Hackett Announces Expanded Collaboration With Oracle on Hackett Pay™, a Managed Services Offering for Oracle Payroll
The Hackett Group (NASDAQ: HCKT) has announced an expanded collaboration with Oracle to offer Hackett Pay™, a new managed services solution for Oracle Payroll. This comprehensive offering provides full business process outsourcing, staff support, and access to The Hackett Group's best practices for payroll optimization.
Hackett Pay™ covers all aspects of payroll operations support, including wage payments, employee tax, wage garnishments, W-2 management, employee verification, tax credits, and unemployment claims. It is designed to help growth and hypergrowth companies streamline payroll processes, ensure accuracy, and improve employee experience.
According to The Hackett Group's benchmarks, Digital World Class® companies see 88% lower payroll administration costs and generate 67% fewer payroll errors compared to their peers. The collaboration aims to enable companies to focus on core business growth while benefiting from efficient and accurate payroll management.
Il Hackett Group (NASDAQ: HCKT) ha annunciato una collaborazione ampliata con Oracle per offrire Hackett Pay™, una nuova soluzione di servizi gestiti per la gestione delle buste paga Oracle. Questa offerta completa consiste in un outsourcing totale dei processi aziendali, supporto al personale e accesso alle migliori pratiche del Hackett Group per l'ottimizzazione delle buste paga.
Hackett Pay™ copre tutti gli aspetti del supporto alle operazioni di busta paga, inclusi i pagamenti salariali, le tasse dei dipendenti, le trattenute salariali, la gestione dei W-2, la verifica dei dipendenti, i crediti d'imposta e le richieste di disoccupazione. È progettata per aiutare le aziende in crescita e in rapido sviluppo a semplificare i processi di busta paga, garantire la precisione e migliorare l'esperienza dei dipendenti.
Secondo i parametri del Hackett Group, le aziende Digital World Class® registrano un 88% di riduzione dei costi di amministrazione delle buste paga e generano 67% in meno di errori nella busta paga rispetto ai loro concorrenti. La collaborazione mira a consentire alle aziende di concentrarsi sulla crescita del business principale, beneficiando nel contempo di una gestione delle buste paga efficiente e precisa.
El Hackett Group (NASDAQ: HCKT) ha anunciado una colaboración ampliada con Oracle para ofrecer Hackett Pay™, una nueva solución de servicios gestionados para la nómina de Oracle. Esta oferta integral proporciona subcontratación total de procesos empresariales, apoyo al personal y acceso a las mejores prácticas del Hackett Group para la optimización de nóminas.
Hackett Pay™ cubre todos los aspectos del soporte operativo de nómina, incluidos los pagos salariales, impuestos de empleados, embargo de salarios, gestión de W-2, verificación de empleados, créditos fiscales y reclamaciones de desempleo. Está diseñada para ayudar a las empresas en crecimiento y con un crecimiento acelerado a simplificar los procesos de nómina, garantizar la precisión y mejorar la experiencia del empleado.
Según las referencias del Hackett Group, las empresas Digital World Class® presentan un 88% menos en costos de administración de nómina y generan 67% menos errores en la nómina en comparación con sus pares. La colaboración tiene como objetivo permitir que las empresas se concentren en el crecimiento del negocio principal, beneficiándose a su vez de una gestión de nómina eficiente y precisa.
해킷 그룹(NASDAQ: HCKT)이 오라클과의 협력을 확대하여 오라클 급여를 위한 새로운 관리형 서비스 솔루션인 Hackett Pay™를 제공한다고 발표했습니다. 이 포괄적인 서비스는 전체 비즈니스 프로세스 아웃소싱, 직원 지원 및 해킷 그룹의 급여 최적화를 위한 모범 사례에 대한 접근을 제공합니다.
Hackett Pay™는 급여 운영 지원의 모든 측면을 포괄하며, 여기에는 임금 지급, 직원 세금, 임금 압류, W-2 관리, 직원 확인, 세금 공제 및 실업 청구가 포함됩니다. 이는 성장 및 급성장하는 기업이 급여 프로세스를 간소화하고 정확성을 보장하며 직원 경험을 개선할 수 있도록 설계되었습니다.
해킷 그룹의 벤치마크에 따르면, 디지털 월드 클래스® 기업은 동종업체에 비해 88% 낮은 급여 관리 비용을 기록하고 67% 적은 급여 오류를 발생시킵니다. 이번 협력의 목표는 기업이 핵심 비즈니스 성장에 집중하면서 효율적이고 정확한 급여 관리를 통해 혜택을 누릴 수 있도록 하는 것입니다.
Le Hackett Group (NASDAQ: HCKT) a annoncé une collaboration élargie avec Oracle pour offrir Hackett Pay™, une nouvelle solution de services gérés pour la paie Oracle. Cette offre complète fournit une externalisation totale des processus d'affaires, un soutien au personnel et un accès aux meilleures pratiques du Hackett Group pour l'optimisation des paies.
Hackett Pay™ couvre tous les aspects du soutien aux opérations de paie, y compris les paiements salariales, les impôts des employés, les saisies sur salaire, la gestion des W-2, la vérification des employés, les crédits d'impôt et les réclamations de chômage. Elle est conçue pour aider les entreprises en croissance et en hypercroissance à rationaliser leurs processus de paie, à garantir l'exactitude et à améliorer l'expérience des employés.
Selon les benchmarks du Hackett Group, les entreprises Digital World Class® voient des coûts d'administration de la paie inférieurs de 88% et génèrent 67% d'erreurs en moins dans la paie par rapport à leurs pairs. La collaboration vise à permettre aux entreprises de se concentrer sur la croissance de leur activité principale tout en bénéficiant d'une gestion de la paie efficace et précise.
Die Hackett Group (NASDAQ: HCKT) hat eine erweiterte Zusammenarbeit mit Oracle bekannt gegeben, um Hackett Pay™ anzubieten, eine neue Managed-Service-Lösung für Oracle-Payroll. Dieses umfassende Angebot bietet vollständige Geschäftsprozess-Outsourcing, Mitarbeitersupport und Zugang zu den Best Practices der Hackett Group zur Optimierung der Gehaltsabrechnung.
Hackett Pay™ deckt alle Aspekte der Unterstützung bei Gehaltsabrechnungsoperationen ab, einschließlich Lohnzahlungen, Mitarbeitersteuern, Lohnpfändungen, W-2-Verwaltung, Mitarbeiterüberprüfung, Steueranreize und Arbeitslosenansprüche. Es wurde entwickelt, um wachstums- und hyperwachstumsorientierten Unternehmen zu helfen, ihre Lohn- und Gehaltsabrechnungsprozesse zu optimieren, Genauigkeit sicherzustellen und die Mitarbeitererfahrung zu verbessern.
Nach den Benchmarks der Hackett Group weisen Digital World Class® Unternehmen 88% niedrigere Kosten für die Gehaltsadministration auf und erzeugen 67% weniger Gehaltsfehler im Vergleich zu ihren Mitbewerbern. Die Kooperation zielt darauf ab, Unternehmen zu ermöglichen, sich auf das Kerngeschäftswachstum zu konzentrieren und gleichzeitig von einer effizienten und genauen Gehaltsabrechnung zu profitieren.
- Expanded collaboration with Oracle for Hackett Pay™ managed services solution
- Comprehensive payroll operations support covering all aspects of payroll management
- Potential for significant cost reduction and error minimization based on Digital World Class® benchmarks
- First offering recommended by Oracle for payroll-managed services in this market
- None.
The expanded collaboration between The Hackett Group and Oracle on Hackett Pay™ represents a strategic move in the payroll services market. While the immediate financial impact may not be substantial, this partnership has the potential to drive long-term revenue growth for The Hackett Group (NASDAQ: HCKT).
Key points to consider:
- Hackett Pay™ targets a growing niche market of growth and hypergrowth companies, which often lack resources for efficient payroll management.
- As the first Oracle-recommended payroll-managed service in this market, Hackett Pay™ gains a competitive edge and potential for rapid adoption.
- The Hackett Group's benchmarks suggest significant cost savings and error reduction potential, which could be a strong selling point for the service.
- The focus on comprehensive end-to-end payroll outsourcing aligns with the trend of Digital World Class® companies allocating more resources to outsourcing services.
Investors should monitor the adoption rate of Hackett Pay™ and its impact on The Hackett Group's revenue streams in upcoming quarterly reports. While this collaboration doesn't guarantee immediate financial gains, it positions the company favorably in a high-potential market segment.
The Hackett Pay™ offering leverages Oracle's robust payroll infrastructure, combining it with The Hackett Group's expertise in process optimization. This synergy creates a technologically advanced solution that addresses several pain points in payroll management:
- Automation of tedious tasks: This reduces human error and improves efficiency, particularly beneficial for rapidly growing companies.
- Comprehensive support: Covering aspects from wage payments to tax compliance, the solution provides a one-stop-shop for payroll needs.
- Integration of analytics: The combined payroll and HR analytics align with Digital World Class® practices, offering valuable insights for strategic decision-making.
From a technological standpoint, Hackett Pay™ represents a shift towards more integrated, cloud-based payroll solutions. This aligns with broader industry trends of digital transformation in HR and finance operations. The solution's ability to handle complex tasks like tax compliance and wage garnishments showcases its sophisticated capabilities.
For investors, this collaboration signals The Hackett Group's commitment to staying at the forefront of technological advancements in business process services. The partnership with Oracle, a leader in enterprise software, adds credibility and scalability to the offering.
Hackett Pay™ will cover all aspects of payroll operations support, including wage payments, employee tax, wage garnishments, W-2 management, employee verification, tax credits and unemployment claims. It will be the first offering recommended by Oracle for payroll-managed services in this market.
“Most growth and hypergrowth companies simply don’t have the resources or manpower to optimize and manage their payroll operations. They struggle with issues like legal compliance and processing accuracy, and it can have a negative impact on their employee experience,” said Jason Balogh, executive vice president, The Hackett Group. “As a comprehensive end-to-end payroll outsourcing, support, and services offering, Hackett Pay™ handles everything from time files to tax compliance, ensuring accuracy and efficiency at every step. The user-friendly service will enable companies to streamline payroll, automate tedious tasks and gain valuable insights. Companies can save time, reduce errors and be empowered to focus on what matters most – growing a successful business.”
According to The Hackett Group’s benchmarks, Digital World Class® companies see payroll administration costs nearly
“We’re proud to offer Hackett Pay™ to our customers, allowing them to quickly and easily implement our Oracle Payroll solution,” said Nancy Estell Zoder, vice president, Global HCM Product Strategy, Oracle. “The Hackett Group has proven expertise in Oracle implementations, helping companies improve operational excellence, derive greater business value and enhance the customer experience.”
More information on Hackett Pay™ and The Hackett Group’s other Oracle implementation services is available at https://www.thehackettgroup.com/partners/oracle/.
About The Hackett Group
The Hackett Group, Inc. (NASDAQ: HCKT) is an IP-based, Gen AI strategic consulting and executive advisory firm that enables Digital World Class® performance. Using AI XPLR™ – our AI assessment platform – our experienced professionals guide organizations to harness the power of Gen AI to digitally transform their operations and achieve quantifiable, breakthrough results, allowing us to be key architects of their Gen AI journey.
Our expertise is grounded in unparalleled best practices insights from benchmarking the world’s leading businesses – including
For more information on The Hackett Group, visit: https://www.thehackettgroup.com/ or email media@thehackettgroup.com.
Trademarks
The Hackett Group, quadrant logo, Quantum Leap and Digital World Class are the registered marks of The Hackett Group.
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company – ushering in the new era of cloud computing.
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 The Hackett Group to effectively market its digital transformation, artificial intelligence, and other consulting services, competition from other consulting and technology companies that may have or develop in the future, similar offerings, the commercial viability of The Hackett Group and its services as well as other risk detailed in The Hackett Group’s reports filed with the United States Securities and Exchange Commission. The Hackett Group does not undertake any duty to update this release or any forward-looking statements contained herein.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240801295599/en/
Source: The Hackett Group, Inc.
FAQ
What is Hackett Pay™ and how does it benefit companies using Oracle Payroll?
How much can companies save on payroll administration costs with Hackett Pay™?
What specific payroll operations does Hackett Pay™ support for HCKT clients?
How does the collaboration between The Hackett Group (HCKT) and Oracle benefit customers?
