Articles from The Hackett Group, Inc.

The Hackett Group, Inc. (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today announced the launch of AI XPLR™ 3.0, the latest evolution of its AI XPLR™ platform. AI XPLR™ 3.0 introduces advanced capabilities that significantly accelerates Gen AI solution ideation, evaluation, development and deployment.

The Hackett Group, Inc. – (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today announced the launch of its Gen AI Executive Advisory Program. This new premium program is designed to accelerate and enhance an organization’s overall Gen AI initiatives through an advisor-led approach. The program expands The Hackett Group’s Executive Advisory capabilities and leverages the latest AI ideation through implementation learnings from its industry-leading AI XPLR™ and ZBrain™ platform engagements.

The Hackett Group, Inc. (NASDAQ: HCKT), a leading Gen AI strategic consultancy and executive advisory firm, today announced findings from its 2025 Key Issues Study, revealing that human resources leaders are rapidly adopting generative AI (Gen AI) to advance human capital objectives. Sixty-six percent of human resources (HR) organizations are already using AI-powered tools in some capacity. Yet, HR workloads are set to rise by 10% in 2025 while budgets shrink by 1.5% and headcounts decline by 2%, creating a 12% productivity gap. AI-driven automation will be critical to closing this divide.

The Hackett Group, Inc. (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today released findings from its 2025 Key Issues Study, revealing that AI is rapidly redefining procurement. Indeed, 64% of procurement leaders expect AI and Gen AI to transform their roles within five years. Despite this shift, procurement faces a critical challenge: workloads are projected to increase by 10% in 2025, while budgets grow just 1% – creating a 9% efficiency gap.

The Hackett Group, Inc. (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today announced findings from its 2025 Key Issues Study, revealing that 89% of executives are advancing Gen AI initiatives – up from just 16% a year ago. Gen AI has moved from exploration to acceleration, and the study finds that finance leaders will increasingly be looked upon for transformation leadership. In fact, 65% of finance executives described their organization as a “valued business partner” – a significant jump from 41% last year – signaling that the finance function is evolving into a more strategic role within the enterprise. Yet, AI adoption within the finance function is still in its early stages and expected to grow 20% this year.

The Hackett Group, Inc. (NASDAQ: HCKT) today announced that it will release financial results for the first quarter ended March 28, 2025 on Tuesday, May 6, 2025 after the close of regular market hours.

The Hackett Group, Inc. (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today released findings from its 2025 Key Issues Study, revealing that global business services (GBS) organizations are rapidly advancing their AI adoption. In 2024, 42% of GBS organizations piloted Gen AI, and 63% of these early adopters reported measurable gains in productivity, cost savings, and service quality. With AI’s transformational potential now proven, GBS leaders must accelerate deployment or risk falling behind.

The Hackett Group, Inc. (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today released findings from its 2025 Key Issues Study, revealing that 89% of executives are accelerating Gen AI initiatives – up from just 16% last year. This surge reflects a pivotal shift from exploration to acceleration, as enterprises fast-track Gen AI to achieve their top business goals.

The Hackett Group, Inc. (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, released findings from its 2025 Key Issues Study, revealing how AI is poised to reshape supply chains. Approximately 50% of supply chain leaders are testing Gen AI, yet full-scale deployment remains nascent. As economic uncertainty and cost pressures mount, supply chain executives must act now to accelerate AI-driven transformation and remain competitive.

The Hackett Group, Inc. (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, has released its latest Digital World Class® Matrix, focusing on the MDM software marketplace. The report reveals leading vendors in the space and examines the critical relationship between Gen AI and MDM and governance.

The Hackett Group, Inc. (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today announced the findings of its 2025 Key Issues Study, revealing that 89% of enterprises are actively advancing Gen AI initiatives – a seismic shift from just 16% in the prior year. With customer experience, market expansion and product innovation emerging as the top business objectives for 2025, executives expect Gen AI to play a key role in delivering these priorities.

The Hackett Group, Inc. (NASDAQ: HCKT), an IP platform-based, Gen AI strategic consulting and executive advisory firm that enables Digital World Class® performance, today announced its financial results for the fourth quarter, which ended on December 27, 2024.

The Hackett Group, Inc. (NASDAQ: HCKT) has released its latest Digital World Class® Matrix focusing on the talent acquisition (TA) software marketplace. The report examines how rapid automation and generative artificial intelligence (Gen AI) advances affect recruiting outcomes and reveals leading vendors.

According to new research from The Hackett Group, Inc. (NASDAQ: HCKT), Digital World Class® human resources (HR) organizations have continued to establish their leadership through notable efficiency improvements and strategic investments in technology. These advancements have resulted in significantly lower labor costs, increased productivity and a robust foundation for the successful integration of generative artificial intelligence (Gen AI), projected to enhance HR efficiency by 51%.

The Hackett Group, Inc. (NASDAQ: HCKT), a leading Gen AI strategic consultancy, will ring the Nasdaq Stock Market Opening Bell on Friday, November 15, 2024. The event celebrates the company’s recent acquisition of Gen AI development firm LeewayHertz. This milestone marks a significant step in expanding The Hackett Group’s AI capabilities, resulting in a comprehensive end-to-end AI solution for clients – from ideation through implementation. The transaction combined The Hackett Group’s world-class intellectual property and AI XPLR™ platform with LeewayHertz’s Gen AI development capabilities and ZBrain™ platform.

The Hackett Group, Inc. (NASDAQ: HCKT) reports that European companies have encountered critical challenges in managing their working capital in 2024. The latest European Working Capital Survey reveals a €1.3 trillion opportunity in untapped working capital, accentuating the urgency for companies to optimize their working capital management amid ongoing economic uncertainties.

The Hackett Group, Inc. (NASDAQ: HCKT), bp and Thought Industries have been jointly recognized by the Brandon Hall Group – the human capital management research firm – for the development and execution of bp’s employee learning certification program. The award honors certification programs designed to support competency and/or skill development within an organization, and improve employee retention and promotion rates.

The Hackett Group, Inc. (NASDAQ: HCKT), an IP and platform-based, Gen AI strategic consulting and executive advisory firm that enables Digital World Class® performance, today announced its financial results for the third quarter, which ended on September 27, 2024.

The Hackett Group, Inc. (NASDAQ: HCKT) today announced that it will release financial results for the third quarter ended September 27, 2024 on Monday, November 4, 2024 after the close of regular market hours.

According to new research from The Hackett Group, Inc. (NASDAQ: HCKT), Digital World Class® procurement organizations can expect staff productivity to increase by 54% and process costs to be cut by 47% with the adoption of generative artificial intelligence (Gen AI).

The Hackett Group, Inc. (NASDAQ: HCKT) today announced the winners of its 11th Annual Digital Awards, which spotlight companies on the cutting edge of digital transformation. These companies have successfully hyper-automated a wide range of end-to-end business processes through their creative application of intelligent automation, advanced analytics and artificial intelligence (AI).

The Hackett Group, Inc. (NASDAQ: HCKT), a leading Gen AI strategic consultancy and executive advisory firm today announced the acquisition of LeewayHertz, a highly recognized provider of advanced Gen AI solutions. This acquisition marks a significant milestone in The Hackett Group's aggressive strategy to become a leading architect of its clients’ Gen AI journey. The transaction combines Hackett’s enterprise Digital transformation World Class IP with LeewayHertz’s Gen AI advanced solutioning and implementation capabilities, as well as their respective market leading AI XPLR and ZBrain.ai software platforms. The Gen AI consulting and software platform combinations are expected to result in a comprehensive end to end capability that accelerates and enhances its client’s ideation through implementation AI initiatives.

The Hackett Group, Inc. (NASDAQ: HCKT) is delighted to announce it has been named Coupa EMEA Partner of the Year. This recognition honors The Hackett Group’s EMEA Coupa implementation team for their outstanding performance in driving project execution and the most successful go-lives over the past year.

The Hackett Group, Inc. (NASDAQ: HCKT) released the first Digital World Class Matrix™ focused on the contract life-cycle management (CLM) and intelligence software market – a core component of the upstream procurement tools within the source-to-pay (S2P) technology landscape driven by rapid artificial intelligence (AI) innovation and increasingly complex business requirements.

The Hackett Group, Inc., (NASDAQ: HCKT) reports that for the first time in a decade, the largest publicly traded companies in the U.S. have experienced simultaneous degradation across all major working capital metrics, according to their new research. This triple threat points to a critical turning point, revealing a staggering $1.76 trillion in untapped working capital opportunity, stressing the urgency for companies to optimize and free up cash amidst ongoing economic uncertainties.

The Hackett Group, Inc. (NASDAQ: HCKT), a leading Gen AI strategic consultancy and executive advisory firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the second quarter, which ended on June 28, 2024.

The Hackett Group, Inc. (NASDAQ: HCKT) is collaborating with Oracle to offer a new Hackett Pay™ managed services solution for Oracle Payroll. Hackett Pay™ is designed to provide companies with comprehensive support for their payroll operations, including full business process outsourcing, staff support, and access to The Hackett Group’s best practices for payroll optimization and more.

The Hackett Group, Inc. (NASDAQ: HCKT) today announced that it will release financial results for the second quarter ended June 28, 2024 on Tuesday, August 6, 2024 after the close of regular market hours.

The Hackett Group, Inc. (NASDAQ: HCKT), released its first Digital World Class Matrix™ focused on the human capital management (HCM) software market – a growing segment of the human resources (HR) technology landscape – driven by technology innovation and increasing HR demands.

The Hackett Group, Inc. (NASDAQ: HCKT) has fully integrated leading-edge generative artificial intelligence (Gen AI) data and insights from its recent in-depth conversations with hundreds of leading global companies and its groundbreaking AI XPLR™ platform into its Executive Advisory membership programs. AI XPLR empowers executives with critical insight on how to develop comprehensive plans to fully capture and deploy their Gen AI opportunities. It also allows The Hackett Group® to participate as key architects of their client’s Gen AI journey.

The Hackett Group, Inc. (NASDAQ: HCKT), released their first Digital World Class Matrix™ focusing on MPHRO vendors – a market undergoing unprecedented transformation.

Today, The Hackett Group, Inc. (NASDAQ: HCKT), an IP-based Gen AI strategic consulting and executive advisory firm that enables Digital World Class® performance, is pleased to announce it has been honored with OneStream Software’s prestigious Finance Transformation Award at this year's OneStream Splash event in Las Vegas, NV. This award recognizes The Hackett Group's exceptional work in transforming the financial operations at Pella, a leading manufacturer of windows and doors in North America.

The Hackett Group, Inc. (NASDAQ: HCKT), a leading benchmarking, executive advisory and strategic consultancy firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the first quarter, which ended on March 29, 2024.

The Hackett Group, Inc. (NASDAQ: HCKT) today announced that it will release financial results for the first quarter ended March 29, 2024 on Tuesday, May 7, 2024 after the close of regular market hours.

Today’s modern, cloud-based enterprise performance management (EPM) software delivers dramatically greater value realization than legacy solutions, according to new EPM Digital World Class Matrix™ research from The Hackett Group, Inc. (NASDAQ: HCKT). The research found that customer requirements are one factor driving vendor innovation, and integration of artificial intelligence (AI) is a clear focus of leading software providers in their efforts to deliver productivity improvements and greater insight.

The Hackett Group, Inc. (NASDAQ: HCKT), a leading benchmarking, executive advisory and strategic consultancy firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the fourth quarter, which ended on December 29, 2023.

A new Digital World Class Matrix™ analysis and ranking of 18 leading customer-to-cash (C2C) receivables creation software providers by The Hackett Group, Inc. (NASDAQ: HCKT) finds that the market contains both mature, well-established software providers and new entrants. The research found that leaders deliver far greater value and breadth of capabilities than other software providers, which translated to exceptionally high customer satisfaction. The research found that higher-rated software providers in this category offer clients dramatically greater value realization.

Cost containment and cash flow optimization have jumped to the top of the priority list for finance leaders for 2024, in response to an uncertain economic outlook, potential for slowing or stalling of global growth, and the unprecedented confluence of inflationary price increases, rising interest rates, supply market challenges, and geopolitical instability, according to new Finance Key Issues research from The Hackett Group, Inc. (NASDAQ: HCKT).

The Hackett Group, Inc. (NASDAQ: HCKT) today announced that it will release financial results for the fourth quarter ended December 29, 2023 on Tuesday, February 20, 2024 after the close of regular market hours.

A new Hackett Value Matrix™ analysis of 15 leading finance and accounting outsourcing (FAO) service providers by The Hackett Group, Inc. (NASDAQ: HCKT) finds that the market contains many mature and well-established service providers that deliver comparable levels of value realization and breadth of capabilities. The research recommends that companies seek assistance from expert advisors in the selection process to help them identify the partner(s) that best address their specific needs, and to shape and secure a digital-ready contract that is fully aligned to their business objectives.

The Hackett Group, Inc. (NASDAQ: HCKT), a leading benchmarking, executive advisory and strategic consultancy, has launched Ai XPLR™, a readiness and opportunity assessment that leverages the extensive proprietary benchmark database of The Hackett Group® to enable companies to quickly and comprehensively identify opportunities to harness artificial intelligence (AI) across key business services domains, including finance, procurement, human resources and global business services (GBS) organizations. The Hackett Group’s Ai XPLR is the tip of the spear and first of many new generative AI-related offerings that will be introduced by the company.

The Hackett Group, Inc. (NASDAQ: HCKT), a leading benchmarking, executive advisory and strategic consultancy firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the third quarter, which ended on September 29, 2023.

The largest U.S. companies saw their ability to extend payments to suppliers, collect from customers and manage inventory degrade in the first half of 2023, according to new working capital research from The Hackett Group, Inc. (NASDAQ: HCKT). The research provides further evidence of the trend that has been emerging over the past year – that buyers have lost leverage with suppliers and can no longer simply delay payments to improve their own balance sheet. Rising inventories for utility and semiconductor and equipment companies played a major role in the degraded inventory performance.

The Hackett Group, Inc. (NASDAQ: HCKT) today announced that it will release financial results for the third quarter ended September 29, 2023 on Tuesday, November 7, 2023 after the close of regular market hours.

Digital World Class® technology organizations deliver far greater value than their peers and are more resilient and better able to navigate uncertainty, while also spending 18% less and operating with 27% fewer staff, according to new research from The Hackett Group, Inc. (NASDAQ: HCKT).

The Hackett Group, Inc. (NASDAQ: HCKT) today announced the winners of its 10th Annual Digital Awards, which spotlight companies that are on the cutting edge of creating competitive advantage and delivering measurable benefits at scale using digital transformation solutions. These leaders often combine intelligent automation, advanced analytics and artificial intelligence (AI) to hyper-automate end-to-end business processes.

The Hackett Group, Inc. (NASDAQ: HCKT) today announced the availability of its purchase-to-pay (P2P) software solutions market intelligence research. 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.

The Hackett Group, Inc. (NASDAQ: HCKT), a leading benchmarking, research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the second quarter, which ended on June 30, 2023.

The Hackett Group, Inc. (NASDAQ: HCKT) today announced that it will release financial results for the second quarter ended June 30, 2023 on Tuesday, August 8, 2023 after the close of regular market hours.

The largest U.S. companies found it much harder to extend payments to suppliers in 2022, and have likely hit a ceiling on the practice of supplier payment terms optimization that has historically helped them bolster their balance sheets, according to new working capital research from The Hackett Group, Inc. (NASDAQ: HCKT).

The Hackett Group, Inc. (NASDAQ: HCKT), a leading benchmarking, research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the first quarter, which ended on March 31, 2023.

One-size-fits-all hybrid work policies are more likely than other options to have a negative impact on employee engagement, retention and the amount of work done each day, according to new hybrid work research from The Hackett Group, Inc. (NASDAQ: HCKT). At the same time, giving employees greater choice drives improvements in all these areas, the research found.

The Hackett Group, Inc. (NASDAQ: HCKT) today announced that it will release financial results for the first quarter ended March 31, 2023 on Tuesday, May 9, 2023 after the close of regular market hours.

The Hackett Group, Inc. (NASDAQ: HCKT) today announced that its Market Intelligence Service has launched a new research project that will evaluate and rank finance and accounting outsourcing solutions providers.

Modern customer-to-cash (C2C) receivables platforms deliver superior value realization and return on investment when compared to legacy applications, according to new Market Intelligence Service research from The Hackett Group, Inc. (NASDAQ: HCKT). Modern platforms offer improved cash flow management, better customer and employee experience, touchless capabilities and superior AI and analytics. Benefits include:

There’s a troubling disconnect between human resources (HR) organizations’ priorities for 2023 and their ability to make improvements, according to new HR Key Issues research from The Hackett Group, Inc. (NASDAQ: HCKT).

Ensuring supply continuity and combatting inflationary price increases are the top two priorities for procurement organizations in 2023, while talent management has jumped to the top of procurement’s list of planned improvement initiatives, according to new CPO Agenda research from The Hackett Group, Inc. (NASDAQ: HCKT). But strategic priorities are driving procurement’s continued focus on reducing spend cost, and pursuing digital transformation remain critical, along with improving analytics and insight capabilities.

Corporate finance leaders expect to remain focused on digital transformation in 2023 to address recession, inflation, geopolitical turmoil and talent shortages, according to the 2023 CFO Agenda research from The Hackett Group, Inc. (NASDAQ: HCKT). Other top priorities for the year include providing support for growth strategies, better preparedness for issues they cannot control, improving business partnering and enhancing finance agility, the research found.

The Hackett Group, Inc. (NASDAQ: HCKT), a leading benchmarking, research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class™ performance, today announced its financial results for the fourth quarter, which ended on December 30, 2022.

The Hackett Group, Inc. (NASDAQ: HCKT) today announced that it will release financial results for the fourth quarter ended December 30, 2022 on Tuesday, February 21, 2023 after the close of regular market hours.

The Hackett Group, Inc. (NASDAQ: HCKT) (“Hackett” or the “Company”), a leading benchmarking, research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class™ performance, today announced the final results of its modified “Dutch auction” tender offer (the “Offer”) to purchase up to $120 million in value of its common stock, par value $0.001 per share (the “Common Stock”), which expired at 12:00 midnight, New York City time, at the end of the day on December 8, 2022.

The Hackett Group, Inc. (NASDAQ: HCKT) (“Hackett” or the “Company”), a leading benchmarking, research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class™ performance, today announced the preliminary results of its modified “Dutch auction” tender offer (the “Offer”) to purchase up to $120 million in value of its common stock, par value $0.001 per share (the “Common Stock”), which expired at 12:00 midnight, New York City time, at the end of the day on December 8, 2022.

The Hackett Group, Inc. (NASDAQ: HCKT) (“Hackett” or the “Company”), a leading benchmarking, research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class™ performance, today announced that it has commenced a modified “Dutch auction” tender offer to purchase up to $120 million in value of its common stock at a price not greater than $23.50 nor less than $20.50 per share. The tender offer begins today, November 9, 2022, and will expire at 12:00 midnight, New York City time, at the end of the day on December 8, 2022, unless extended or terminated by the Company.

The Hackett Group, Inc. (NASDAQ: HCKT), a leading benchmarking, research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class™ performance, today announced its financial results for the third quarter, which ended on September 30, 2022.

The largest public companies in the U.S. may have reached the limits of their ability to stretch payables terms with suppliers in mid-2022, as they fairly successfully navigated inventory management in the face of high levels of global uncertainty, according to the Q2 2022 update to the Working Capital Survey performed by The Hackett Group, Inc. (NASDAQ: HCKT).

The Hackett Group, Inc. (NASDAQ: HCKT) today announced that it will release financial results for the third quarter ended September 30, 2022 on Tuesday, November 8, 2022 after the close of regular market hours.

Cloud is quickly becoming the corporate norm, and is being used by companies to drive dramatic improvements beyond cost and scalability, including increased innovation, faster time to market and insights and enhanced cybersecurity, according to a global Cloud Services Study recently completed by The Hackett Group, Inc. (NASDAQ: HCKT).

The Hackett Group, Inc. (NASDAQ: HCKT) today announced the launch of a new Market Intelligence Service for software and service providers designed to provide corporate executives with critical intelligence and insights that can inform their purchasing decisions. The Market Intelligence Service will measure software and service providers’ ability to deliver business value and their unique capabilities to help companies achieve Digital World Class performance levels.

The Hackett Group, Inc. (NASDAQ: HCKT) today announced the winners of its 2022 Digital Awards, which spotlight companies that are on the cutting edge of creating competitive advantage and delivering measurable benefits at scale using digital transformation solutions. These leaders often combine customer-centric automation, advanced analytics, and artificial intelligence (AI) to hyper-automate end-to-end business processes. This year’s winners, and their win categories, are: 3M (Purchase-to-Pay), Allied World Insurance Company (Market-to-Opportunity), DBS Bank (Business Operations), Duke Energy (Plan-to-Source-to-Make-to-Deliver), ENGIE (Order-to-Cash), MTN Group (Source-to-Purchase), and Pfizer (Hire-to-Retire).

The Hackett Group, Inc. (NASDAQ: HCKT), a global intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices digital transformation firm, today announced its financial results for the second quarter, which ended on July 1, 2022.

For the first time in a decade, the 1000 largest public companies in the U.S. improved performance of all three major working capital components last year – they managed inventory more effectively, collected from customers faster, and took longer to pay suppliers, according to the 2022 Working Capital Survey from The Hackett Group, Inc. (NASDAQ: HCKT). But despite this triple improvement, the overall working capital improvement opportunity increased substantially.

The Hackett Group, Inc. (NASDAQ: HCKT) today announced that it will release financial results for the second quarter ended July 1, 2022 on Tuesday, August 9, 2022 after the close of regular market hours.

Technology leaders are prepared to address the transition to virtual work and as-a-service deployment in 2022 – two of the most likely disruptive scenarios, according to new Technology Key Issues research from The Hackett Group, Inc. (NASDAQ: HCKT). However, according to the research, they lack confidence in their ability to deal with several other issues, including persistent skill shortages and the ability to develop more mature enterprise analytics capabilities that can drive business value.

HR leaders lack confidence in their ability to achieve seven of their top 10 priorities for 2022, according to new HR Key Issues research from The Hackett Group, Inc. (NASDAQ: HCKT). It will take improvements in digital transformation, talent strategies and more for them to succeed.

The Hackett Group, Inc. (NASDAQ: HCKT), a global intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices digital transformation firm, today announced its financial results for the first quarter, which ended on April 1, 2022.