Hackett in the News 2017

July 19, 2017
Times of London, "Slashed Investments Pay Dividends"

Europe's corporate giants are returning their spare cash to investors while loading up on cheap debt, taking dividend payouts to their highest level in ten years, according to a study from REL, a division of The Hackett Group. The largest 1,000 businesses across Europe have raised dividends by a fifth to €234 billion since the financial crisis in 2008, while doubling the amount of cash on hand to €881 billion.

July 17, 2017
InformationWeek, "Not Easy To Get To Digital Transformation Jump-off Point,"

With an emerging digital economy, IT has the opportunity to provide a secure platform on which both it and other units of the business can innovate, perform analytics and deliver digital services in an accelerated fashion. But that's a different role than the one IT is currently used to. "IT must move beyond its traditional service provider role and become a driver of new digital capabilities that are critical to the business's future," concludes a new report from The Hackett Group.

June 28, 2017
Inside Supply Management, "The Monthly Metric: Spend Under Management,"

We visit with a supply management expert: Chris Sawchuk, principal and global procurement advisory practice leader for The Hackett Group. In an interview with Inside Supply Management(r) last year, Sawchuk spoke of how advanced analytics has yet to engulf the supply management profession like it has baseball. That interview, discussed in the March edition, helped inspire The Monthly Metric.

June 27, 2017
Digitalist, "The Promise Of Digital Finance: A New Level Of Performance,"

A bylined article by The Hackett Group's Nilly Essaides.

June 22, 2017
SupplyChainBrain, "Bringing Diversity to Your Supplier Base Can Add to Your Bottom Line,"

Supplier diversity is evolving from a check-the-box, corporate social-responsibility requirement to a strategic enabler for the procurement function, providing access to new and innovative products and increased market share. Top-performing organizations studied by The Hackett Group apply supplier diversity tenets to new areas such as supplier partnering, reputation management and global expansion.

May 22, 2017
Supply & Demand Chain Executive, "Selecting a Best-Fit Integrated Business Planning Technology Solution for Your Organization,"

A bylined article by The Hackett Group's Josh Peacher and Hanna Hamburger.

May 22, 2017
Supply & Demand Chain Executive, "How the Supply Chain Can Help Improve New Product Development Success,"

A bylined article by The Hackett Group's Hanna Hamburger and Joseph Shipley.

May 12, 2017
SIG Outsource, "The 2017 CPO agenda: keeping pace with and enabling digital transformation,"

According to The Hackett Group's 2017 Key Issues Study, 84% of procurement organisations believe that digital transformation will fundamentally change the way their services are delivered over the next three to five years. Yet only 25% say that procurement has the right resources and competencies today to execute that transformation. Nevertheless, the enterprise's "march to digital" continues unabated, with double the number of respondents reporting transformation initiatives are under way this year. If these projects are to succeed, procurement will need to hone its own capabilities and apply them to guide business stakeholders in their own transformations.

May 10, 2017
Supply & Demand Chain Executive, "The Benefits of Digital Transformation,"

What's in a word? Plenty when that word is digitization. Research from the Center for Global Enterprise (CGE) predicts that digitizing the supply chain has the potential to lower procurement costs by 20 percent, reduce supply chain process costs by 50 percent and increase revenue by 10 percent. With stakes this high, it is no wonder digitization tops many company priority lists. The Hackett Group's sourcing and procurement benchmarking research for 2017 made similar discoveries.

May 10, 2017
Supply & Demand Chain Executive, "DIGITIZATION: A Risky Business,"

In early May, a phishing email reached approximately a million Google users. The email claimed to have come from Google Docs-a service that allows people to share and edit documents online. And, to users, it appeared to come from legitimate contact. The email asked users to click on a link and follow the instructions, giving hackers access to the user's email account. This scam impacted personal and corporate email accounts across the globe, and had many IT managers scrambling to block access. The scam highlights a critical risk faced in today's corporations and in supply chains.

May 10, 2017
CFO ebook, "A Look at Procurement from a Strategic Perspective,"

Streamlining the procurement process can yield significant results - especially when it comes to tasks such as updating annual vendor qualifications, adding new suppliers, standardizing contracts, simplifying requisitions, and speeding the entire request-for-quote-to-procure cycle. Including insights from The Hackett Group's Chris Sawchuk and Robert Derocher, and from our procurement key issues research.

May 2, 2017
Digitalist, "Pella Windows: Taking Small Steps Towards Big Data,"

A guest blog post by Hackett's Nilly Essaides.

April 19, 2017
Digitalist, "Why CFOs Must Become Digital-Savvy,"

A bylined article by The Hackett Group's Nilly Essaides.

April 13, 2017
Treasury & Risk, "Bracing for Digital Transformation,"

Finance teams face challenges as they move to adopt new technologies, including the cost involved and the current state of their data, according to new research from The Hackett Group.

April 13, 2017
Controller's eNews Blog (DACH): "Mayday in London. Interview concerning Brexit under Finance and Controlling Aspects"

In German. The Hacket Group's Paul Moody discusses problems Brexit may cause European companies, and how working capital optimization can help.

April 7, 2017
Human Resource Executive, "Report: HR is Behind the Curve,"

New research from The Hackett Group finds that many HR departments are lagging when it comes to helping their organizations deal with talent shortages in key areas, and - due to a lack of resources - sufficient progress likely won't be made anytime soon.

April 10, 2017
ChemManager (DACH), "Solvay's Journey into the Future,"

Solvay Business Services (SBS) Delivers Global Shared Services to Belgian Chemical Manufacturer. A bylined article by Xavier Lancksweirt, General Manager Solvay Business Services (SBS), based on his presentation at The Hackett Group's 2016 European Best Practices Conference. German: http://www.chemanager-online.com/themen/management/solvays-business-services-motor-fuer-wachstum-und-staerke

April 4, 2017
Baseline, "Obstacles on the Path to Digital Transformation,"

Digital transformation is fundamentally changing business and IT models. It is introducing new and often remarkable opportunities for innovation and disruption. However, the path to success is typically paved with more than a few obstacles. A newly released report from the Hackett Group, "The CIO Agenda: Closing the Digital Transformation Confidence Gap in 2017," provides some insight and perspective on how businesses are approaching this space, how they are dealing with the need for new strategies and competencies, and how cyber-security is affecting these initiatives.

April 3, 2017
Risk Management (UK), "Why do M&As Fail?"

Snapping up rivals or merging with powerful competitors to create mega-companies that dominate markets has long been a strategy for business growth, and nothing excites financial markets more than news of large deals. But there is a catch: Most mergers fail. Including insights from The Hackett Group's Phillip King.

April 1, 2017
Supply Chain Dive, "Procurement must go digital to keep up with the pack,"

More and more, digitization is becoming an anchor for growth strategies and procurement is no exception, Supply Chain Digest reports. Yet, a recent survey by IT service management consultants The Hackett Group reveals procurement budgets are expected to rise just 1% this year, placing a strain on innovation. As a result, the group identified four lower-cost digitization priorities procurement professionals can pursue: speeding the purchase to pay process; reducing regulatory non-compliance; improving organizational agility and supporting enterprise-wide digital goals.

March 30, 2017
GTNews.com (UK), "Finance leaders struggling with the digital revolution."

Finance leaders fully recognise the unprecedented opportunity to drive performance improvement via digital transformation, but most lack a comprehensive strategy and are unclear on where or how to deploy digital technology to their best advantage, says The Hackett Group.

March 29, 2017
CFO, "Finance Departments Still Facing Budget Cuts,"

CFO optimism may be at its highest level in decades in the United States, but CFOs are still taking a scalpel to their finance organizations in a bid to run more efficiently. According to The Hackett Group's Key Issues Study for 2017, despite executives' projections of revenue growth of 4.1% in 2017, finance organizations' budgets will be cut by an average of 3.8%.

March 29, 2017
Spendmatters.com, "Tackling Procurement's Digital Transformation Capability Gap."

Technology is a double-edged sword. Or at least according to the executives surveyed in the 2017 edition of The Hackett Group's annual Key Issues Study. While most procurement organizations think that the "march to digital" will bring fundamental changes to the way their services are delivered, few consider themselves prepared. In addition, executives cited cybersecurity as their top business risk for 2017 - and they expect it to get worse.

March 22, 2017
Supply & Demand Chain Executive, "Putting the Pieces Together,"

According to the Chartered Institute of Procurement and Supply, "Supplier relationship management (SRM) is a comprehensive approach to procurement managing and capturing the post-contract value from key business relationships. SRM enables procurement to operate at a strategic level by adopting a more collaborative approach and developing key relationships," which in turn "generates more value from the relationship in terms of innovation and efficiency." Including insights from The Hackett Group's Chris Sawchuk.

March 21, 2017
Enterprisetimes.co.uk (UK), "ConnXus and SAP Ariba improve supplier diversity together."

Supplier diversity is a challenge and an opportunity for companies across the globe. SAP has just announced a partnership between SAP Ariba and ConnXus at SAP Ariba live today. The partnership will make it easier for companies to improve the diversity of their suppliers. Including insights from The Hackett Group's supplier diversity research.

March 20, 2017
Treasury & Risk, "Credit Management Technology Plays Catch-Up,"

As companies go about their business, one of the big risks they face is among the most mundane: customers paying them late, or not paying them at all. And credit teams, which are charged with handling this risk, are finding that as the world speeds up... Including insights from The Hackett Group's Veronica Wills.

March 15, 2017
Wall Street Journal, "Corporate Finance Offices Feel the Pinch,"

Cost cutting to hit finance departments despite positive growth expectations, says Hackett Group. (subscription required)

March 13, 2017
LinkedIn Blog, "When to apply RPA in Finance"

Blog post by The Hackett Group's Nilly Essaides.

March 10, 2017
LinkedIn Blog, "Your social media profile paints your leadership persona"

A blog post by The Hackett Group's Rick Pastore.

March 9, 2017
The Digitalist, "CFO must become Digitally Savvy"

Guest blog post by The Hackett Group's Nilly Essaides.

March 7, 2017
Wall Street Journal's CFO Journal, "Need an Accountant? Try a Robot Instead,"

A good accountant is hard to find. Some companies are avoiding the search by replacing human bean counters with computer software. Including insights from The Hackett Group's 2017 Key Issues research. (subscription required)

March 7, 2017
LinkedIn Blog, "How can IT be Customer-Centric?"

A blog post by The Hackett Group's Rick Pastore.

March 6, 2017
LinkedIn Blog, "What will the Finance Operating Model Look Like in 2025"

Blog post by The Hackett Group's Nilly Essaides.

March 1, 2017
Computerweekly, "How CIOs can apply IT supplier management skills to digitization,"

The digital supply chain can be managed in much the same way as the software supply chain, where CIOs have gained expertise in working with multiple providers to effectively run a complex ecosystem. The Hackett Group's Rick Pastore and Scott Holland offer insights on IT's role in digital transformation.

March 1, 2017
LinkedIn Blog, "The Burning Platform for Better MDM"

Blog post by The Hackett Group's Nilly Essaides.

February 28, 2017
Cips.org (UK), "Supplier diversity does not cut efficiency or quality."

Companies putting time and money into supplier diversity programmes experience no loss in efficiency or quality, according to research from The Hackett Group.

February 28, 2017
Supply Management (UK), "Supplier diversity does not cut efficiency or quality,"

Companies putting time and money into supplier diversity programmes experience no loss in efficiency or quality, according to research from The Hackett Group.

February 28, 2017
LinkedIn Blog, "Supply Chain Software: The More Things Change, the More They Stay the Same"

A blog post by The Hackett Group's Patrick Connaughton.

February 23, 2017
Supply & Demand Chain Executive, "Top Supplier Diversity Programs Drive Increased Market Share,"

Virtually all diversity suppliers meet or exceed expectations, and top corporate performers in supplier diversity experience no loss in efficiency, according to new research from The Hackett Group, Inc. In addition, they see improved quality and often extract other benefits, including increased market share and access to new revenue opportunities. The research challenges the attitude of many business leaders, who worry that dedicating resources to supplier diversity will divert attention from other strategic activities.

February 22, 2017
LinkedIn Blog, "The 2017 CPO Agenda: Keeping Pace with and Enabling Digital Transformation - Part 3"

A blog post by The Hackett Group's Patrick Connaughton.

February 20, 2017
Financialdirector.co.uk (UK/Global), "Brexit and working capital impact: How should organisations prepare?"

Karan Lal of REL, a division of The Hackett Group, explores the impact of Brexit on working capital, and how businesses can adapt to a new economic environment in the UK.

February 15, 2017
SSON Network, "How To Succeed With Shared Services in Today's World,"

An interview on the role of shared services organizations, evolution, and future trends with The Hackett Group's Tom Bangemann, by Pedro Moriera.

February 15, 2017
LinkedIn Blog, "Developing Culture and Talent Is Critical to Fostering Agility"

A blog post by The Hackett Group's Patrick Connaughton.

February 14, 2017
Linkedin Blog: "Why and How to Build an FP&A CoE?"

Bylined article by The Hackett Group's Nilly Essaides.

February 12, 2017
Treasury & Risk, "The Tech Angle on Working Capital,"

There are plenty of pain points when it comes to improving payables and receivables processes, but technology can help solve them. Including insights and data from The Hackett Group's Veronica Wills and Amy Fong.

February 8, 2017
Digitalist, "Closing the Gap in Finance Digital Execution Capabilities,"

Bylined article by The Hackett Group's Nilly Essaides.

February 6, 2017
LinkedIn Blog, "Closing the Digital Transformation Confidence Gap"

A blog post by The Hackett Group's Rick Pastore.

February 6, 2017
Linkedin Blog: "Study Shows Four Imperatives for Finance in 2017"

Bylined article by The Hackett Group's Nilly Essaides.

February 3, 2017
CFO, "Master of all Metrics"

How CFOs can take charge of nonfinancial performance measures without alienating the rest of the organization. With insights from The Hackett Group's Jason Balogh.

February 1, 2017
ComputerWorld, "Does Your Data Discriminate"

Implicit biases hidden under the surface of your data sets could be skewing your algorithms and leading to bad decisions. With insights from The Hackett Group's Allan Frank.

February 1, 2017
Linkedin Blog: "Is the New Finance Delivery Model Better?

Bylined article by The Hackett Group's Nilly Essaides.

January 31, 2017
Personneltoday.com (UK/Global), "Five things top HR functions do to support world-class businesses"

What makes top-performing HR departments stand out from the rest? The Hackett Group's HR practice leader for Europe, Dorothée El-Khoury, reveals the results of its research.

January 25, 2017
Spend Matters (UK), "The Fujitsu Procurement Transformation Story,"

An indepth profile of Fujitsu's procurement transformation journey, based on Fujitsu's presentation at The Hackett Group's 2016 European Best Practices Conference.

January 25, 2017
Harvard Business Review, "The Transformational Impact of Business Apps on the Enterprise"

Cloud-based business apps are more than another technology deployment. Increasingly, companies treat them as a strategic imperative to drive business transformation. Including insights from The Hackett Group's Allan Frank.

February 1, 2017
ComputerWorld, "Does Your Data Discriminate"

Implicit biases hidden under the surface of your data sets could be skewing your algorithms and leading to bad decisions. With insights from The Hackett Group's Allan Frank.

January 25, 2017
LinkedIn Blog, "The 2017 CPO Agenda: Keeping Pace with and Enabling Digital Transformation - Part 2"

A blog post by The Hackett Group's Patrick Connaughton.

January 18, 2017
Linkedin Blog: "Eight Factors Driving EPM Cloud Adoption Momentum,"

Bylined article by The Hackett Group's Nilly Essaides.

January 13, 2017
LinkedIn Blog, "The 2017 CPO Agenda: Keeping Pace with and Enabling Digital Transformation - Part 1"

A blog post by The Hackett Group's Patrick Connaughton.

January 9, 2017
GTNews.com (UK/Global), "Scale or fail: how decentralized firms can boost performance"

Decentralised firms often have a hard time achieving world-class working capital performance. A bylined article by The Hackett Group's Gerhard Urbasch.

January 5, 2017
Digitalist, "Start Preparing Your Talent Now for Digital Transformation,"

Bylined article by The Hackett Group's Nilly Essaides.

January 2, 2017
Linkedin Blog: "FP&A 2017 Challenge: Transforming the Service Delivery Model"

Bylined article by The Hackett Group's Nilly Essaides.

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.