Profile: Hackett Group Inc (HCKT.OQ)
7 Mar 2014
The Hackett Group, Inc. (Hackett), incorporated on April 23, 1997, is a global advisory firm. The Company’s services include advisory, benchmarking, and transformation consulting services, including shared services, off shoring and outsourcing advice. The Company operates in the business and technology consulting services segment. The Company operates primarily in the areas of North America and European countries. Through its Archstone Consulting group, Hackett offers strategy and operations consulting services in the consumer and industrial products, pharmaceutical, manufacturing and financial services industry sectors. Through its REL group, Hackett offers working capital solutions focused on delivering cash flow improvements. Through its enterprise resource planning solutions group (ERP Solutions), Hackett offers business application consulting services that help maximize returns on information technology (IT) investments. In February 2014, The Hackett Group, Inc announced the acquisition of Technolab International Corporation's United.States of America, Canada and Uruguay operations.
The Company provides a range of services, including executive advisory programs, benchmarking, business transformation and technology consulting services. The Company has completed engagements in a variety of industries, including automotive, consumer goods, financial services, technology, life sciences, manufacturing, media and entertainment, retail, telecommunications, transportation and utilities. The Company’s revenue is principally derived from fees for services generated on a project-by-project basis. Additionally, it earns revenue from the sale of software, software licenses and maintenance contracts.
The Hackett Group
On-demand access provides performance metrics, peer-learning opportunities and best practice implementation advice. The scope of Hackett’s advisory programs is defined by business function (Executive Advisory) and by end-to-end process coverage (Process Advisory). The advisory programs include Advisor Inquiry, Best Practice Research, Peer Interaction and Best Practice Intelligence Center. Hackett’s inquiry services are used by clients for access to fact-based advice on approaches and methods of selling, general and administrative processes (SG&A). Its research provides detailed insights into the approaches in use at organizations that yield business results. Member-led webcasts, annual conferences, annual member forums, membership performance surveys and client-submitted content, provide ongoing peer learning and networking opportunities.
Hackett’s benchmarking services has measured and evaluated the enterprise functions for over 3,000 organizations globally. This includes 97% of the Dow Jones Industrials, 86% of the Fortune 100, 90% of the Deutscher Aktien IndeX (DAX) 30 and 48% of the Financial Times Stock Exchange Index (FTSE) 100. Ongoing studies are conducted in a range of areas, including SG&A, finance, human resources, information technology, procurement, enterprise performance management, shared service centers and working capital management. Hackett has identified over 1,900 practices for over 95 processes in these functional areas, and uses performance measurement tools and data collection processes. The Company’s Business Transformation programs help clients develop a coordinated strategy for achieving performance improvements across the enterprise. Its capabilities include operational assessments, process and organization design, change management and the effective application of technology.
The ERP solutions help clients choose and deploy the software applications that meet their needs and objectives. It offers services, such as planning, architecture, and vendor evaluation and selection through implementation, customization, testing and integration. It also provides offshore application development and support services. These services include post-implementation support for business application platforms. The ERP solutions group also includes a division responsible for the sale and maintenance support of the SAP suite of ERP applications.
Hackett Group Inc
30th Floor, 1001 Brickell Bay Dr
MIAMI FL 33131