Platform Accelerates Benefit Realization and ROI For Oracle Cloud Applications Implementations
MIAMI & LONDON, October 20, 2017 – At Oracle OpenWorld 2017, The Hackett Group, Inc. (NASDAQ: HCKT) launched its Digital Transformation Platform™, a proprietary Oracle Cloud diagnostic and implementation system. Using the platform, companies can improve ROI and optimize their Oracle cloud configurations using The Hackett Group’s performance targets, best practices and inventory of optimized cloud configuration solutions.
This platform allows companies to quickly and easily identify areas of opportunity and performance gaps by leveraging The Hackett Group’s nearly 2000 certified best practices. Specifically, this platform takes the client through a user-friendly portal to: clarify which practices and performance targets are most relevant to their situation; connect the client to the associated practices and performance levels necessary to achieve those benefits; and create a direct linkage from targets and best practices to how the related Oracle Cloud modules (ERP, HCM, EPM) should be used and configured to realize target improvements.
With this capability, companies can expect scoping, requirements and design activities to be greatly reduced from traditional means involving multiple weeks and months of working sessions. Instead, the platform will lead a company through the process steps and analysis in an efficient, digital manner. Most importantly, companies will dramatically impact their focus and uses of the various cloud modules on the specific capabilities that will enable Hackett-Certified® Best Practices and align to top-side business case targets.
With the advent of digital and cloud, companies are overwhelmed with various options, questions and”promises” in relation to technology alternatives, benefits and rapid implementation timelines. This platform creates the foundation to address these questions with proven practices, business benefits and in conjunction with Oracle’s market-leading integrated suite of cloud applications.
The Hackett Group is a platinum level member of Oracle PartnerNetwork (OPN), with a Cloud Premier designation within the OPN Cloud program.
“Two years ago at Oracle’s OpenWorld we listened to Oracle leadership speak to their rapid migration to cloud applications. In response, we have been digitizing all our Benchmarking and Best Practices IP into the Digital Transformation Platform. This platform is our way of aligning to Oracle’s vision of rapid cloud application adoption in the market place,” said Scott McHale, Oracle Technology Leader for The Hackett Group.
The Hackett Group’s Digital Transformation platform is currently focused on the Oracle ERP Cloud Financials, HCM and EPM Planning modules, and is rapidly under-development to expand to the full ERP, EPM and HCM Oracle module set by calendar year-end.
“As waves of companies begin to embrace cloud applications, there is even more pressure on successful implementations and solutions that both help companies align with best practices and truly deliver value to the business,” said Ted A. Fernandez, Chairman & CEO of The Hackett Group.”The Hackett Digital Transformation platform does an exceptional job in both of these areas. It helps organizations quickly know which improvement opportunities will drive the greatest value, by enabling them to compare themselves with peer and world-class performers. Then it helps them build the direct linkage from targeted business performance improvements to Oracle cloud module use – giving clients the”line of sight” from business performance to the cloud suite. Targets, metrics, best practices, and module-by-module cloud application configuration are all at their fingertips.”
“Customers are always seeking new ways to measure and improve the value of IT investments like Oracle Cloud,” said Keith McMahon, Vice President, Oracle. “Tools like The Hackett Group’s Digital Transformation Platform can help customers achieve this goal.”
About The Hackett Group, Inc.
The Hackett Group (NASDAQ: HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices digital transformation firm to global companies, offering digital transformation including robotic process automation and enterprise cloud application implementation. Services include business transformation, enterprise analytics, working capital management and global business services. The Hackett Group also provides dedicated expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement and information technology, including its award-winning Oracle and SAP practices.
The Hackett Group has completed more than 17,850 benchmarking studies studies with major corporations and government agencies, including 93% of the Dow Jones Industrials, 90% of the Fortune 100, 80% of the DAX 30 and 57% of the FTSE 100. These studies drive its Best Practice Intelligence Center™ which includes the firm’s benchmarking metrics, best practices repository and best practice configuration guides and process flows, which enable The Hackett Group’s clients and partners to achieve world-class performance.
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) is Oracle’s partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle’s products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program – an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more visit: www.oracle.com/partners.
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Cautionary Statement Regarding “Forward Looking” Statements Pertaining to Hackett
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 Hackett’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 Hackett to effectively market and deliver the Digital Transformation Platform against competition from other consulting organizations who may have or develop in the future, similar offerings, the commercial viability of the Digital Transformation Platform, changes in expectations regarding technology products, Hackett’s ability to market and sell its consulting and transformation services, Oracle’s continued status as a leading solution in the ERP Cloud business applications area, the ability of Hackett to attract skilled employees, changes in collections of accounts receivable, risk of competition, price and margin trends, changes in general economic conditions and interests rates as well as other risk detailed in Hackett’s reports filed with the United States Securities and Exchange Commission. Hackett does not undertake any duty to update this release or any forward looking statements contained herein.