The Hackett Group (HCKT) News
Market Cap: $714.95M
Avg Volume: 127.33K
Industry: Information Technology Services
Sector: Technology
The Hackett Group Launches Gen AI-Focused Executive Advisory Program for Enterprises
MIAMI--(BUSINESS WIRE)---- $HCKT #CIO--The Hackett Group, Inc. – (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today announced the launch of its Gen AI Executive Advisory Program. This new premium program is designed to accelerate and enhance an organization's overall Gen AI initiatives through an advisor-led approach. The program expands The Hackett Group's Executive Advisory capabilities and leverages the latest AI ideation through i.
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The Hackett Group: HR Leaders Rapidly Adopting Gen AI to Advance Human Capital Objectives
MIAMI--(BUSINESS WIRE)---- $HCKT #ai--The Hackett Group, Inc. (NASDAQ: HCKT), a leading Gen AI strategic consultancy and executive advisory firm, today announced findings from its 2025 Key Issues Study, revealing that human resources leaders are rapidly adopting generative AI (Gen AI) to advance human capital objectives. Sixty-six percent of human resources (HR) organizations are already using AI-powered tools in some capacity. Yet, HR workloads are set to rise by 10% in 2025 while budgets shrink by 1.5% and.
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The Hackett Group: 64% of Procurement Leaders Say AI Will Transform Their Jobs
MIAMI--(BUSINESS WIRE)---- $HCKT #ai--The Hackett Group, Inc. (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today released findings from its 2025 Key Issues Study, revealing that AI is rapidly redefining procurement. Indeed, 64% of procurement leaders expect AI and Gen AI to transform their roles within five years. Despite this shift, procurement faces a critical challenge: workloads are projected to increase by 10% in 2025, while bud.
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The Hackett Group, Inc. Invites You to Participate in the 2025 First Quarter Earnings Conference Call on Tuesday, May 6, 2025
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. invites you to participate in the 2025 First Quarter Earnings Conference Call on Tuesday, May 6, 2025.
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The Hackett Group: Report Reveals GBS AI Adoption Accelerating, With 63% Seeing Early Gains
MIAMI--(BUSINESS WIRE)---- $HCKT #ai--The Hackett Group, Inc. (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today released findings from its 2025 Key Issues Study, revealing that global business services (GBS) organizations are rapidly advancing their AI adoption. In 2024, 42% of GBS organizations piloted Gen AI, and 63% of these early adopters reported measurable gains in productivity, cost savings, and service quality. With AI's tra.
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The Hackett Group: 89% of Executives Fast-Tracking Gen AI to Drive Enterprise Performance
MIAMI--(BUSINESS WIRE)---- $HCKT #ai--The Hackett Group, Inc. (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today released findings from its 2025 Key Issues Study, revealing that 89% of executives are accelerating Gen AI initiatives – up from just 16% last year. This surge reflects a pivotal shift from exploration to acceleration, as enterprises fast-track Gen AI to achieve their top business goals. Gen AI is reshaping business – but.
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The Hackett Group: Supply Chain AI Adoption Rising Amid Economic Pressures
MIAMI--(BUSINESS WIRE)---- $HCKT #genai--The Hackett Group, Inc. (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, released findings from its 2025 Key Issues Study, revealing how AI is poised to reshape supply chains. Approximately 50% of supply chain leaders are testing Gen AI, yet full-scale deployment remains nascent. As economic uncertainty and cost pressures mount, supply chain executives must act now to accelerate AI-driven transformat.
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Finance Efficiency and AI Success Start With Data Quality: Hackett Reveals Top Master Data Management (MDM) Providers
MIAMI--(BUSINESS WIRE)---- $HCKT #financetransformation--The Hackett Group, Inc. (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, has released its latest Digital World Class® Matrix, focusing on the MDM software marketplace. The report reveals leading vendors in the space and examines the critical relationship between Gen AI and MDM and governance. Improving data standards has a transformational impact on finance organizations, driving a 3X increase in sta.
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The Hackett Group, Inc. (HCKT) Q4 2024 Earnings Call Transcript
The Hackett Group, Inc. (NASDAQ:HCKT ) Q4 2024 Earnings Conference Call February 18, 2025 5:00 PM ET Company Participants Rob Ramirez - Chief Financial Officer Ted Fernandez - Chairman & Chief Executive Officer Conference Call Participants George Sutton - Craig-Hallum Jeff Martin - ROTH Capital Partners Vincent Colicchio - Barrington Research Operator Welcome to The Hackett Group Fourth Quarter Earnings Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session.
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Hackett Group (HCKT) Q4 Earnings and Revenues Surpass Estimates
Hackett Group (HCKT) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.39 per share a year ago.
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The Hackett Group Announces Fourth Quarter 2024 Results
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), an IP platform-based, Gen AI strategic consulting and executive advisory firm that enables Digital World Class® performance, today announced its financial results for the fourth quarter, which ended on December 27, 2024. “We reported operating results that exceeded our revenue and adjusted earnings per share guidance while aggressively investing and growing our Gen AI related capabilities and revenues, respectively. More importantl.
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The Hackett Group® Recognizes Employ as a Top Performer in its Talent Acquisition Software Provider Matrix™ 2025
DENVER, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Employ Inc., a leading provider of people-first recruiting and talent acquisition solutions including JazzHR, Lever and Jobvite, today announces its inclusion in the Hackett Group® Digital World Class® Matrix focused on the talent acquisition software marketplace. The Talent Acquisition Digital World Class® Matrix provides an in-depth guide to some of the biggest talent acquisition technology providers and how their solutions impact companies' operations, recruiting effectiveness, and ultimately the success of the workforce.
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The Hackett Group, Inc. Invites You to Participate in the 2024 Fourth Quarter Earnings Conference Call on Tuesday, February 18, 2025
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) today announced that it will release financial results for the fourth quarter ended December 27, 2024 on Tuesday, February 18, 2025 after the close of regular market hours. Following the release, senior management will discuss fourth quarter results in a conference call at 5:00 P.M. ET. The number for the conference call is (800) 593-0486, [Passcode: Fourth Quarter]. For International callers, please dial (517) 308-9371. Please dial.
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Hackett Group Rises On Gen AI Promise, But Results Don't Budge
Hackett Group reported Q3 2024 results, beating revenue and earnings estimates, but revenue growth remains modest and earnings stable. The digital transformation consulting market is projected to grow significantly, driven by cloud migration and generative AI technologies, presenting opportunities and challenges for Hackett. Hackett's financials show moderate revenue growth, stable earnings, and strong free cash flow, but increased expenses and competition pose challenges.
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Hackett: Digital World Class® HR Teams Double Technology Investment and Serve 65% More Employees per HR Staff
MIAMI--(BUSINESS WIRE)--According to new research from The Hackett Group, Inc. (NASDAQ: HCKT), Digital World Class® human resources (HR) organizations have continued to establish their leadership through notable efficiency improvements and strategic investments in technology. These advancements have resulted in significantly lower labor costs, increased productivity and a robust foundation for the successful integration of generative artificial intelligence (Gen AI), projected to enhance HR eff.
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The Hackett Group Announces Joint Employee Learning Award
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), bp and Thought Industries have been jointly recognized by the Brandon Hall Group – the human capital management research firm – for the development and execution of bp's employee learning certification program. The award honors certification programs designed to support competency and/or skill development within an organization, and improve employee retention and promotion rates. “We are delighted to be able to celebrate this award.
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The Hackett Group, Inc. (HCKT) Q3 2024 Earnings Conference Call Transcript
The Hackett Group, Inc. (NASDAQ:HCKT ) Q3 2024 Earnings Conference Call November 4, 2024 5:00 PM ET Company Participants Rob Ramirez - CFO Ted Fernandez - Chairman, CFO Conference Call Participants George Sutton - Craig Hallum Jeff Martin - ROTH Capital Partners Vincent Colicchio - Barrington Research Operator Welcome to The Hackett Group Third Quarter Earnings Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session.
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Hackett Group (HCKT) Surpasses Q3 Earnings and Revenue Estimates
Hackett Group (HCKT) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.41 per share a year ago.
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Long-Term Tech Investments Position Top Finance Organizations to Extract Maximum Value From AI, Extending Market Advantage
MIAMI--(BUSINESS WIRE)--Generative artificial intelligence (Gen AI) is reshaping the finance landscape, disrupting traditional operations and pushing the boundaries of what's possible. As finance organizations face increasing pressure to increase innovation and cut costs, Digital World Class® organizations are uniquely positioned to leverage Gen AI to foresee the future and uncover new opportunities for faster transformation. The latest research from The Hackett Group, Inc. (NASDAQ: HCKT) revea.
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The Hackett Group, Inc. Invites You to Participate in the 2024 Third Quarter Earnings Conference Call on Monday, November 4, 2024
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. invites you to participate in the 2024 Third Quarter Earnings Conference Call on Monday, November 4, 2024.
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Hackett Unveils Game-Changing AI XPLR 2.0 Platform at Gen AI Breakthrough Conferences
LONDON--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) is proud to announce the launch of its highly anticipated AI XPLR™ 2.0 platform at its Gen AI Breakthrough Conferences in London (October 9-10) and Atlanta (October 13). This next-generation AI platform introduces a groundbreaking set of features designed to transform how businesses harness Gen AI for breakthrough impact. AI XPLR 2.0 represents a major leap forward in Gen AI innovation, bringing new tools and capabilities to help e.
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Long-Term Investment in Procurement Technology Lays the Foundation for Gen AI Adoption
MIAMI--(BUSINESS WIRE)--According to new research from The Hackett Group, Inc. (NASDAQ: HCKT), Digital World Class® procurement organizations can expect staff productivity to increase by 54% and process costs to be cut by 47% with the adoption of generative artificial intelligence (Gen AI). Procurement operating costs for typical companies have continued to escalate in the face of ongoing supply disruptions, inflation and new compliance requirements. However, due to their consistent focus on pr.
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The Hackett Group Announces 2024 Digital Award Winners
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) today announced the winners of its 11th Annual Digital Awards, which spotlight companies on the cutting edge of digital transformation. These companies have successfully hyper-automated a wide range of end-to-end business processes through their creative application of intelligent automation, advanced analytics and artificial intelligence (AI). The 2024 Digital Award winners and their win categories are: 3M (Order-to-Cash), MTN Grou.
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The Hackett Group Recognized as Regional Partner of the Year (EMEA) by Coupa
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) is delighted to announce it has been named Coupa EMEA Partner of the Year. This recognition honors The Hackett Group's EMEA Coupa implementation team for their outstanding performance in driving project execution and the most successful go-lives over the past year. “This achievement was made possible by the exceptional dedication of our team who consistently prioritized our clients' needs and focused on delivering tangible value, ra.
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The Hackett Group, Inc. (HCKT) Q2 2024 Earnings Call Transcript
The Hackett Group, Inc. (HCKT) Q2 2024 Earnings Call Transcript
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Hackett Group (HCKT) Surpasses Q2 Earnings and Revenue Estimates
Hackett Group (HCKT) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.39 per share a year ago.
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The Hackett Group Announces Second Quarter 2024 Results
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), a leading Gen AI strategic consultancy and executive advisory firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the second quarter, which ended on June 28, 2024. Financial Highlights Total revenue in the second quarter of 2024 was $77.7 million and revenue before reimbursements was $75.9 million, which exceeded the high end of our guidance. This compares to total.
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The Hackett Group, Inc. Invites You to Participate in the 2024 Second Quarter Earnings Conference Call on Tuesday, August 6, 2024
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. invites you to participate in the 2024 Second Quarter Earnings Conference Call on Tuesday, August 6, 2024.
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HCM Digital World Class Matrix™ Identifies Software Innovations and Leading Providers
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), released its first Digital World Class Matrix™ focused on the human capital management (HCM) software market – a growing segment of the human resources (HR) technology landscape – driven by technology innovation and increasing HR demands. Optimizing HR processes and predictively analyzing workforce trends are critical to the successful operation of businesses of all sizes. While the “great resignation” is over, employee engagement.
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Hackett Fully Integrates Leading-Edge Gen AI Ideation-to-Implementation Insights Into Its Executive Advisory Programs
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) has fully integrated leading-edge generative artificial intelligence (Gen AI) data and insights from its recent in-depth conversations with hundreds of leading global companies and its groundbreaking AI XPLR™ platform into its Executive Advisory membership programs. AI XPLR empowers executives with critical insight on how to develop comprehensive plans to fully capture and deploy their Gen AI opportunities. It also allows The Hacket.
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New Multi-Process Human Resources Outsourcing (MPHRO) Vendor Research Reveals Organizations Are Not Fully Using Digital Capabilities
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), released their first Digital World Class Matrix™ focusing on MPHRO vendors – a market undergoing unprecedented transformation. As chief HR officers (CHROs) increasingly grapple with challenges like insufficient budgets, data management inconsistencies and the shortage of experienced talent, more and more are looking to MPHRO for support. Three factors are driving value from MPHRO vendors: increased innovation and adoption of digita.
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Jade Global is Now HIPAA Compliant
SAN JOSE, Calif.--(BUSINESS WIRE)--Jade Global, a leading Silicon Valley-based Enterprise Technology services partner, is now HIPAA (Health Insurance Portability and Accountability Act) compliant. Jade Global's projects in the healthcare domain will follow the set HIPAA guidelines, which means that applicable security controls to protect PHI (Protected Health Information) and ePHI will be implemented in these projects. "We are thrilled to announce our HIPAA compliance, underscoring our commitme.
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The Hackett Group Recognized as the 2024 Finance Transformation Award Winner by OneStream Software
MIAMI--(BUSINESS WIRE)--Today, The Hackett Group, Inc. (NASDAQ: HCKT), an IP-based Gen AI strategic consulting and executive advisory firm that enables Digital World Class® performance, is pleased to announce it has been honored with OneStream Software's prestigious Finance Transformation Award at this year's OneStream Splash event in Las Vegas, NV. This award recognizes The Hackett Group's exceptional work in transforming the financial operations at Pella, a leading manufacturer of windows and.
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The Hackett Group, Inc. (HCKT) Q1 2024 Earnings Call Transcript
The Hackett Group, Inc. (NASDAQ:HCKT ) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Ted Fernandez - Chairman and Chief Executive Officer Rob Ramirez - Chief Financial Officer Conference Call Participants Jeff Martin - ROTH Capital Partners Vincent Colicchio - Barrington Research Operator Welcome to The Hackett Group First Quarter Earnings Conference Call. [Operator Instructions] Please be advised the conference is being recorded.
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Hackett Group (HCKT) Q1 Earnings and Revenues Surpass Estimates
Hackett Group (HCKT) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.37 per share a year ago.
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The Hackett Group Announces First Quarter 2024 Results
MIAMI--(BUSINESS WIRE)--The Hackett Group Announces First Quarter 2024 Results.
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The Hackett Group, Inc. Invites You to Participate in the 2024 First Quarter Earnings Conference Call on Tuesday, May 7, 2024
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. invites you to participate in the 2024 First Quarter Earnings Conference Call on Tuesday, May 7, 2024.
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HCKT vs. ACN: Which Stock Is the Better Value Option?
Investors with an interest in Consulting Services stocks have likely encountered both Hackett Group (HCKT) and Accenture (ACN). But which of these two companies is the best option for those looking for undervalued stocks?
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Is The Hackett Group (HCKT) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Billtrust Recognized as Defining "Digital World Class®" Performance by The Hackett Group®
Customer-to-Cash Receivables Creation Software Category Matrix Identifies Billtrust as Top Performer in Customer Billing/EIPP Software HAMILTON TOWNSHIP, N.J. , April 3, 2024 /PRNewswire/ -- Billtrust, a B2B order-to-cash and digital payments market leader, today announced it has been recognized as a leading provider for Customer Billing/Electronic Invoice Presentment and Payment Software in The Hackett Group's new Digital World Class Matrix™ for Customer-to-Cash (C2C) Receivables Creation Software.
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HCKT or ACN: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the Consulting Services sector have probably already heard of Hackett Group (HCKT) and Accenture (ACN). But which of these two stocks is more attractive to value investors?
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FIS Recognized as a Digital World-Class Vendor by the Hackett Group
JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS has been named as a Digital World Class™ Vendor for Credit Management by the Hackett Group.
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The Hackett Group® Recognizes Esker as Digital World Class® Provider in Customer-to-Cash Receivables Creation Software
LYON, France & MIDDLETON, Wis.--(BUSINESS WIRE)--The Hackett Group's recognition highlights Esker's commitment to optimizing C2C processes and its leadership in AI-driven process automation solutions.
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Should Value Investors Buy The Hackett Group (HCKT) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Here is Why Growth Investors Should Buy Hackett Group (HCKT) Now
Hackett Group (HCKT) is well positioned to outperform the market, as it exhibits above-average growth in financials.
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Hackett: HR Organizations Feeling Increased Pressure in the Face of Global Uncertainty
MIAMI--(BUSINESS WIRE)--As companies face significant uncertainty, including the potential for stalled global economic growth, high interest rates and possible labor and skills shortages, human resources (HR) teams expect to feel increased pressure, including a growing workload and the need to enable the success of business stakeholders, according to new HR Key Issues research from The Hackett Group, Inc. (NASDAQ: HCKT). HR leaders also see generative AI (Gen AI) and other technologies as key t.
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The Hackett Group: New Enterprise Performance Management Software Provider Study Finds Modern Cloud-Based Software Delivers Far Greater Value Realization Than Legacy Systems
MIAMI--(BUSINESS WIRE)--Today's modern, cloud-based enterprise performance management (EPM) software delivers dramatically greater value realization than legacy solutions, according to new EPM Digital World Class Matrix™ research from The Hackett Group, Inc. (NASDAQ: HCKT). The research found that customer requirements are one factor driving vendor innovation, and integration of artificial intelligence (AI) is a clear focus of leading software providers in their efforts to deliver productivity.
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HCKT vs. ACN: Which Stock Should Value Investors Buy Now?
Investors interested in stocks from the Consulting Services sector have probably already heard of Hackett Group (HCKT) and Accenture (ACN). But which of these two stocks is more attractive to value investors?
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The Hackett Group, Inc. (HCKT) Q4 2023 Earnings Call Transcript
The Hackett Group, Inc. (HCKT) Q4 2023 Earnings Call Transcript
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The Hackett Group Announces Fourth Quarter 2023 Results
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), a leading benchmarking, executive advisory and strategic consultancy firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the fourth quarter, which ended on December 29, 2023. Financial Highlights Total revenue in the fourth quarter of 2023 was $72.4 million and revenue before reimbursements was $71.2 million, which exceeded the high end of our guidance. This compare.
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Hackett: Procurement Renews Focus On Cost Reduction as its Top Priority
MIAMI--(BUSINESS WIRE)--Improving spend cost reduction has taken over the top priority spot for procurement executives for the coming year, as companies face concerns over their ability to continue to grow revenue, high interest rates, fears of recession, and the potential for labor and skill shortages, according to new Procurement Key Issues research from The Hackett Group, Inc. (NASDAQ: HCKT). Procurement leaders are also actively evaluating how generative AI (Gen AI) can help them improve bo.
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The Hackett Group: New Customer-to-Cash Receivables Creation Research Highlights the Ability of Top-rated Software Providers to Deliver Greater Value Realization
MIAMI--(BUSINESS WIRE)--A new Digital World Class Matrix™ analysis and ranking of 18 leading customer-to-cash (C2C) receivables creation software providers by The Hackett Group, Inc. (NASDAQ: HCKT) finds that the market contains both mature, well-established software providers and new entrants. The research found that leaders deliver far greater value and breadth of capabilities than other software providers, which translated to exceptionally high customer satisfaction. The research found that.
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Hackett: Finance Leaders See Cost Containment and Cash Flow Optimization as Top Priorities for 2024
MIAMI--(BUSINESS WIRE)--Cost containment and cash flow optimization have jumped to the top of the priority list for finance leaders for 2024, in response to an uncertain economic outlook, potential for slowing or stalling of global growth, and the unprecedented confluence of inflationary price increases, rising interest rates, supply market challenges, and geopolitical instability, according to new Finance Key Issues research from The Hackett Group, Inc. (NASDAQ: HCKT). Finance leaders will als.
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The Hackett Group, Inc. Invites You to Participate in the 2023 Fourth Quarter Earnings Conference Call on Tuesday, February 20, 2024
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. invites you to participate in the 2023 Fourth Quarter Earnings Conference Call on Tuesday, February 20, 2024.
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The Hackett Group: New FAO Service Provider Research Finds Wealth of Mature, Well-Established Solutions
MIAMI--(BUSINESS WIRE)--A new Hackett Value Matrix™ analysis of 15 leading finance and accounting outsourcing (FAO) service providers by The Hackett Group, Inc. (NASDAQ: HCKT) finds that the market contains many mature and well-established service providers that deliver comparable levels of value realization and breadth of capabilities. The research recommends that companies seek assistance from expert advisors in the selection process to help them identify the partner(s) that best address thei.
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The Hackett Group Launches Ai XPLR: A Pioneering Gen AI Readiness and Opportunity Assessment
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), a leading benchmarking, executive advisory and strategic consultancy, has launched Ai XPLR™, a readiness and opportunity assessment that leverages the extensive proprietary benchmark database of The Hackett Group® to enable companies to quickly and comprehensively identify opportunities to harness artificial intelligence (AI) across key business services domains, including finance, procurement, human resources and global business s.
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The Hackett Group, Inc. (HCKT) Q3 2023 Earnings Call Transcript
The Hackett Group, Inc. (NASDAQ:HCKT ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Rob Ramirez - Chief Financial Officer Ted Fernandez - Chairman and Chief Executive Officer Conference Call Participants Jeff Martin - Roth MKM Operator Welcome to The Hackett Group Third Quarter Earnings Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session.
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The Hackett Group Announces Third Quarter 2023 Results
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), a leading benchmarking, executive advisory and strategic consultancy firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the third quarter, which ended on September 29, 2023. Financial Highlights Total revenue in the third quarter of 2023 was $75.9 million and revenue before reimbursements was $74.6 million, which was above the high end of our guidance. This compare.
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The Hackett Group: U.S. Companies See Worsening Performance Of Payables, Collections and Inventory in Q2 2023
MIAMI--(BUSINESS WIRE)--The largest U.S. companies saw their ability to extend payments to suppliers, collect from customers and manage inventory degrade in the first half of 2023, according to new working capital research from The Hackett Group, Inc. (NASDAQ: HCKT). The research provides further evidence of the trend that has been emerging over the past year – that buyers have lost leverage with suppliers and can no longer simply delay payments to improve their own balance sheet. Rising invent.
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The Hackett Group: Recurring Revenue And High Margins, Valuation Implying Upside
Hackett's revenue has grown at a CAGR of 4%, owing to positive industry tailwinds being partially offset by high competition. The company has achieved an impressive improvement in margins, owing to a repositioning strategy to focus on recurring revenue / high-margin services. We believe margin improvement is sustainable, although it is not clear if revenue growth will improve, given that economic weakness is weighing on the company.
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The Hackett Group, Inc. invites you to participate in the 2023 Third Quarter Earnings Conference Call on Tuesday, November 7, 2023
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. invites you to participate in the 2023 Third Quarter Earnings Conference Call on Tuesday, November 7, 2023.
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Hackett: Digital World Class Technology Organizations Deliver More Value, Greater Resilience While Spending 18% Less Than Peers
MIAMI--(BUSINESS WIRE)--Digital World Class® technology organizations deliver far greater value than their peers and are more resilient and better able to navigate uncertainty, while also spending 18% less and operating with 27% fewer staff, according to new research from The Hackett Group, Inc. (NASDAQ: HCKT). The Hackett Group® found that while typical companies have seen technology operating costs as a percentage of end-user equivalent increase by 23% over the past 10 years, Digital World Cl.
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The Hackett Group Announces 2023 Digital Award Winners
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) today announced the winners of its 10th Annual Digital Awards, which spotlight companies that are on the cutting edge of creating competitive advantage and delivering measurable benefits at scale using digital transformation solutions. These leaders often combine intelligent automation, advanced analytics and artificial intelligence (AI) to hyper-automate end-to-end business processes. The 2023 Digital Award winners and their win ca.
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Hackett: 2023 Brings Increasing Cost for HR But Greater Business Impact
MIAMI--(BUSINESS WIRE)--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. (NASDAQ: HCKT). Our elite HR performers – Digital World Class – continue to spend significantly less than their peers, while operating with fewer HR staff and delivering far more resiliency, employee productivity, greater business value, and improved operati.
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Hackett: Generative AI Will Drive Profound Reductions In SG&A Cost and Staffing -- Up to 40% Over the Next Five to Seven Years
MIAMI--(BUSINESS WIRE)--Generative artificial intelligence (AI) technologies will have a profound potential impact on selling, general and administrative (SG&A) costs and staffing, enabling reductions of up to 40% over the next five to seven years, according to new research from The Hackett Group, Inc. (NASDAQ: HCKT). The detailed analysis of current SG&A costs engaged proprietary performance benchmarks from The Hackett Group® to quantify for the first time the potential impact Generati.
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The Hackett Group Appears Fully Valued Here
The Hackett Group, Inc. provides strategic advisory and technology consulting services to enterprises worldwide. The company is experiencing slower revenue growth, and clients may delay discretionary spending due to macroeconomic uncertainty and rising interest rates. The Hackett Group appears to be fully valued, so I remain Neutral [Hold].
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The Hackett Value Matrix Quantifies the Value Realized From Purchase-to-Pay (P2P) Software Solutions Providers
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) today announced the availability of its purchase-to-pay (P2P) software solutions market intelligence research. The Hackett Value Matrix™ analyzes 10 leading P2P solutions providers in terms of their ability to deliver value, breadth of capability, solution maturity and actionable insight. Today's P2P solutions are a fundamental building block to enabling digital transformation for world-class organizations. These solutions transform.
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The Hackett Group, Inc. (HCKT) Q2 2023 Earnings Call Transcript
The Hackett Group, Inc. (NASDAQ:HCKT ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Rob Ramirez - Chief Financial Officer Ted Fernandez - Chairman & Chief Executive Officer Conference Call Participants Jeff Martin - ROTH MKM Vincent Colicchio - Barrington Research Operator Welcome to The Hackett Group Second Quarter Earnings Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session.
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Hackett Group (HCKT) Q2 Earnings and Revenues Surpass Estimates
Hackett Group (HCKT) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.38 per share a year ago.
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The Hackett Group Announces Second Quarter 2023 Results
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), a leading benchmarking, research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the second quarter, which ended on June 30, 2023. Financial Highlights Total revenue in the second quarter of 2023 was $77.1 million and revenue before reimbursements was $75.6 million, which was above the high end of our guidance. This compares to.
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Hackett: Procurement Operating Costs Increase For the First Time in a Decade
MIAMI--(BUSINESS WIRE)--Procurement operating costs at typical companies increased for the first time in more than a decade this year, in response to unprecedented uncertainty, including supply disruptions, inflationary pressures, and environmental, social, and governance initiatives, according to new Digital World Class® research from The Hackett Group, Inc. (NASDAQ: HCKT). Despite increases in year-on-year operating costs, Digital World Class procurement organizations excel at cost optimizati.
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The Hackett Group, Inc. Invites You to Participate in the 2023 Second Quarter Earnings Conference Call on Tuesday, August 8, 2023
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. invites you to participate in the 2023 Second Quarter Earnings Conference Call on Tuesday, August 8, 2023.
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Hackett Research: Inflation, Geopolitical Unrest, Other Factors Drive Up Operational Costs of Finance for the First Time in Decades
MIAMI--(BUSINESS WIRE)--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). During this same period, Digital World Class® finance organizations were highly resilient and managed to reduce costs to nearly half that of their peers while delivering dramatic improvements in val.
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The Hackett Group Ups IP Investment As On-Ramp To Consulting Business
The Hackett Group, Inc. reported its Q1 2023 financial results on May 9, 2023. The firm provides a range of consulting and related services to companies worldwide. The Hackett Group is increasing its IP services investments as a lever to upsell its consulting service offerings.
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The Hackett Group, Inc. (HCKT) Q1 2023 Earnings Call Transcript
The Hackett Group, Inc. (NASDAQ:HCKT ) Q1 2023 Results Conference Call May 9, 2023 5:00 PM ET Company Participants Rob Ramirez - Chief Financial Officer Ted Fernandez - Chairman and Chief Executive Officer Conference Call Participants George Sutton - Craig Hallum Jeff Martin - Roth MKM Vincent Colicchio - Barrington Research Operator Welcome to The Hackett Group First Quarter Earnings Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session.
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Hackett Group (HCKT) Matches Q1 Earnings Estimates
Hackett Group (HCKT) came out with quarterly earnings of $0.37 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.38 per share a year ago.
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The Hackett Group Announces First Quarter 2023 Results
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), a leading benchmarking, research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the first quarter, which ended on March 31, 2023. Financial Highlights Total revenue in the first quarter of 2023 was $71.2 million and revenue before reimbursements was $69.8 million, which was in line with our guidance. This compares to total rev.
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7 Nasdaq Small-Cap Stocks Set to Outperform in 2023
Though common sense tells us to load up on securities with established track records, the concept of Nasdaq small-cap stocks to buy invariably delivers enticement. To be sure, there's nothing wrong with riding the blue chips to a secure future.
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Hackett Research: One-Size-Fits-All Hybrid Work Policies More Likely to Hurt Employee Performance, Engagement, Retention
MIAMI & LONDON--(BUSINESS WIRE)--One-size-fits-all hybrid work policies are more likely than other options to have a negative impact on employee engagement, retention and the amount of work done each day, according to new hybrid work research from The Hackett Group, Inc. (NASDAQ: HCKT). At the same time, giving employees greater choice drives improvements in all these areas, the research found. The research also found that working virtually does not prevent most employees from effectively collaborating and connecting, except workers with less than a year tenure with their employers, who felt these activities were better done in-person with co-workers. Regardless, companies need to improve their support for a wider range of tools and systems to facilitate this. According to the “Thriving in the Emerging Hybrid Workplace” research from The Hackett Group®, the impact of workplace policies on engagement, retention and productivity varies. But single mandated policies or policies mandated for all workers in jobs that can be done remotely by workforce segment are more likely to lead to decreased engagement, reduced desire to stay with the employer, a decrease in the amount of work done each day, and increased commuting time. Giving employees choice and manager-employee negotiated virtual work arrangements had the strongest positive impact on engagement and improved retention. Working virtually also does not prevent most employees from effectively collaborating and connecting, and forcing them to spend most of their time in the office may be counterproductive, the research found. But companies need to adopt an approach that allows flexibility and provide better support for collaboration and connection to ensure high performance and satisfaction. Most Companies Have Embraced Hybrid Work Policies The research found that most companies have continued the work from home strategies that were developed in response to the pandemic -- 85% of all workers whose jobs can be done virtually are currently either working from home (42%) or have a hybrid work arrangement (43%) where they are in the office 20-80% of the time. And the trend is continuing to shift towards hybrid work. Staff in corporate finance, procurement, and other business services functions are even more likely to work from home than others, with survey respondents in these areas saying they are spending 75% of their time working remotely. Tools and Systems Key to Improving Collaboration and Connection The main benefit of the return to the office has been increased collaboration and connections among team members. In fact, significant numbers of respondents – from 25-42% -- indicated increased or greatly increased ability to collaborate. The remainder of the study respondents, however, said that more in-person time had not impacted their ability to collaborate, regardless of their company’s policy. Top performers have much stronger processes to enable collaboration and connection among employees, the study found. Significantly, a comparison of data for top performers versus peers found that giving employees discretion over how they work and effectively supporting remote, hybrid, and on-premise modes is associated with better collaboration, stronger connection to colleagues and the organization, and greater engagement. Employees at top performers are also more confident of their ability to do their jobs in their preferred work mode, and feel more supported by their bosses in their work mode choices. Providing flexibility and support for all work modes is strongly correlated with improved effectiveness within teams and across the organization. The biggest factor making virtual collaboration more challenging is not feeling included, the study found. Lack of trust, inadequate tools, and poor coordination and communication processes are also prominent obstacles. While video meeting tools, instant messaging, and document sharing systems have become ubiquitous, many highly effective tools for virtual collaboration, including digital white boards and knowledge management platforms, show low adoption rates. Virtual town halls and informal meetings are also among the most effective virtual tools to enable connections among employees. While there is a strong perception among some corporate leaders that virtual methods for building connections are inferior to in-person methods, The Hackett Group’s study shows that both can be equally effective. Only two out of ten methods enabling connection – team social events and team building -- showed an effectiveness gap between virtual and in-person applications. The effects of workplace policies on collaboration and connection do vary, the study found. Single mandated and remote first policies are the most polarizing generating notable positive and negative reactions. Respondents working under single mandated policies reported the most increases in collaboration, as many are designed to ensure teams are in the office on the same days. Connections to managers grow most when policies are mandated by segment. Connections to team members, to employer culture/values, and employer mission/goals rise to the greatest extent for those with freedom to choose working arrangements. HR and Business Leaders Must Collaborate on Hybrid Workplace Models The Hackett Group’s research recommended that HR and business leaders work together to design effective hybrid workplace models. Key recommendations included: practice open communications and active listening; implement policies and support practices/tools to enable a diversity of work styles; equip managers and employees to continuously evolve work design and practices; schedule unstructured/informal meeting opportunities; be purposeful about using in-person time for creative work, relationship-building, and silo-breaking activities; monitor and enhance employee performance drivers such as wellness and engagement; and measure employees on results and outcomes, not hours worked or face time. “Our findings suggest that HR and business leaders need to dig a bit deeper to understand the factors that drive the ability of employees to collaborate,” said The Hackett Group Senior Research Director Tony DiRomualdo. “Increasing in-person time alone – absent any other measures – is not really necessarily going to move the needle much. For example, if you go back to an office where it’s loud, it’s noisy, you don’t have good places to interact with people, chances are you may struggle to connect and to collaborate just as much as you might if working virtually.” “The major success factors for companies are flexibility and trust,” said DiRomualdo. “Companies need to understand that employees have a diverse range of responsibilities and work styles, and they should implement policies and support practices and tools that enable staff to excel in their jobs regardless of location.” The full results of The Hackett Group’s “2022 Thriving in the Emerging Hybrid Workplace” research is available only to members of The Hackett Group’s HR Advisory Program. The findings are also covered in this episode of The Hackett Group’s Business Excelleration Podcast. About The Hackett Group The Hackett Group, Inc. (NASDAQ: HCKT) is a leading benchmarking, research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class™ performance. Drawing upon our unparalleled intellectual property from more than 25,000 benchmark studies and our Hackett-Certified® best practices repository from the world’s leading businesses – including 97% of the Dow Jones Industrials, 93% of the Fortune 100, 73% of the DAX 40 and 52% of the FTSE 100 – captured through our leading benchmarking platform, Quantum Leap® and our Digital Transformation Platform, we accelerate digital transformations, including enterprise cloud implementations. For more information on The Hackett Group: visit https://www.thehackettgroup.com/; email info@thehackettgroup.com; or call (770) 225-3600. The Hackett Group, Hackett-Certified, quadrant logo, World Class Defined and Enabled, Quantum Leap, Digital World Class and Hackett Excelleration Matrix are the registered marks of The Hackett Group. Cautionary Statement Regarding “Forward-Looking” Statements This release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements including without limitation, words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” seeks,” “estimates,” or other similar phrases or variations of such words or similar expressions indicating, present or future anticipated or expected occurrences or outcomes are intended to identify such forward-looking statements. Forward-looking statements are not statements of historical fact and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Factors that may impact such forward-looking statements include without limitation, the ability of The Hackett Group to effectively market its digital transformation and other consulting services, competition from other consulting and technology companies that may have or develop in the future, similar offerings, the commercial viability of The Hackett Group and its services as well as other risk detailed in The Hackett Group’s reports filed with the United States Securities and Exchange Commission. The Hackett Group does not undertake any duty to update this release or any forward-looking statements contained herein.
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The Hackett Group, Inc. Invites You to Participate in the 2023 First Quarter Earnings Conference Call on Tuesday, May 9, 2023
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) today announced that it will release financial results for the first quarter ended March 31, 2023 on Tuesday, May 9, 2023 after the close of regular market hours. Following the release, the senior management will discuss first quarter results in a conference call at 5:00 P.M. ET. The number for the conference call is (800) 593-0486, [Passcode: First Quarter]. For International callers, please dial (517) 308-9371.
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HCKT or IT: Which Is the Better Value Stock Right Now?
Investors interested in Consulting Services stocks are likely familiar with Hackett Group (HCKT) and Gartner (IT). But which of these two companies is the best option for those looking for undervalued stocks?
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7 Stocks to Buy to Bag Big-Time Returns in Q2
If you're the type that runs toward danger, these stocks to buy may be right for you. To facilitate mobility, the enterprises on this list feature a market capitalization between $500 million to $2 billion.
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The Hackett Group’s Market Intelligence Service Launches Research Project Analyzing the Value Realized From Finance and Accounting Outsourcing Solutions Providers
MIAMI & LONDON--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) today announced that its Market Intelligence Service has launched a new research project that will evaluate and rank finance and accounting outsourcing solutions providers. The Finance and Accounting Outsourcing research report, which The Hackett Group® expects to issue in Q3 2023, will detail and quantify the broad range of benefits that companies can accrue by working with individual outsourcing solutions providers. The scope of the research will cover finance operations and analysis, including purchase-to-pay, customer-to-cash, general accounting, consolidation and regulatory reporting, control & risk management and financial planning & analysis capabilities. For the report, The Hackett Group will interview solutions providers and their customers and compare their actual results comparing expected value with realized value across a range of performance measures and using data from The Hackett Group’s industry-leading benchmarks. The analysis will study differentiated capabilities and the value realized from each solutions provider and their customers, as well as provide an assessment of their investment roadmap. It will also recognize the solutions providers that offer the greatest value realization and the greatest breadth of capability. Finally, it will rank all solutions providers covered in the report as Digital World Class, Innovators, Incumbents, Challengers, or Emerging. According to Ted A. Fernandez, Chairman & CEO of The Hackett Group, “Our new Market Intelligence Service was developed specifically in response to requests from our global clients, which includes 93% of the Fortune 100. They have consistently cited a gap in provider insight around the realization of value from specific software and service investments. The Hackett Group is uniquely qualified to address this fundamental requirement in market intelligence due to our vast benchmarking database and implementation knowledge.” The Hackett Group Chief Market Intelligence Officer Michel Janssen added, “The Hackett Group has been working with companies to optimize their outsourcing relationships for nearly two decades. But until recently, the focus of finance and accounting outsourcing has been almost exclusively on labor arbitrage – hiring low-cost professionals in India, Eastern Europe, and elsewhere to handle finance and accounting outsourcing activities. “Over the last few years, the landscape has changed,” said Janssen. “As outsourcers have matured, they’ve learned how to provide more strategic capabilities. And more recently, digital transformation has shifted the discussion again to focus on helping companies take advantage of the latest advances in automation, advanced analytics, artificial intelligence and other cutting-edge technologies. Today, outsourcers can provide thought leadership and offer a much wider range of benefits to companies, from reduced cost to improved efficiency, effectiveness, broader digital capabilities and enhancements to the customer experience. “Companies need to understand this new landscape so that they can enter into outsourcing contracts, or renegotiate existing ones, to generate greater business value. Our research will provide them with the guidance they need to do precisely this,” said Janssen. More information on The Hackett Group’s Market Intelligence Service is available at https://www.thehackettgroup.com/market-intelligence/. About The Hackett Group The Hackett Group, Inc. (NASDAQ: HCKT) is a leading benchmarking, research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class™ performance. Drawing upon our unparalleled intellectual property from more than 25,000 benchmark studies and our Hackett-Certified® best practices repository from the world’s leading businesses – including 97% of the Dow Jones Industrials, 93% of the Fortune 100, 73% of the DAX 40 and 52% of the FTSE 100 – captured through our leading benchmarking platform, Quantum Leap® and our Digital Transformation Platform, we accelerate digital transformations, including enterprise cloud implementations. More information on The Hackett Group is available at: www.thehackettgroup.com, info@thehackettgroup.com, or by calling (770) 225-3600. The Hackett Group, Hackett-Certified, quadrant logo, World Class Defined and Enabled, Quantum Leap, Digital World Class and Hackett Excelleration Matrix are the registered marks of The Hackett Group. Cautionary Statement Regarding “Forward-Looking” Statements This release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements including without limitation, words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” seeks,” “estimates,” or other similar phrases or variations of such words or similar expressions indicating, present or future anticipated or expected occurrences or outcomes are intended to identify such forward-looking statements. Forward-looking statements are not statements of historical fact and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Factors that may impact such forward-looking statements include without limitation, the ability of The Hackett Group to effectively market its digital transformation and other consulting services, competition from other consulting and technology companies that may have or develop in the future, similar offerings, the commercial viability of The Hackett Group and its services as well as other risk detailed in The Hackett Group’s reports filed with the United States Securities and Exchange Commission. The Hackett Group does not undertake any duty to update this release or any forward-looking statements contained herein.
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The Hackett Group's Market Intelligence Service Launches Research Project Analyzing the Value Realized From Finance and Accounting Outsourcing Solutions Providers
MIAMI & LONDON--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) today announced that its Market Intelligence Service has launched a new research project that will evaluate and rank finance and accounting outsourcing solutions providers. The Finance and Accounting Outsourcing research report, which The Hackett Group® expects to issue in Q3 2023, will detail and quantify the broad range of benefits that companies can accrue by working with individual outsourcing solutions providers.
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Are Investors Undervaluing The Hackett Group (HCKT) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Hackett® Redefines Software & Service Market Intelligence by Analyzing What Truly Matters – Value Realization
MIAMI & LONDON--(BUSINESS WIRE)--Modern customer-to-cash (C2C) receivables platforms deliver superior value realization and return on investment when compared to legacy applications, according to new Market Intelligence Service research from The Hackett Group, Inc. (NASDAQ: HCKT). Modern platforms offer improved cash flow management, better customer and employee experience, touchless capabilities and superior AI and analytics. Benefits include: 43% overall average performance advantage over legacy systems 87% positive customer experience 70% increase in touchless cash application for payment automation 63% reduction in past due receivables greater than 90 days 10x increased operating cash released from disputed receivables $107 million/year in additional operating cash (for a typical $10 billion company) Ted A. Fernandez, Chairman & CEO of The Hackett Group®, explained The Hackett Excelleration Matrix™ research. “Our global clients, which includes 93% of the Fortune 100, cited a gap in provider insight around the realization of value from specific software and service investments. The Hackett Group is uniquely qualified to address this fundamental requirement in market intelligence due to our vast benchmarking database and implementation knowledge. We are pleased to issue our first Hackett Excelleration Matrix in C2C receivables – which will quickly be followed by a series of similar research reports covering software and services across the enterprise, including purchase-to-pay software and finance & accounting outsourcers.” The C2C Receivables Hackett Excelleration Matrix and related research is the first from The Hackett Group’s new Market Intelligence Service. The service is designed to evaluate software and service providers’ ability to deliver value from specialized and differentiated capabilities. The Hackett Excelleration Matrix analyzes providers’ unique capabilities against the value executives can expect from their solution. Providers that offer breakthrough capabilities and incredible value realization earn the distinction of Digital World Class®. Related to the C2C receivable research scope, The Hackett Group analyzed nine leading software providers in three key areas: cash application, collections management and dispute management. The research analyzed performance data in The Hackett Group’s extensive proprietary benchmarking database, software performance data from customers using the C2C receivables solutions, and interviews with the solution providers and end users. The full C2C receivables research is available now to The Hackett Group’s solution providers, research advisory, and consulting clients through a new C2C Software Market Intelligence Program that provides a concierge level of insight into the C2C solution provider market. A summary report is available on a complimentary basis, with registration, at http://go.poweredbyhackett.com/c2csp2212sm. The full 70-page C2C Receivables Market Intelligence research is also available for purchase. Interested parties can learn more at http://go.poweredbyhackett.com/c2cspr2303 or by visiting the landing page for our Market Intelligence Service at https://www.thehackettgroup.com/market-intelligence/. According to Chief Market Intelligence Officer Michel Janssen, “Over the last five years, companies have invested more than a billion dollars in modern C2C receivables platforms. Now, with interest rates on the rise and concerns over recession growing, working capital management is more important than it has been in quite some time. And the results are clear. These modern platforms integrate cutting-edge technologies such as data mining, artificial intelligence and machine learning to optimize the customer-to-cash process. Compared to legacy platforms, they offer improved cash flow management, better customer and employee experience, nearly double the level of fully automated transactions, superior analytics tools and more.” Associate Principal and Global Customer-to-Cash Practice Leader Bryan DeGraw added, “Even among the modern platforms, there is a significant difference between solution providers in terms of their ability to deliver real value, cost reduction and business process improvement. Three solution providers demonstrate powerful automation features such as advanced automation, AI, predictive analytics, strong analytical tools and exceptional user experience, which simply drove higher ROI, earning them the distinction of Digital World Class.” About The Hackett Group The Hackett Group, Inc. (NASDAQ: HCKT) is a leading benchmarking, research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class™ performance. Drawing upon our unparalleled intellectual property from more than 25,000 benchmark studies and our Hackett-Certified® best practices repository from the world’s leading businesses – including 97% of the Dow Jones Industrials, 93% of the Fortune 100, 73% of the DAX 40 and 52% of the FTSE 100 – captured through our leading benchmarking platform, Quantum Leap® and our Digital Transformation Platform, we accelerate digital transformations, including enterprise cloud implementations. More information on The Hackett Group is available at: www.thehackettgroup.com, info@thehackettgroup.com, or by calling (770) 225-3600. The Hackett Group, Hackett-Certified, quadrant logo, World Class Defined and Enabled, Quantum Leap, Digital World Class and Hackett Excelleration Matrix are the registered marks of The Hackett Group. Cautionary Statement Regarding “Forward-Looking” Statements This release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements including without limitation, words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” seeks,” “estimates,” or other similar phrases or variations of such words or similar expressions indicating, present or future anticipated or expected occurrences or outcomes are intended to identify such forward-looking statements. Forward-looking statements are not statements of historical fact and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Factors that may impact such forward-looking statements include without limitation, the ability of The Hackett Group to effectively market its digital transformation and other consulting services, competition from other consulting and technology companies that may have or develop in the future, similar offerings, the commercial viability of The Hackett Group and its services as well as other risk detailed in The Hackett Group’s reports filed with the United States Securities and Exchange Commission. The Hackett Group does not undertake any duty to update this release or any forward-looking statements contained herein.
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Hackett: 2023 HR Key Issues Research Finds Troubling Disconnect Between Critical Priorities and the Ability to Execute Improvements
MIAMI & LONDON--(BUSINESS WIRE)--There's a troubling disconnect between human resources (HR) organizations' priorities for 2023 and their ability to make improvements, according to new HR Key Issues research from The Hackett Group, Inc. (NASDAQ: HCKT). Six of the 10 top HR priorities represent business and enterprise goals related to human capital, indicating that HR remains focused on its role in enabling the success of the overall enterprise.
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ChipMOS Technologies: The Billion Dollar Stock You Probably Never Heard Of
Technology stock outperforming the S&P. ChipMOS Technologies enjoys price and earnings momentum.
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7 Tech Stocks to Buy for the Next Decade
At first glance, the concept of tech stocks to buy might seem exceptionally risky at this juncture. After all, the market continues to digest the bank runs and failures of two major financial institutions.
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The Hackett Group: Supply Continuity and Inflation Are Critical Procurement Priorities for 2023
MIAMI & LONDON--(BUSINESS WIRE)--Ensuring supply continuity and combatting inflationary price increases are the top two priorities for procurement organizations in 2023, while talent management has jumped to the top of procurement's list of planned improvement initiatives, according to new CPO Agenda research from The Hackett Group, Inc. (NASDAQ: HCKT).
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