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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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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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History of BPO: Past, Present and The Future

Offshore India Data Entry

This diversification has enabled companies to streamline operations, reduce costs, and improve efficiency. This growth is driven by the increasing demand for outsourcing business processes, as companies seek to improve efficiency, reduce costs, and enhance customer experience. from 2020 to 2028.

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Insider’s Guide: Hiring the Best Software Development Outsourcing Service

Groove Technology

Cost Savings: Financial benefits are a significant driver for outsourcing. Outsourcing companies, particularly those in developing countries, tend to have lower operating costs. They can provide services at a reduced price compared to maintaining an in-house team, without compromising on quality.

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Software Outsourcing Unlocking the Potential of Custom Software Development

Groove Technology

With a rapidly growing demand for custom software development, outsourcing has proven to be a game-changer for companies looking to expand their technical capabilities, reduce costs, and accelerate time-to-market. Offshore development centers in countries with lower labor costs offer competitive rates without compromising quality.

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Improving supply chain resiliency in the industrial sector

IBM Business Partners

Facts about supply chains in the industrial sector According to research and surveys from Advanced Tech , Forbes , McKinsey , and S&P Global : Lead times on semiconductor fab equipment have extended to 10-14 months, and for some components lead times are 2 years.

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Offshoring vs Outsourcing: Benefits and Helpful Tips

Magellan Solutions

These regions offer a talented and cost-effective workforce, making them ideal for companies looking to maximize efficiency and reduce costs. They turned to an innovative startup in Ukraine regarding advanced research and development for home security systems.