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The Hackett Group Launches New Market Intelligence Service For Software and Services Providers and Users
Rhea-AI Impact
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Rhea-AI Sentiment
(Positive)
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Rhea-AI Summary
The Hackett Group (NASDAQ: HCKT) has launched a new Market Intelligence Service aimed at software and service providers. This service will evaluate providers' abilities to deliver business value and assist companies in achieving Digital World Class performance. Utilizing the Hackett Excelleration Matrix, the service will categorize providers into Integrators, Innovators, and Digital World Class Solutions, drawing insights from nearly 20,000 benchmark studies. Initial reports will focus on customer-to-cash processes, offering valuable information to corporate executives for purchasing decisions.
Positive
Launch of a comprehensive Market Intelligence Service for software providers.
Utilizes the Hackett Excelleration Matrix to measure business value delivery.
Insights drawn from nearly 20,000 benchmark studies enhance credibility.
Initial focus on critical customer-to-cash processes could drive demand.
Negative
None.
Service Will Measure, Rate and Compare Providers’ Ability To Deliver Targeted Business Value and Help Companies Achieve Digital World Class™ Performance
MIAMI & LONDON--(BUSINESS WIRE)--
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.
(Graphic: Business Wire)
The new Market Intelligence Service from The Hackett Group® will evaluate software and solution providers using the Hackett Excelleration Matrix™, which is designed to assess offerings based on capabilities, business performance impact or business value, and also the ability to improve process and functional performance and alignment with empirically proven best practices in The Hackett Group’s renowned benchmarking database. Specific to software, the service will rank providers in three major categories: Integrators, Innovators, and Digital World Class Solutions. (see graphic).
The Hackett Group’s comprehensive intellectual property relies on data, insights, and applied knowledge drawn from nearly 20,000 benchmark studies with the world’s leading businesses – including 97% of the Dow Jones Industrials, 94% of the Fortune 100, 70% of the DAX 30 and 51% of the FTSE 100.
“In today’s increasingly digital world, it’s not enough for solution providers to just have a robust feature set. Companies want solutions that can deliver results, and The Hackett Group is in a unique position to help them assess and select the offerings that can do this,” said The Hackett Group Chief Market Intelligence Officer Michel Janssen. “While other companies compare and rate solution providers on technology and scale, we’re utilizing our in-depth process knowledge and insights from our unmatched benchmarks to create a new outcome-based paradigm and truly assessing how well solution providers can help companies generate ROI and achieve targeted business outcomes. We believe this will be a powerful and attractive value proposition for all C-level executives and their respective teams.”
According to The Hackett Group Chairman and CEO Ted A. Fernández, “For decades, The Hackett Group has relied on its proprietary benchmark studies, process and best-practices implementation expertise. Now we’re offering companies a way to drive even greater value, by helping them evaluate which solution provider offerings will best help them improve efficiency, effectiveness, and customer experience, and achieve Digital World Class performance levels.”
Initial research reports from The Hackett Group’s new Market Intelligence Service will focus on software providers for the customer-to-cash processes, with separate research reports covering: cash application; collection and dispute management; order/contract management; customer billing; and credit management. The second wave of research reports will focus on the source-to-pay area, and examine: third-party risk; environmental, social, and governance issues; and other areas.
Research reports from the Market Intelligence Service will be offered to The Hackett Group’s clients. In addition, they will be sold individually with results available for licensing by solution providers for use in their marketing and sales efforts.
The Hackett Group, Inc. (NASDAQ: HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking firm to global companies, offering digital transformation, including implementation of leading enterprise cloud applications, workflow automation and analytics that enable Digital World Class™ performance.
Drawing from our unparalleled IP from nearly 20,000 benchmark studies with the world’s leading businesses – including 97% of the Dow Jones Industrials, 94% of the Fortune 100, 70% of the DAX 30 and 51% of the FTSE 100 – captured through our leading benchmarking platform, Quantum Leap® and our Digital Transformation Platform (DTP), we accelerate best-practice implementations.
The Hackett Group, quadrant logo, World Class Defined and Enabled, Quantum Leap, Digital World Class and Hackett Excelleration Matrix are the registered marks of The Hackett Group.
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 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.
What is the new service launched by Hackett Group (HCKT)?
The Hackett Group launched the Market Intelligence Service to evaluate software and service providers based on their ability to deliver business value.
How does Hackett Group's Market Intelligence Service assess providers?
It uses the Hackett Excelleration Matrix to categorize providers and measure their capabilities in delivering business value.
What benchmarks does Hackett Group use for its new service?
The service draws insights from nearly 20,000 benchmark studies with top global companies.
What areas will the initial research reports from Hackett Group cover?
Initial reports will focus on customer-to-cash processes, including cash application and collection management.
How can companies access the Market Intelligence Service reports?
Reports will be available to clients of The Hackett Group and sold individually for licensing by solution providers.
