December 27, 2006
Forbes Online, "Better Procurement,"

Research on procurement practices by a strategic advisory firm, The Hackett Group, has made it clear that top procurement organizations spend 25% less on procurement activities than typical companies. Beyond expertise in direct spending practices by organizations, the real opportunities appear to be mastery of those indirect spending areas that have traditionally have not been within procurement control. Re-engineering supplier and internal relationships can gain economies of scale and significantly improve the tools that leverage the cost negotiations process.

December 6, 2006
Managing Compliance Standards, "Save Money with Fewer Controls, Less Complexity,"

John McMahan, senior business advisor with The Hackett Group, discussed compliance spending findings from Hackett's 2006 Enterprise Book of Numbers™.

December 5, 2006, "The SEC Opens Up SarbOx, "

Businesses that have been agitating for less stringent oversight of financial compliance regulations will get a first taste of relief in the next two weeks, when the Securities & Exchange Commission and the Public Company Accounting Oversight Board unveil a plan for streamlining the day-to-day workings of the Sarbanes-Oxley Act of 2002. According to Hackett Chief Research Officer Richard T. Roth, both regulators and corporate executives are to blame for the complexity of Sarbanes-Oxley Compliance. Hackett's research found that the current average cost of compliance at 0.25% of a company's revenue. Leading operations, which have less complex internal controls, spend even less-about 0.14% of revenue, including direct compliance costs and outside auditing fees.

December 1, 2006
Business Finance, "Upfront: A Strategic Look at Performance Management,"

The typical company spends too much money on planning and performance management processes for the value these activities generate, according to new research from The Hackett Group. Despite the fact that they spend more than double the amount that a world-class company does on planning and performance management processes and operate with more than twice the staff, average.

December 1, 2006
Finance Director, "Profit from Performance,"

Do companies that excel at enterprise performance management (EPM) reap bottom line rewards? The Hackett Group Senior Business Advisor James Creelman details new research showing that top performers in EPM generate more than double the equity market returns of typical companies while driving higher stock prices and lower operating volatily.

November 29, 2006
InformationWeek, "Most Effective IT Organizations Spend 7% More, Says Report,"

Companies with the most effective and efficient IT organizations spend about 7% more on IT than median-performing companies, according to a new report from The Hackett Group.

November 27, 2006
FinancialWeek, "Cut the SarBull, Folks,"

This editorial from FinancialWeek Editor in Chief Glenn Coleman uses Hackett research data to call into question the true cost burden of Sarbanes-Oxley compliance. Note: Free registration required.

November 17, 2006
CFO, com, "After a Sarbox Bump, Finance Cuts Costs,"

A drop in finance-related costs resumes a 14-year downward trend, a survey finds. So much for fears that Sarbanes-Oxley will permanently break finance department budgets. After two years of cost hikes related to internal-controls compliance, the"typical" company reported a 3 percent dip in the cost of finance operations in 2006, according to a report by The Hackett Group.

November 12, 2006
New York Times Sunday Business Section, "On the Contrary: A Boom in Jobs, and Fear,"

The Sunday Business Section of the New York Times featured a column by Daniel Akst that uses Hackett's research as a jumping off point for a discussion of the shifting world job market and the underlying political and economic issues for the U.S.

November 9, 2006, "Offshoring Finance Jobs Saves Billions?"

Fortune 500 companies could save $20 billion annually by sending 650,000 finance and procurement jobs overseas, according to a new Hackett Group report. By doing so, each corporation could cut costs by as much as $40 million in one year, concludes the study.

November 6, 2006
Dow Jones Newswire, "IN THE MONEY: Next Outsourcing Wave To Hit Back Office,"

The top tier of American business could reap millions in annual savings by moving the back office out of the office. Companies in the Fortune 500 could realize as much as $116 million in savings annually by outsourcing functions such as finance, procurement, human resources and information technology, according to new research by business consultants Hackett Group. For all 500 companies, the savings could total $58 billion over the next decade.

November 1, 2006
CNN , "CNN Newsroom,"

Reporting from the floor of the New York Stock Exchange, Cheryl Casone spotlights Hackett's new research concering globalization and outsourcing. Note: Link below is to a transcript of that hour's broadcast. Search for Hackett to find the coverage.

October 31 2006
Reuters Newswire, "White-collar outsourcing pressure builds,"

Job losses in the United States from outsourcing, already a touchy political issue, could mushroom in the next decade as companies shift hundreds of thousands more professional white-collar jobs offshore, according to a new study. Fortune 500 companies could potentially save $58 billion annually, or some $116 million per company, by offshoring general and administrative jobs, according to The Hackett Group, a strategic advisory firm.

October 27, 2006
InformationWeek, "Nearly 1.5 Million Back-Office U.S. Jobs Seen Moving Abroad,"

America's largest companies could save $58 billion a year by moving nearly 1.5 million back-office jobs overseas over the next decade, according to research conducted by The Hackett Group. That translates to $116 million in annual savings and the transfer of nearly 3,000 full-time equivalent jobs abroad for the typical Fortune 500 company, Hackett says.

October 17, 2006
Deal Architect, "The Real Deal: Rick Roth and CIOs in the Executive Suite,"

In a guest column on this Weblog, Hackett Chief Research Officer Richard T. Roth explains why in many cases, CIOs can tell whether they're truly world-class by answering two simple questions -- Does your leadership team give you real boardroom access? and What's the title on your boss's business card?

October 17, 2006, "Cash Scorecard: Unleash the Hoards?"

Corporate finance executives began removing their fingers from the dikes damming up their companies' towering cash holdings last year, a study of cash management done by Hackett-REL, a consulting company, suggests.

October 12, 2006 Weblog, "The Spreadsheet: 1979-2006. May It Rest In Peace?"

20 years after the introduction of the first PC-based spreadsheet, most companies still rely heavily on it as a standalone budgeting tool. But the smart ones use it less, and this helps them generate more than double the shareholder returns of typical companies, according to new research in Enterprise Performance Management from The Hackett Group.

October 5, 2006
Accountancy Age (UK), "Working capital delays puts companies' profits at risk,"

A significant number of companies are doing the equivalent of living on a shoestring as they wait for returns to manifest, a study has discovered. The uncompromising report, compiled by Hackett-REL, highlights the fact that working capital remains a serious problem for businesses, despite their lofty perches in the FTSE 350.

September 21, 2006
eWeek, "Four Feckless, Counterproductive Business Approaches to IT,"

This article on mistakes businesses make when working with IT includes insights from Hackett's Eric Dorr on the integration problems that can be caused when business units circumvent the IT organization and purchse their own software.

September 7, 2006
Financial Times (UK), "Shared Services Supplement: Introduction,"

According to The Hackett Group's research, the growth of shared services has been a contributing factor in ongoing reductions in the overall cost of corporate finance operations.

September 7, 2006
Financial Times (UK), "Shared Services: Getting Started,"

This article on how companies can best get started with shared services includes insights from Hackett's Tom Bangemann concerning the key role benchmarking can play in determining and/or validating a business case.

September 5, 2006
Wall Street Journal, "How U.S. Firms Make Capital Gains,"

Big companies are doing a better job of squeezing money from their businesses through improved cash management, helping to bolster what are already growing cash piles at many outfits, according to a new study from Hackett-REL. (paid subscription required)

September 5, 2006
Reuters, "Top US companies cut working capital 5.6 pct-study,"

1,000 largest U.S. companies reduced their overall working capital by 5.6 percent, or $72 billion, in 2005, according to a study by Hackett-REL.

September 1, 2006
CFO Magazine, "How Low Can It Go?,"

Companies continue to reduce working-capital levels, and they have 450 billion reasons to keep at it, according to a new study from Hackett-REL.

September 1, 2006
Business Finance, "How BPM Bolsters Compliance,"

According to Hackett's John McMahan and Sean Kracklauer, companies that have streamlined and optimized their Business Performance Management processes and systems can see the benefit of fewer compliance problems.

September 1, 2006
Baseline, "2006 Baseline/The Hackett Group ROI Awards,"

Hackett co-sponsored this Baseline Magazine competition, and analyzed and validated the ROI claims of all submissions. This year's winner was the U.S. unit of camera maker Nikon, which saw major benefits with a customer relationship management project that yielded a plump 3,203% return.

September 1, 2006
Supply & Demand Chain Executive, "Not Your Grandfather's GPO,"

This overview article on how supply management executives are discovering fresh value in group purchasing organizations and unlocking new savings through buying consortia includes comments and insights from Hackett's Pierre Mitchell.

August 24, 2006
CFO, "Study: Diversity Doesn't Cost More, " By Sarah Johnson,

Companies wanting to expand their supplier diversity programs can do so without sacrificing savings, according to a recent report by The Hackett Group.

August 21, 2006
Wall Street Journal, "Benefits of Supplier Diversity May Go Beyond 'Social Good,'

When a company announces a relationship with a minority supplier, investors and analysts tend to file that news release under"social good" and move on. But companies that seek out such business relationships see financial benefits, too, according to new research from The Hackett Group. (Paid Subscription Required)

August 17, 2006
CFO, "Study: Diversity Doesn't Cost More, " By Sarah Johnson,

Buying supplies from women- and minority-owned businesses could benefit a company's bottom line, according to new research from The Hackett Group.

August 17, 2006
Supply Chain Management Review, "Hackett Group: Supplier Diversity Programs Do Not Increase Costs, "

Companies do not sacrifice procurement savings when they pursue supplier diversity programs, according to new research from the Hackett Group.

August 2, 2006, "Outsourcing: What CIOs Need to Know,"

Is information-technology outsourcing on the wane? No, says The Hackett Group's Scott Holland who claims"world-class" companies farm out about half their I.T. infrastructure operations and will continue to find new areas to outsource.

August 1, 2006
Manufacturing Business Technology, "Study shows substantial waste in working capital in U.S. and European companies,"

In a study of the 2,000 largest companies across the U.S. and Europe, The Hackett Group found $1 trillion-plus unnecessarily tied up in working capital. The study, which comes as a result of Hackett's acquisition of REL Consultancy Group last year, shows companies are not yet fully optimizing customer-to-cash cycles.

August 1, 2006
Treasury & Risk Management, "Changing Bills into Greenbacks,"

This article on best practices in Accounts Receiveable features Hackett's Katie Downs, who discusses how world-class companies reduce DSO, increase the percentage of credit sales collected within terms, and cut billing error rates. Downs discusses one Hackett client that was able to increase sales by 118 percent while also reducing DSO by 12 days.

August 1, 2006
Business Finance, "What's Wrong With Outsourcing (And How To Fix It),"

This article on how to solve common outsourcing problems offers analysis and insights from Hackett's Julio Ramirez, including a description of how many companies use shared services as a bridge to outsourcing, and a detailing of major risks associated with captive offshore operations.

July 18, 2006
Personnel Today (UK), "World-class HR focuses on planning,"

By focusing on strategic workforce planning, top HR organizations dramatically lower voluntary turnover, and also see a wide array of other benefits, according to research by The Hackett Group.

July 17, 2006
InformationWeek, "In Depth: U.S. IT Unemployment Plunges To 2.2%. But There's More To This Story,"

This article on IT staffing trends includes comments from Hackett's Scott Holland concerning how outsourcing is changing the IT staffing mix at many companies.

July 17, 2006, "IT Outsoucing to Continue Strong Growth into 2007, Says The Hackett Group,"

IT outsourcing will continue to increase strongly next year according to The Hackett Group, based on an analysis of in-depth IT benchmarks at hundreds of Fortune 1000 companies.

July 14, 2006
Supply & Demand Chain Executive, "World-class HR Organizations Seen Reducing Termination Rates, Operating Leaner,"

With an intense focus on strategic workforce planning, world-class human resources (HR) organizations drive down voluntary termination rates to 33 percent that of typical companies, according to new research findings from business advisory firm The Hackett Group.

July 5, 2006
Supply & Demand Chain Executive, "World-class Companies Move Beyond Cost in G&A in Response to Globalization,"

Companies must improve speed and agility, enhance responsiveness, inspire passion, according to speakers at The Hackett Group's recent Best Practices conference.

July 1, 2006
Business Finance, "Treasury Today: Is Outsourcing on Treasury's Agenda?"

While the idea of outsourcing treasury operations has generated plenty of press, at least one study from The Hackett Group shows that few businesses are actually taking the leap.