The Hackett Group - News

Research Alerts & Press Releases

Hackett Launches Leadership Community For Executives in Finance, IT, HR, Procurement
December 13, 2007

The Hackett Group, a strategic advisory firm and an Answerthink company (NASDAQ: ANSR) today announced the launch of the Hackett Performance Network, an open-access leadership community for executives in finance, IT, HR, and procurement.

Answerthink to Webcast Presentation at the UBS Global Technology & Services Conference
November 13, 2007

Answerthink, Inc. (NASDAQ:ANSR - News), a strategic business advisory and technology consulting firm, is presenting at the UBS Global Technology & Services Conference in New York on Thursday, November 15, 2007. A live Webcast of the presentation is scheduled for Thursday, November 15, 2007 at 1:45 pm ET.

Hackett: Ongoing Fallout from Compliance Activities Raises Cost of Finance at Typical Companies
November 13, 2007

Fallout from compliance-related activities continues to prevent CFOs at typical companies from resuming more than a decade of cost reduction efforts, according to new research from The Hackett Group, a global strategic advisory firm and an Answerthink company (NASDAQ: ANSR).

Hackett Plots Evolution of Procurement's Value Proposition To Drive Competitive Advantage, Ensure Long-Term Relevance
October 25, 2007

How can procurement organizations evolve from a traditional tactical sourcing focus to a comprehensive position of value management? By moving through five discrete stages which help them develop new skill sets and operating models enabling them to eventually reach a point where procurement's sole agenda is to advance and support business strategy, according to new research from The Hackett Group, a global strategic advisory firm and an Answerthink company (NASDAQ: ANSR).

Top European Companies Lose Ground in Battle for Cash, According to New REL/CFO Europe "Cash Masters" Study
October 18, 2007

Despite a booming economy and record sales figures, the top 1,000 public companies in Europe lost ground in the battle to generate and manage cash in 2006, according to the new "Cash Masters" study performed by cash flow management consultancy REL (NASDAQ: ANSR) and CFO Europe magazine.

Hackett: Companies Can Improve Earnings Nearly 15% By Improving Talent Management Function
July 24, 2007

By excelling in talent management, the average Fortune 500 company can generate a nearly 15% improvement in Earnings Before Interest, Depreciation, and Amortization (EBITDA), netting almost $400 million annually, according to new Book of Numbers™ research from The Hackett Group, a strategic advisory firm and an Answerthink company (NASDAQ: ANSR).

REL/CFO Europe Survey Sees European Working Capital Rebound; After 2005 Setback, Companies Liberate €46 Billion (£31b) in 2006
July 10, 2007

After a major setback in 2005, Europe's 1,000 largest companies (excluding automakers and financial institutions) resumed their course of working capital improvement in 2006, liberating €46 billion (£31b), largely through better bill collection and improved inventory management, according to results of the Tenth Annual Working Capital Survey conducted jointly by REL and CFO Europe magazine.

Answerthink and Paymetric Announce Alliance to Benefit SAP Customers
June 27, 2007

Answerthink, Inc. (NASDAQ: ANSR), announced today that it has formed an alliance with Paymetric, Inc. for the distribution of industry-specific payment card software for organizations running SAP® applications. Answerthink and Paymetric will serve mid-size companies by integrating payment card capabilities into Answerthink's industry-specific, low-cost, on-time delivery and implementation of SAP applications.

REL/CFO Magazine Survey Shows Working Capital Improvement Stalled for the First Time in a Decade, Driven by Slowing Sales Growth And Increases in Overseas Manufacturing
June 26, 2007

After nearly a decade of annual reductions in working capital, overall the 1000 largest U.S. companies (excluding automakers and financial institutions) showed no improvement in 2006 in large part due to increased inventory as a result of both slowing sales growth rate and increased use of overseas manufacturing facilities, according to results of the Tenth Annual Working Capital Survey conducted jointly by REL and CFO Magazine.

Answerthink and LORENZ Life Sciences Group Announce Strategic Alliance for the SAP Life Science Industry
June 21, 2007

Answerthink, Inc. (NASDAQ: ANSR), announced today that it has formed a strategic alliance with LORENZ Life Sciences Group for the distribution of LORENZ solutions in North America. Answerthink and LORENZ Life Sciences Group will serve midsize companies by integrating best practice submissions management solutions into Answerthink's Life Science solutions based on SAP technology.

Does IT Matter? Hackett Concludes the Answer is Yes; Research Offers Five Key Ways IT Can Drive Competitive Advantage
June 12, 2007

"Does IT Matter?" While considerable difference of opinion about this issue exists among many business leaders, new research finds a conclusive answer. The best companies clearly use information technology (IT) as a strategic enabler to create competitive advantage, according to the latest Book of Numbers™ findings from The Hackett Group, a strategic advisory firm and an Answerthink company (NASDAQ: ANSR).

European Companies Can Increase Savings of Offshoring Back Office Functions by 40% by Integrating Transformation, Process Improvements
May 22, 2007

While the potential for companies to reduce costs by offshoring back office operations is dramatic, European companies can potentially increase these savings by 40% by selectively integrating transformation and process improvement efforts into their globalization initiatives, according to new research from The Hackett Group, a strategic advisory firm and an Answerthink company (NASDAQ: ANSR).

U.S. Companies Can Increase Savings of Offshoring Back Office Functions By Over 50% by Integrating Transformation, Process Improvements
May 22, 2007

While the potential for companies to reduce costs by offshoring back office operations is dramatic, companies can potentially increase these savings by over 50% by selectively integrating transformation and process improvement efforts into their globalization initiatives, according to new research from The Hackett Group, a strategic advisory firm and an Answerthink company (NASDAQ: ANSR).

Answerthink's EzDistribution Solution Receives SAP Qualification
May 21, 2007

Answerthink, Inc. (NASDAQ: ANSR), announced today that EzDistribution™, an SAP™ All-in-One solution, has been qualified as an offering for Wholesale Distribution companies. The qualification allows Answerthink to provide an SAP solution that includes functionality specifically for growing Wholesale Distribution companies.

Holopack Selects SAP and Answerthink's EzPharma Solution To Streamline Business Processes and Position for Growth
May 15, 2007

Answerthink, Inc. (NASDAQ: ANSR), announced today that Holopack International has selected EzPharma, an SAP™ All-in-One solution from Answerthink that is preconfigured with best practices and functionality specifically for growing pharmaceutical delivery and manufacturing companies.

European Business Leaders Assemble for The Hackett Group's Third Annual Best Practices Conference
April 26, 2007

The Hackett Group, a research-based advisory firm and an Answerthink company (NASDAQ: ANSR), today announced that it will preview findings from its 2007 Book of Numbers™ research at its Third Annual European Best Practices Conference, "Leveraging Synergies: Myth or Reality," in London 10 and 11 May.

The Hackett Group to Preview 2007 SG&A Research Findings At 17th Annual Best Practices Conference
April 9, 2007

The Hackett Group, a strategic advisory firm and an Answerthink company (NASDAQ: ANSR), announced today that it will preview findings from its 2007 Book of Numbers™ research at its 17th Annual Best Practices Conference, "Leveraging Synergies: Myth or Reality," in Atlanta April 26 and 27.

Colorado, Massachusetts, and Mississippi Honored For Peak Effectiveness in Finance Operations By NASACT, The Hackett Group, and Accenture
March 21, 2007

The National Association of State Auditors, Comptrollers and Treasurers (NASACT) has announced that three states - Colorado, Massachusetts, and Mississippi - have been named as winners of NASACT Benchmark Achievement Awards for achieving top-quartile effectiveness in finance operations.

Hackett: European Companies Turning to Finance Shared Services To Drive Cost Savings of Over 20%, Other Operational Improvements
March 6, 2007

Finance shared services organisations (SSOs) have now become a proven and standard approach for most European companies, helping to cut the cost of finance operations by over 20% while enabling them to improve quality, productivity, and customer service by up to 40%, according to new Book of Numbers™ research from The Hackett Group, a strategic advisory firm and an Answerthink company (NASDAQ: ANSR).

Answerthink Receives SAP's SME Partner of the Year Award
February 15, 2007

Answerthink, Inc. (NASDAQ: ANSR) announced today that it has been named an SAP® All-in-One Partner of the Year by SAP America, in recognition of the company's sales and implementation efforts with small and midsize enterprises (SMEs). In addition, three individual Answerthink account executives were recognized as top SME performers in the U.S. by SAP.

REL Announces Expanded Focus on Cash Flow; Evolves Brand Strategy
February 14, 2007

Professional services firm REL has announced that it is formally expanding its consulting capabilities beyond working capital management to include a more comprehensive approach to help companies deliver cash flow improvements. In combination with this new positioning, REL has formally introduced a new brand identity - REL, Cash Flow Delivered. This expanded focus comes after the first year of integration with REL's sister company, The Hackett Group, a strategic advisory firm. Both companies are part of Answerthink, Inc. (NASDAQ: ANSR).

Hackett - Shared Services Can Reduce HR Process Cost Cuts by up to 80%; While Driving Improved Satisfaction, Productivity, and Quality
January 30, 2007

Properly implemented shared services organizations (SSOs) can help HR organizations to reduce process costs by up to 80%, while generating similar improvements in internal customer satisfaction, productivity, and quality, according to 2006 Enterprise Book of Numbers™ research from The Hackett Group, a strategic advisory firm and an Answerthink company (NASDAQ: ANSR).

Hackett: Six Sigma Not a Silver Bullet for Back-Office Improvements; Research Identifies Key Factors Impacting Success and Failure
January 17, 2007

Six Sigma is far from a "silver bullet," for executives seeking to reduce cost and improve overall quality of back office operations, according to research from The Hackett Group, a strategic advisory firm and an Answerthink company (NASDAQ: ANSR).

Abiomed, Inc. "Goes Live" with EzMed Solution From Answerthink and SAP
January 9, 2007

Answerthink, Inc. (NASDAQ: ANSR), announced today the successful go-live of EzMed, an SAP All-in-One business software solution, at Abiomed, Inc., a leading developer, manufacturer, and marketer of circulatory support technology for patients in heart failure. Joining a growing list of midsize companies opting for the industry-specific business management solution from Answerthink and SAP, Abiomed is one of ten life sciences companies that have selected EzLifeSciences solutions within the past year.

Media Relations

Media relations inquiries about The Hackett Group should be directed to Gary Baker, Communications Director at gbaker@thehackettgroup.com or +1 917 796 2391.

European Best Practices Conference

Blending executive-level case studies on 20/20 vision of the G&A landscape with newly published Hackett research.