Reduced Costs Management Risk Management 52

Designveloper

OCTOBER 1, 2021

finance, healthcare, or government) whose data is highly sensitive should choose hybrid cloud architectures. Besides, they can obtain more flexibility of public clouds when scaling up or down less regulated computing projects, whereas meeting industry standards of keeping some confidential data on-premises. . Industries (e.g.

Administrative 96

Administrative Out-Tasking Finance Cybersecurity 96

IBM Services

JANUARY 19, 2024

Reducing costs: According to IBM’s recent Cost of Data Breach Report , the average cost of a data breach in 2023 was USD 4.45 million—a 15% increase over the last 3 years.

Cybersecurity 97

Cybersecurity Reduced Costs Outsourcing Out-Tasking 97

MicroAgility

JUNE 30, 2022

It will fundamentally transform the existing operating models of finance and economy, which might lead to a new round of technological innovations and industrial transformation within the FinTech industry. Transfer of value in large and small increments without an intermediary will dramatically reduce cost and speed up the payment.

Service 52

Service Banking Finance Insurance 52

IBM Services

JANUARY 24, 2024

Modern designs and advanced technologies have enabled data centers to significantly reduce energy consumption and cooling requirements, both of which can help lower energy costs and the environmental impact. But the cost of running inefficient workloads is often more than expected.

Flexibility 64

Flexibility Software Efficiency Reduced Costs 64

Velocity Global

FEBRUARY 18, 2022

HR, finance, and legal teams must exhaustively research local labor laws to ensure they compliantly pay their contractors. When teams don’t have the time or expertise to understand market-specific rules, they risk running afoul of regulators. Benefit Four: Cost Savings.

Automation 59

Automation Payroll Reduced Costs Out-Tasking 59

Amzur

JANUARY 10, 2024

With the proliferation of data and technological maturity across industries, AI implementation has become a lynchpin in bringing new levels of automation, consistency, scalability, and reduced costs. Accounting and Finance (A&F) Operations Automation: A&F operations involve a lot of human intervention and tedious tasks.

Data Entry 103

Data Entry Right-Sizing Robotics Process Automation Automation 103

IBM Business Partners

JUNE 26, 2023

To address this waste, consider implementing FinOps (Finance + DevOps). This cloud financial management practice is a way for cross-functional teams—like Engineering, Finance and Product—to work together and take ownership of cloud usage. The result: reduced costs, less waste and documented ROI for your automation efforts.

Automation 53

Automation Finance Software Streamline Operations 53

Groove Technology

JULY 7, 2023

Offshore software development has become an increasingly popular strategy for businesses looking to optimize their operations, reduce costs, and tap into global talent pools. The government has implemented legislation and regulations to safeguard confidential information, trade secrets, and copyright.

Offshoring 100

Offshoring Software Collaborations E-Commerce 100

Planergy Software

JANUARY 12, 2023

Supplier tiering also helps reduce costs by eliminating inefficient or unnecessary processes in the supply chain. Companies should aim to form relationships with suppliers that uphold ethical standards and regulations to avoid becoming complicit in any wrongdoing by association. What Are Supplier Tiers? Tier 1 Suppliers.

Supply Chain Management 52

Supply Chain Management Regulations Manufacturing Finance 52

IBM Services

FEBRUARY 6, 2024

Reduced costs from unplanned events: Cyber and disaster recovery can be expensive, with critical assets like employees, data and infrastructure being threatened. Stronger compliance: Heavily regulated sectors like healthcare and personal finance levy large financial penalties when customer data is breached.

Right-Sizing 95

Right-Sizing Cybersecurity Software Reduced Costs 95

Planergy Software

MARCH 29, 2022

This step can make or break an organization’s ability to understand its data better and leverage it to maximize profitability, reduce cost, and create value for shareholders. We’ve helped save billions of dollars for our clients through better spend management, process automation in purchasing and finance, and reducing financial risks.

Analytics 52

Analytics Accounting Finance Strategic Sourcing 52

Obobo

MARCH 19, 2023

An effective contract management system should also include a workflow feature that automates the approval and signing process, reducing administrative overhead. As industry expert Gary Savoy notes, “A contract management system can help organizations reduce costs, increase efficiency, and mitigate legal risk.”

Management 40

Management Automation Regulations Out-Tasking 40