Market-Leader Launches Game-Changing Digital
Benchmarking Platform
Quantum Leap Enhances Insight and
Accelerates Benefit Realization and ROI
The Hackett Group, Inc. (NASDAQ:HCKT) has launched Quantum Leap,
a game-changing digital benchmarking and performance improvement
platform that dramatically speeds up the benchmarking process,
enabling companies to intelligently assess performance gaps, frame
world-class solutions and ensure improvement success within general
and administrative (G&A) areas such as corporate finance,
procurement, human resources, and information technology.
The Hackett Group’s digital platform is backed by more than
13,000 business benchmarking studies, which offers insight into the
successful behaviors and practices of leading organizations. With
the goal of expediting clients quickly into performance analysis
and improvement, the IP-as-a-service solution also monitors
improvement initiatives and return on investment.
“Digital transformation is further increasing competitive
pressures, making it more important than ever to be able to truly
understand and optimize performance,” said Ted A. Fernandez,
chairman & CEO of The Hackett Group. “The Hackett Group’s
benchmarks have long been the standard for companies seeking to
improve enterprise efficiency and effectiveness. They offer an
unparalleled empirical starting point, enabling companies to see
how their performance compares to both typical and world-class
companies, identify exactly what changes need to be made and how,
and what performance targets to shoot for.”
According to Anthony Snowball, global benchmarking practice
leader, The Hackett Group, “While the value of benchmarking is
unquestionable, it has historically been a labor-intensive process,
making it very challenging for companies to repeat on a regular
basis. However it’s a challenge worth solving for our clients. Our
world-class research proves that benchmarking drives related
improvement, and therefore repeating the discipline consistently
identifies opportunities and improvements that yield benefit. Our
data shows that companies benchmarking more than once in a
four-year period noticed an 8 percent reduction in SG&A costs
where those that did not benchmark repeatedly experienced an
increase in cost over that same period.”
According to Eric DiCianno, chief technical officer for The
Hackett Group, “Quantum Leap overcomes many of the obstacles
companies have faced in leveraging benchmarking as part of a true
continuous improvement process. The platform makes it easy to
quantify where performance gaps exist, determines how to address
them, and then tracks progress and ROI of transformation on an
ongoing basis. This offers our clients an exclusive and powerful
advantage in executing their transformations.”
A key part of The Hackett Group’s mission is to aid clients in
their pursuit of quantifiable benefits. The value of achieving
world-class performance can yield reduction in SG&A costs of up
to 45 percent, or $39 million/year (for a typical $1 billion
company), reduction in annual sourcing costs of 22 percent or $20
million/year, and a 59 percent improvement in annual cash
performance, netting $187 million/year in savings. Quantum Leap’s
vision is to help clients achieve these benefits more quickly, and
with less effort.
Quantum Leap does so by enabling end-to-end improvement,
starting first with The Hackett Group’s world-class benchmarking
capabilities. Improvement opportunities are defined, automatic
solutions are generated to address performance gaps, and the
platform’s initiative tracking and dashboarding capabilities drive
accountability and ensure benefit realization.
For more information on Quantum Leap, visit this
link:.http://bit.ly/2x95MVE, email us at info@thehackettgroup.com,
or call (770) 225-3600.
About The Hackett Group
The Hackett Group (NASDAQ: HCKT) is an intellectual
property-based strategic consultancy and leading enterprise
benchmarking and best practices implementation firm to global
companies, offering digital transformation and enterprise
application approaches including robotic process automation and
cloud computing. Services include business transformation,
enterprise performance management, 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 EPM and
SAP practices.
The Hackett Group has completed more than 13,000 benchmarking
studies with major corporations and government agencies, including
93% of the Dow Jones Industrials, 87% of the Fortune 100, 87% of
the DAX 30 and 58% 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.
Cautionary Statement Regarding “Forward Looking”
Statements
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 the Company’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 Quantum Leap, market acceptance of
Quantum Leap, competition from other consulting and technology
companies who may have or develop in the future, similar offerings,
the commercial viability of Hackett and its benchmarking,
consulting and other individual business lines, changes in
expectations regarding the business consulting industry, changes in
applicable law that may impact the profitability or feasibility of
consulting services, the ability of the Company 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.
More information on The Hackett Group is available at:
www.thehackettgroup.com, info@thehackettgroup.com, or by calling
(770) 225-3600.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170824005593/en/
The Hackett Group, Inc.Gary Baker, 917-796-2391Global
Communications Directorgbaker@thehackettgroup.com
Hackett (NASDAQ:HCKT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Hackett (NASDAQ:HCKT)
Historical Stock Chart
From Sep 2023 to Sep 2024