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

Groove Technology

With the advent of technology and global connectivity, these services can be sourced from anywhere around the world, enabling businesses to leverage global talent and expertise. Cost Savings: Financial benefits are a significant driver for outsourcing. Transparent Operations: Trust plays a vital role in any outsourcing relationship.

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Turning Good into Great: 10 Reasons to Outsource Customer Service

Mattsen Kumar

As organizations grow, outsourcing customer service has become necessary to ensure customer satisfaction. The expansion of organizations brings forth new challenges that require the expertise of a skilled customer service team to provide optimal solutions.

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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.

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5G Engineering Services PEAK Matrix® Assessment 2023: The Next Frontier in the Hyperconnected Era

Everest Group

5G Engineering Services PEAK Matrix® Assessment 5G’s lower latency and higher bandwidth have unlocked newer uses for enterprises to explore. Additionally, 5G adoption is allowing the transformation of network infrastructure to make it quickly scalable, driving higher levels of customization and lower operating costs.