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Expect that trend not only to continue but to accelerate, industry leaders say.
What's more, Cosgrove says, the drivers of consolidation have changed.
Enterprises that are organized around diverse business units with indigenous Information Technology (IT) departments have probably considered leveraging the investment in their IT infrastructure through consolidation.
Whether or not this consideration is ever fleshed out beyond a brainstorming session depends on the enterprise’s “culture” and business strategy.
While this consolidation is "a long way away" from completion, he says, independents will continue to disappear—a trend that will pick up speed as time goes on—thanks to declining reimbursement, lack of capital access, and their inherent inefficiency compared to integrated systems.
The challenges and issues businesses face today managing their supplier base can amount to an increase in time, effort and workload to ensure these relationships are maintained and built upon in order to get the best possible value and service.
We all know companies have limited resources and must set their priorities, however we can forget how costly and distracting it is to develop new supplier partnerships – taking time away from focusing on the core requirements of your business.
When it comes to debt consolidation, it's important to be aware of the advantages and disadvantages before you take on new debt.
Debt consolidation, or credit card consolidation, involves taking out a new loan to pay off multiple debts or credit card balances. Debt consolidation companies argue that borrowing money at a low interest rate to pay off loans or credit cards at a higher interest rate can save you money, or help you pay off the debt sooner.