Hackett | Jotup

The Hackett Group Announces Third Quarter 2023 Results

Retrieved on:

Tuesday, November 7, 2023

GAAP diluted earnings per share was $0.34 in the third quarter of 2023, as compared to $0.32 in the third quarter of 2022.

Key Points:

GAAP diluted earnings per share was $0.34 in the third quarter of 2023, as compared to $0.32 in the third quarter of 2022.
During the third quarter of 2023, the Company paid down $9.0 million of its debt balance.
As of the end of the third quarter of 2023, the Company's remaining share repurchase program authorization was $13.9 million.
On Tuesday, November 7, 2023, senior management will discuss third quarter results in a conference call at 5:00 P.M.

The Hackett Group: U.S. Companies See Worsening Performance Of Payables, Collections and Inventory in Q2 2023

Retrieved on:

Thursday, November 2, 2023

Professional Services, Business, Data Analytics, Other Professional Services, Finance, Consulting, Element, Textile, Tax, Biotechnology, Public expenditure, EBITDA, Research, Hackett, DSO, DIO, DPO, Depreciation

Rising inventories for utility and semiconductor and equipment companies played a major role in the degraded inventory performance.

Key Points:

Rising inventories for utility and semiconductor and equipment companies played a major role in the degraded inventory performance.
An analysis of data from 1,000 of the largest U.S. public companies by The Hackett Group® comparing performance in Q2 2023 with Q2 2022 found the most significant decline in days inventory outstanding (DIO), which deteriorated by 7.1% (from 47.2 to 50.5 days).
Oil and gas, telecommunication equipment, utilities, and recreational products showed the greatest degradation in inventory performance.
The Q2 2023 Working Capital Survey update is produced by The Hackett Group’s Working Capital Management Solutions practice.

Hackett: Digital World Class Technology Organizations Deliver More Value, Greater Resilience While Spending 18% Less Than Peers

Retrieved on:

Friday, October 6, 2023

A public version of the research, “Resilience: The Digital World Class Technology Advantage,” is available free, with registration, at https://go.poweredbyhackett.com/rdwcatech2306sm .

Key Points:

A public version of the research, “Resilience: The Digital World Class Technology Advantage,” is available free, with registration, at https://go.poweredbyhackett.com/rdwcatech2306sm .
It contains nearly 40 metrics detailing the performance gap between Digital World Class technology organizations and their peers – plus six key areas where Digital World Class companies excel and a proposed action plan to close the gap.
The Hackett Group’s research answered the question as to why companies aspire to Digital World Class by highlighting an undeniable correlation between Digital World Class status and improved overall enterprise performance.
Beyond the cost and staffing advantages, Digital World Class technology organizations excel across a wide range of business value and operational excellence metrics.

Coupa Named a Leader in the Inaugural Hackett Value Matrix™ Purchase-to-Pay Solution Provider Perspective

Retrieved on:

Thursday, September 28, 2023

Spend, Hackett, Content as a service, Classification, Partner, BSM, CFOS, Organization, Freeman, SAN, P2P, Growth, Ecosystem, Digital, Sales, Online shopping, Coupa

SAN MATEO, Calif., Sept. 28, 2023 /PRNewswire/ -- Coupa today announced that it has been named a Leader in The Hackett Value Matrix™ Purchase-to-Pay (P2P) Solution Provider Perspective.

Key Points:

Recognized for breadth of functionality, strong integration capabilities, and exceptional user interface
SAN MATEO, Calif., Sept. 28, 2023 /PRNewswire/ -- Coupa today announced that it has been named a Leader in The Hackett Value Matrix™ Purchase-to-Pay (P2P) Solution Provider Perspective.
In the first-of-its-kind evaluation, The Hackett Group® provides a holistic look at P2P solution providers through its Hackett Value Matrix™.
Coupa emerged as a Digital World Class® solution provider – the classification for companies achieving both high customer satisfaction ratings as well as an expanded mix of solution capabilities – with uppermost scores in solution maturity, capability breadth, and value realization.
The Hackett Group recognized Coupa's exceptional user interface, ease of navigation, strong user adoption, and highly configurable and customizable platform.

Hackett: 2023 Brings Increasing Cost for HR But Greater Business Impact

Retrieved on:

Thursday, September 28, 2023

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 operational excellence, the research found.

Key Points:

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 operational excellence, the research found.
Typical organizations saw HR operations costs increase by 6% in 2023, while Digital World Class HR organizations experienced a 7% cost increase.
But Digital World Class organizations still spend 33% less than their peers – a $18 million advantage for the average $10 billion company.
But the commitment to technology continues to pay off for Digital World Class HR organizations.

Hackett: Generative AI Will Drive Profound Reductions In SG&A Cost and Staffing -- Up to 40% Over the Next Five to Seven Years

Retrieved on:

Thursday, September 21, 2023

For a typical $10 billion company, Generative AI has the potential to reduce SG&A costs by more than $180 million annually, the research found.

Key Points:

For a typical $10 billion company, Generative AI has the potential to reduce SG&A costs by more than $180 million annually, the research found.
The cost estimates were derived from an analysis of actual performance data for hundreds of components and subcomponents in 17 major end-to-end processes across the SG&A spectrum.
A complimentary version of The Hackett Group’s research note, “Generative AI Will Yield 40% SG&A Cost Reduction,” is available with registration at https://go.poweredbyhackett.com/gai2308sm .
We’ve concluded that Generative AI plays a critical role in the intelligent automation framework, which includes robotic process automation, intelligent data capture, cognitive tools and more.

The Hackett Value Matrix Quantifies the Value Realized From Purchase-to-Pay (P2P) Software Solutions Providers

Retrieved on:

Wednesday, August 23, 2023

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.

Key Points:

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.
View the full release here: https://www.businesswire.com/news/home/20230823641401/en/
The P2P Hackett Value Matrix charts the value realization, breadth of capability and solution maturity for leading purchase-to-pay solutions providers.
Two other solutions providers – Kissflow and Synertrade – are included in the research but were not plotted on the Hackett Value Matrix due to insufficient sample size.
The P2P Hackett Value Matrix and related research is a product of The Hackett Group’s Market Intelligence Service.

The Hackett Group Announces Second Quarter 2023 Results

Retrieved on:

Tuesday, August 8, 2023

Second quarter 2023 adjusted diluted earnings per share, a non-GAAP measure, was $0.39, which was at the high end of our guidance, as compared to $0.38 in the second quarter of 2022.

Key Points:

Second quarter 2023 adjusted diluted earnings per share, a non-GAAP measure, was $0.39, which was at the high end of our guidance, as compared to $0.38 in the second quarter of 2022.
As of the end of the second quarter of 2023, the Company's remaining share repurchase program authorization was $13.9 million.
Subsequent to the end of the second quarter, the Company’s Board of Directors declared its third quarter 2023 dividend of $0.11 per share for its shareholders of record on September 22, 2023, to be paid on October 6, 2023.
On Tuesday, August 8, 2023, senior management will discuss second quarter results in a conference call at 5:00 P.M.

Hackett: Procurement Operating Costs Increase For the First Time in a Decade

Retrieved on:

Thursday, July 20, 2023

Despite increases in year-on-year operating costs, Digital World Class procurement organizations excel at cost optimization compared to typical organizations , The Hackett Group® found.

Key Points:

Despite increases in year-on-year operating costs, Digital World Class procurement organizations excel at cost optimization compared to typical organizations , The Hackett Group® found.
Because of their lower operating costs, Digital World Class procurement organizations now have a $6 million annual cost advantage over their peers (for a typical $10 billion enterprise), the research found.
A public version of the research, “Resilience: The Digital World Class Procurement Advantage,” is available free, with registration, at https://go.poweredbyhackett.com/rdwcafin2305sm .
But despite this, the performance advantage achieved by Digital World Class procurement organizations is more impressive than ever.

Hackett Research: Inflation, Geopolitical Unrest, Other Factors Drive Up Operational Costs of Finance for the First Time in Decades

Retrieved on:

Thursday, July 13, 2023

A public version of the research, “Resilience: The Digital World Class Finance Advantage,” is available free, with registration, at https://go.poweredbyhackett.com/rdwcafin2305sm .

Key Points:

A public version of the research, “Resilience: The Digital World Class Finance Advantage,” is available free, with registration, at https://go.poweredbyhackett.com/rdwcafin2305sm .
While most finance organizations experienced an operational cost increase of 7.5% in 2023, Digital World Class organizations managed to reduce costs by 1.3%, demonstrating greater agility and resiliency.
Also, most finance organizations employed more staff in 2023, while Digital World Class finance organizations reduced staff by 7% and operated with only 50% of the finance staff of peers.
Digital World Class finance organizations improve continuously and now have accumulated a $48 million annual cost advantage over their peers (for a typical $10 billion enterprise).