Hackett Announces Expanded Collaboration With Oracle on Hackett Pay™, a Managed Services Offering for Oracle Payroll
02 August 2024 - 12:00AM
Business Wire
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.
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 88% lower
than their peers and generate 67% fewer payroll errors. Digital
World Class® companies also allocate 30.82% more than their peers
to outsourcing services, and they deliver improved process
efficiency and effectiveness in part via combined payroll and human
resources analytics.
“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 97% of the Dow Jones Industrials, 89% of the Fortune 100,
70% of the DAX 40 and 55% of the FTSE 100 – and are delivered
leveraging our Digital Transformation Platform, Hackett Connect™
and Quantum Leap®.
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/
media@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