Latest news with #BearingPoint
Yahoo
02-04-2025
- Business
- Yahoo
Middle managers are the key to AI-driven transformation
BearingPoint study highlights how enabling middle managers is critical for organizations to unlock AI's full potential. AMSTERDAM, April 02, 2025--(BUSINESS WIRE)--AI is transforming the way businesses operate, but successful adoption isn't just about technology – it's about people. Management and technology consultancy BearingPoint's latest study, "From fear to empowerment: Middle managers as catalysts in AI-driven transformation", reveals that middle managers are at the heart of successful AI-driven transformations, playing a critical role in bridging the gap between leadership vision and real-world execution. Yet, many organizations underestimate the importance of middle managers when rolling out AI initiatives. BearingPoint's AI-driven transformation practices study shows that employees fear AI's impact on individual roles, making it difficult for them to see it as an enabler. To counter such AI transformation challenges, organizations must empower middle managers to navigate AI integration effectively. "AI-driven transformation requires a mindset shift at all levels. Organizations must equip middle managers with the right tools and support to ensure AI adoption delivers real value," said Rémy Sergent, Partner and Global Leader People & Strategy at BearingPoint. "Organizations that invest in AI literacy, structured change management, and leadership development can turn AI-driven transformation into a sustainable advantage." The critical role of middle managers in AI adoption BearingPoint highlights four key areas where middle managers can drive successful AI adoption. 1. Strategic workforce planning AI will reshape job roles and responsibilities, and middle managers are best positioned to provide HR and senior leadership with insights into future talent needs, skills development, and organizational changes. Without strategic workforce planning, organizations risk employee resistance, inefficiencies, and lost productivity. 2. Reverse mentoring Younger employees, as digital natives, are already comfortable with AI. Reverse mentoring programs help middle managers balance their business expertise with the AI proficiency of younger colleagues, fostering a culture of collaboration. According to the study, AI adoption is highest among younger employees but lacks strategic alignment. By combining the agility of younger employees with the leadership experience of middle managers, organizations create a culture of innovation and ensure AI is applied effectively within business processes. 3. Promoting AI literacy and reducing fear AI training shouldn't just focus on tools – it should build understanding, reduce uncertainty, and promote responsible usage. Middle managers play a key role in making AI approachable and relevant for their teams. The study highlights that AI literacy is not just about technical training. Organizations must also address the "black box effect" by providing insights into the technology, as well as clear insights into how AI works, its ethical use, and its limitations. Without transparency, employees are less likely to trust AI-driven decisions. Finally, it is about explaining the importance of data and how to value it properly to enhance it and leverage it. 4. Shifting focus to higher-value tasks As AI takes over repetitive work, it frees up managers to focus on strategy, leadership, and employee development. However, this shift only happens when middle managers are empowered to rethink their roles. According to BearingPoint's study, 43% of standard managerial tasks are estimated to be impacted by GenAI. Approximately 19% of these jobs are augmented, and 24% are automated by GenAI. Even though 68% of organizations surveyed reported that AI has led to efficiency gains, without clear guidance, middle managers struggle to allocate freed-up time to higher-value activities like strategic planning, talent development, and cross-functional collaboration. The need for a clear strategy According to the study, 64% of companies already provide some form of AI training, yet only 35% have structured change management programs in place to support AI adoption at scale. BearingPoint sees this as a major gap because, without proper support, AI implementation risks stalling or creating resistance among employees. A structured approach helps middle managers navigate transformations effectively. AI will reshape leadership, not replace it The role of middle managers is evolving, and according to BearingPoint, they are becoming the drivers of AI adoption, ensuring that AI is integrated effectively and ethically, which benefits both employees and the business. The study emphasizes that AI will not eliminate leadership roles but redefine them. Middle managers will be expected to act as change agents and foster adaptability and collaboration. Companies that invest in their middle managers' AI capabilities will be better positioned to create a workforce that embraces AI rather than fears it. "Critics claim AI-driven automation and flatter hierarchies reduce the need for intermediaries. However, AI does not replace leadership; it redefines it. Middle managers act as the bridge between leadership and employees, ensuring successful AI adoption," said Marine Laufer-Tourte, Partner and expert for change management at BearingPoint. With the right investment in AI literacy, change management, and leadership development, organizations can turn AI into a powerful enabler of growth and a competitive advantage. These organizations enhance human potential rather than replace it. About the study The study is based on a survey that was conducted among over 300 managers in Europe and the US in March 2025. Additionally, it is based on an analysis of 58 job descriptions representing approximately 1,000 middle managers across various companies to understand better how AI impacts their routine managerial tasks. The study is available at About BearingPoint BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: Consulting, Products, and Capital. Consulting covers the advisory business with a clear focus on selected business areas. Products provides IP-driven digital assets and managed services for business-critical processes. Capital delivers M&A and transaction services. BearingPoint's clients include many of the world's leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success. BearingPoint is a certified B Corporation, meeting high standards of social and environmental impact. Homepage: LinkedIn: View source version on Contacts Press contact Alexander BockGlobal Senior Manager CommunicationsTelephone: +49 89 Sign in to access your portfolio
Yahoo
28-02-2025
- Business
- Yahoo
European BearingPoint survey on payment behavior: Cash usage declines, and one in three Europeans would use the digital euro
The use of cash is declining in Europe, but it remains the most frequently used payment method in German-speaking countries. Meanwhile, awareness of central bank digital currencies is on the rise, with one in three Europeans saying they would use the digital euro. Notably, trust in banks to handle digital euro transaction data is ten times higher than trust in technology companies. This is shown by a new survey conducted by management and technology consultancy BearingPoint in nine European countries. AMSTERDAM, February 20, 2025--(BUSINESS WIRE)--The latest European Payment Study by management and technology consultancy BearingPoint reveals significant shifts in payment behavior across nine European countries. While cash usage continues to dominate transactions in German-speaking countries, it is steadily declining across the continent. In Germany, Austria, and Switzerland cash remains the most frequently used payment method, accounting for 69%, 73% and 57% of transactions, respectively. In contrast, the Nordic countries, particularly Sweden with 28% and Denmark with 35%, show significantly lower cash usage, highlighting a pronounced difference compared to other countries. Overall, the survey reveals that the frequency of cash usage has declined in almost all surveyed countries compared to the previous year. Awareness of central bank digital currencies on the rise The digital euro has achieved relatively high awareness, with only one-third of respondents having never heard of it. The situation is somewhat different for the central bank digital currencies (subsequently referred to as CBDCs) in Sweden, Denmark, and Switzerland. In these countries, four out of ten respondents are unfamiliar with CBDCs. Respondents primarily view the digital euro and the CBDC as a complement to existing payment methods. One in three respondents would use the digital euro On a country average, one in three respondents would use the digital euro, with one in five ready to use it even multiple times a week. This shows a significant difference compared to the non-euro countries Sweden and Denmark, where only one in four respondents would use a central bank digital currency and less than one in ten would use it multiple times a week. As the survey results make clear, countries with high cash usage are also more likely to use the digital euro more frequently. Christian Bruck, Partner at BearingPoint and Payments expert: "Cash usage remains at a high level compared to other payment methods in European countries. It is currently unforseeable that cash will lose its significant role in Europe, even though the frequency of cash usage has decreased compared to the previous year. What's interesting is that awareness of the digital euro continues to grow. The fact that the digital euro would be used regularly by an average of one in three people highlights the potential of this payment method." Online shopping remains the most favored use case for the digital euro As in the previous year, online shopping remains the preferred use case for the digital euro or CBDC, with an average of 37% across countries. However, the extent varies from country to country; Ireland is the leader with 48%, followed by Austria with 42%, which recorded the highest increase of 6 percentage points compared to the previous year and is now ahead of Germany (38%). With 26%, the lowest use of online shopping is reported in Sweden. As the second most important use case, in-store shopping is cited with an average of 28% across countries. The use of the digital euro for money transfers to friends is most prevalent in Ireland (36%) and Finland (34%). The free-of-charge usage criteria remains the top scorer for the digital euro On a country average, the ranking of criteria for using the digital euro/CBDC has remained the same compared to last year. Being free of charge (43%) and accepted everywhere (37%) are still the leading objective requirements. Only one in five respondents would consider a high level of user experience as a reason for using the digital euro. Trust in banks for digital euro transaction data is ten times higher than in technology companies At 55%, respondents have a high level of trust in the banking sector to collect and store digital euro transaction data, compared to only 5% for technology companies such as Apple, Google, and Amazon. Dr. Robert Bosch, Partner and global leader Banking & Capital Markets at BearingPoint: "The survey shows that more and more Europeans are getting involved with the digital euro. Expectations for its use are becoming more concrete and vary from country to country. The banking sector is clearly favored for storing and recording transaction data. When it comes to central bank digital currencies, the banking sector could leverage this momentum to strengthen its position with end customers." About the survey The data used is based on an online survey in which a total of 10,222 people in Austria (1,025), Switzerland (1,026), Germany (2,019), Denmark (1,037), Finland (1,026), France (1,028), Ireland (1,028), the Netherlands (1,027), and Sweden (1,006) took part between November 19 and December 1, 2024. The results were weighted and are representative of the respective population aged 18 and over. The survey was designed by BearingPoint and conducted by the market research institute YouGov in the nine countries mentioned. The results were analyzed by BearingPoint payments experts and put into an overall context. BearingPoint has been surveying the GSA region since 2019 and has expanded the panel in this survey to include two additional European countries. About BearingPoint BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: Consulting, Products, and Capital. Consulting covers the advisory business with a clear focus on selected business areas. Products provides IP-driven digital assets and managed services for business-critical processes. Capital delivers M&A and transaction services. BearingPoint's clients include many of the world's leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success. BearingPoint is a certified B Corporation, meeting high standards of social and environmental impact. For more information, please visit: Homepage: LinkedIn: View source version on Contacts Press contact Alexander BockGlobal Senior Manager CommunicationsTelephone: +49 89 540338029Email: Sign in to access your portfolio
Yahoo
27-02-2025
- Business
- Yahoo
BearingPoint Posts Record Revenue for the Fourth Year in a Row and Sets Sights on Future Growth
BearingPoint reports record revenue of €1.069 billion The management and technology consultancy onboarded more than 300 new clients and delivered more than 2,000 projects Over 1,200 new colleagues strengthen global presence Major milestone in corporate sustainability New products with high market demand Strategy 2030 to drive future growth ambitions and global expansion AMSTERDAM, February 27, 2025--(BUSINESS WIRE)--Management and technology consultancy BearingPoint reported full-year record revenue for the fourth year in a row, recording €1.069 billion in revenue for 2024 while delivering more than 2,000 projects in 31 countries around the globe. Bookings also came in at a record high of nearly €1.3 billion, showing strong momentum in business development. To support its growth, BearingPoint welcomed over 1,200 new colleagues, including 25 new Partners, expanding its global team to nearly 6,200 people at the end of the year. Growing demand for its products and services and a strong project pipeline indicate further growth in 2025. "2024 was again a successful year for BearingPoint. Not only did we solidify our €1 billion revenue milestone, but we also outperformed the market and continued to build upon our strong foundation for sustained growth," said Matthias Loebich, Managing Partner of BearingPoint. "We welcomed new talent, grew our client base, and pushed forward in key areas like data analytics and AI, sustainability, and cybersecurity." Key 2024 achievements Expanding client relationships BearingPoint added more than 300 new clients and successfully delivered over 2,000 projects across 31 countries in 2024, highlighting BearingPoint's ability to address the unique challenges of clients with tailored solutions. By expanding its footprint across industries, the firm is reinforcing its reputation as a trusted partner for businesses navigating transformation and growth. Welcoming new talent and investing in people In 2024, BearingPoint welcomed more than 1,200 new colleagues, strengthening its expertise across industries and regions. The expansion reflects the firm's commitment to fostering a diverse and highly skilled team capable of delivering transformative results for clients. The firm also promoted more than 1,400 of its people and appointed 25 new Partners, reflecting its investment in career development and leadership growth. Female representation in senior leadership roles was at 21% at the end of 2024, and the percentage of female hires increased to 44% globally. By recruiting talent aligned with its mission and values, BearingPoint has strengthened its ability to drive innovation and execute large-scale projects across industries. In 2024, more than 1,800 BearingPoint professionals participated in firm-wide training programs, reaffirming its commitment to continuous learning and professional growth. Through initiatives such as the Academy, the Female Leadership Program, and the Yale Leadership Program, the firm fosters leadership development across all levels. Advancing expertise and innovation The integration of US-based Enterprise Consulting into BearingPoint's portfolio enhanced the capabilities of its Arcwide joint venture, allowing it to deliver even greater consulting expertise and technology-driven solutions. At the same time, BearingPoint made significant strides in generative AI, empowering organizations to harness AI's full potential for business transformation. The firm launched new AI-driven initiatives that support clients in areas such as automating workflows, optimizing decision-making, and enabling AI-assisted customer interactions. As part of its commitment to responsible AI adoption, BearingPoint also established ethical AI frameworks, ensuring that innovation aligns with business integrity, compliance, and sustainability goals. In its Products business, BearingPoint's DemandSens solution gained strong attention through its collaboration with Media Control, leveraging AI and machine learning algorithms to deliver precise sales forecasts, significantly reducing remittances and shortages. In 2024, BearingPoint also introduced Persona Engine, a cutting-edge platform that leverages AI to transform customer data into actionable insights, helping businesses better understand and engage with their customers. Additionally, the firm's Assets & Funding Management solution became available on the SAP® Store as part of SAP's industry cloud portfolio, reinforcing BearingPoint's ability to develop solutions that drive efficiency and seamless integration within enterprise ecosystems. Major milestone in corporate sustainability Living up to its purpose, "Together we are more than business," BearingPoint achieved B Corp certification in 2024, marking a major milestone in its sustainability journey. This recognition places the firm among a worldwide network of businesses leading a global movement for an inclusive, equitable, and regenerative economy and underscores its dedication to high standards of social and environmental performance, transparency, and accountability. Looking ahead: Strategy 2030 and future growth Looking into 2025, BearingPoint plans to outperform the market again with continued strong revenue growth. The firm will continue to make strategic investments in key areas such as data analytics, AI, and cybersecurity, as well as in Arcwide and Products, while expanding its footprint in vital geographies, including the US. "As we turn toward tomorrow, we are well-positioned to start a new era. Our journey continues to be guided by resilience, innovation, and a deep commitment to our values," said Matthias Loebich. "In the first half of 2025, we will introduce our Strategy 2030, which will be built around genuine client orientation, outperforming the market, strengthening our global presence, leveraging our strengths, differentiating ourselves with innovative products, and, most importantly, empowering people. With our strong team, innovative mindset, and client trust, we are well-prepared to embrace new opportunities and drive long-term success." About BearingPoint BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: Consulting, Products, and Capital. Consulting covers the advisory business with a clear focus on selected business areas. Products provides IP-driven digital assets and managed services for business-critical processes. Capital delivers M&A and transaction services. BearingPoint's clients include many of the world's leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success. BearingPoint is a certified B Corporation, meeting high standards of social and environmental impact. For more information, please visit: Homepage: LinkedIn: View source version on Contacts Press contact Alexander BockGlobal Senior Manager CommunicationsTelephone: +49 89 540338029Email: Sign in to access your portfolio
Yahoo
25-02-2025
- Business
- Yahoo
Xerox selects BearingPoint's leasing solution for its global enterprise architecture
With the integration of BearingPoint's solution as part of its enterprise architecture transformation, Xerox aims to reduce IT costs, standardize global processes, and significantly simplify its application landscape. AMSTERDAM, February 25, 2025--(BUSINESS WIRE)--Management and technology consultancy BearingPoint has announced today that Xerox has chosen the firm's leasing solution as part of its enterprise architecture transformation. By choosing BearingPoint's leasing solution, Xerox is adopting a clean core approach to streamline operations across markets and business processes. With the integration of Lease&Rent and Assets&Funding to complement SAP S/4HANA Cloud, Xerox aims to reduce IT costs, standardize global processes, and significantly simplify its application landscape. This transformation will enable Xerox to respond faster to the growing demand for leasing offerings in the market. Based in the United States, Xerox is a prominent global player in digital print technology and related solutions. Its diverse clientele ranges from small and mid-sized clients to printing production companies, governmental entities, educational institutions and Fortune 1000 corporations. In 2023, Xerox embarked on a significant transformation, shifting to a services-led, software-enabled organization as part of its Reinvention aimed at reshaping its revenue streams and ensuring sustainable profitability. Xerox is partnering with global enterprise software leader SAP on the largest IT transformation program in the company's history and BearingPoint will play a crucial part. Being fully aligned to SAP's Clean Core strategy, BearingPoint's leasing solution was exactly what Xerox was looking for. Mirlanda Gecaj, Chief Financial Officer, Xerox: "By integrating BearingPoint's leasing solution into our enterprise architecture, Xerox is taking a significant step in our Reinvention. The partnership will help streamline our processes, reduce IT costs and enable us to respond swiftly to the increasing demand for lease offerings. With this partnership, we are poised to enhance our global operations and deliver value to our clients." Xerox will leverage several key functionalities, including the Leasing Pricing Engine, Leasing Contract Lifecycle Management, Asset-Based Funding Management, and Lease Accounting integration. Built on SAP Business Technology Platform (SAP BTP) and seamlessly integrated with S/4 HANA and SAP CPQ, BearingPoint's solution will complete Xerox's target architecture, fully powered by SAP technology. Donald Wachs, Global Leader BearingPoint Products: "By choosing BearingPoint's 'Equipment-as-a-Service' (EaaS) platform, Xerox is making an important step to become more efficient while handling a growing demand for leasing offerings. Our cloud-based enterprise solution from SAP will be pivotal in Xerox's transition to a new operating model, placing the customer at the center and shifting to a global system. BearingPoint's Lease&Rent allows Xerox to offer various leasing options and comply with local regulations. With our module Assets&Funding, Xerox's treasury department will be able to leverage automation and improve KPIs directly impacting the company's profitability. Entirely built on SAP Business Technology Platform and utilizing SAP Fiori launchpad technology, users will work with a unified user interface across systems." About BearingPoint BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: Consulting, Products, and Capital. Consulting covers the advisory business with a clear focus on selected business areas. Products provides IP-driven digital assets and managed services for business-critical processes. Capital delivers M&A and transaction services. BearingPoint's clients include many of the world's leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success. BearingPoint is a certified B Corporation, meeting high standards of social and environmental impact. For more information, please visit: Homepage: Lease&Rent: LinkedIn: View source version on Contacts Press contact Alexander BockGlobal Senior Manager CommunicationsTelephone: +49 89 540338029Email:
Yahoo
20-02-2025
- Business
- Yahoo
European BearingPoint survey on payment behavior: Cash usage declines, and one in three Europeans would use the digital euro
The use of cash is declining in Europe, but it remains the most frequently used payment method in German-speaking countries. Meanwhile, awareness of central bank digital currencies is on the rise, with one in three Europeans saying they would use the digital euro. Notably, trust in banks to handle digital euro transaction data is ten times higher than trust in technology companies. This is shown by a new survey conducted by management and technology consultancy BearingPoint in nine European countries. AMSTERDAM, February 20, 2025--(BUSINESS WIRE)--The latest European Payment Study by management and technology consultancy BearingPoint reveals significant shifts in payment behavior across nine European countries. While cash usage continues to dominate transactions in German-speaking countries, it is steadily declining across the continent. In Germany, Austria, and Switzerland cash remains the most frequently used payment method, accounting for 69%, 73% and 57% of transactions, respectively. In contrast, the Nordic countries, particularly Sweden with 28% and Denmark with 35%, show significantly lower cash usage, highlighting a pronounced difference compared to other countries. Overall, the survey reveals that the frequency of cash usage has declined in almost all surveyed countries compared to the previous year. Awareness of central bank digital currencies on the rise The digital euro has achieved relatively high awareness, with only one-third of respondents having never heard of it. The situation is somewhat different for the central bank digital currencies (subsequently referred to as CBDCs) in Sweden, Denmark, and Switzerland. In these countries, four out of ten respondents are unfamiliar with CBDCs. Respondents primarily view the digital euro and the CBDC as a complement to existing payment methods. One in three respondents would use the digital euro On a country average, one in three respondents would use the digital euro, with one in five ready to use it even multiple times a week. This shows a significant difference compared to the non-euro countries Sweden and Denmark, where only one in four respondents would use a central bank digital currency and less than one in ten would use it multiple times a week. As the survey results make clear, countries with high cash usage are also more likely to use the digital euro more frequently. Christian Bruck, Partner at BearingPoint and Payments expert: "Cash usage remains at a high level compared to other payment methods in European countries. It is currently unforseeable that cash will lose its significant role in Europe, even though the frequency of cash usage has decreased compared to the previous year. What's interesting is that awareness of the digital euro continues to grow. The fact that the digital euro would be used regularly by an average of one in three people highlights the potential of this payment method." Online shopping remains the most favored use case for the digital euro As in the previous year, online shopping remains the preferred use case for the digital euro or CBDC, with an average of 37% across countries. However, the extent varies from country to country; Ireland is the leader with 48%, followed by Austria with 42%, which recorded the highest increase of 6 percentage points compared to the previous year and is now ahead of Germany (38%). With 26%, the lowest use of online shopping is reported in Sweden. As the second most important use case, in-store shopping is cited with an average of 28% across countries. The use of the digital euro for money transfers to friends is most prevalent in Ireland (36%) and Finland (34%). The free-of-charge usage criteria remains the top scorer for the digital euro On a country average, the ranking of criteria for using the digital euro/CBDC has remained the same compared to last year. Being free of charge (43%) and accepted everywhere (37%) are still the leading objective requirements. Only one in five respondents would consider a high level of user experience as a reason for using the digital euro. Trust in banks for digital euro transaction data is ten times higher than in technology companies At 55%, respondents have a high level of trust in the banking sector to collect and store digital euro transaction data, compared to only 5% for technology companies such as Apple, Google, and Amazon. Dr. Robert Bosch, Partner and global leader Banking & Capital Markets at BearingPoint: "The survey shows that more and more Europeans are getting involved with the digital euro. Expectations for its use are becoming more concrete and vary from country to country. The banking sector is clearly favored for storing and recording transaction data. When it comes to central bank digital currencies, the banking sector could leverage this momentum to strengthen its position with end customers." About the survey The data used is based on an online survey in which a total of 10,222 people in Austria (1,025), Switzerland (1,026), Germany (2,019), Denmark (1,037), Finland (1,026), France (1,028), Ireland (1,028), the Netherlands (1,027), and Sweden (1,006) took part between November 19 and December 1, 2024. The results were weighted and are representative of the respective population aged 18 and over. The survey was designed by BearingPoint and conducted by the market research institute YouGov in the nine countries mentioned. The results were analyzed by BearingPoint payments experts and put into an overall context. BearingPoint has been surveying the GSA region since 2019 and has expanded the panel in this survey to include two additional European countries. About BearingPoint BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: Consulting, Products, and Capital. Consulting covers the advisory business with a clear focus on selected business areas. Products provides IP-driven digital assets and managed services for business-critical processes. Capital delivers M&A and transaction services. BearingPoint's clients include many of the world's leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success. BearingPoint is a certified B Corporation, meeting high standards of social and environmental impact. For more information, please visit: Homepage: LinkedIn: View source version on Contacts Press contact Alexander BockGlobal Senior Manager CommunicationsTelephone: +49 89 540338029Email: Sign in to access your portfolio
