Genpact Continuing to Add to Automation Capabilities for Corporate Finance and Accounting Transformation
Partnership with TIS to generate increased operational efficiency for Genpact clients
NEW YORK, NY, October 22, 2014 – Genpact Limited (NYSE: G), a global leader in designing, transforming, and running intelligent business operations, has signed an alliance agreement with Top Image Systems Ltd. (TIS), a leading cloud and on premise multichannel capture and Mobile Imaging Platform (MIP) solution provider. This agreement will allow Genpact to leverage TIS’ solutions to develop innovative cloud, mobile, and wearable Finance and Accounting (F&A) intelligent process applications – designed to provide operational efficiencies for global clients looking to leverage advanced technologies to drive disruptive operating models.
Rapid process automation allows organizations to quickly automate and perform critical yet repetitive or time consuming tasks and processes faster, with fewer errors, and easily ramp up or down as demand changes from month to month. This TIS-Genpact collaboration will enable rapid deployment and automation of traditional and cumbersome “paper to ERP and mainframes” processes via intelligent capture and easy interoperability with any ERP environment without extensive integration or configuration.
This partnership is part of Genpact’s strategy to build out innovative Systems of Engagement (SoE) technology that can be layered on top of clients’ existing systems of records and into the fabric of clients’ processes, helping them in the journey towards truly intelligent operations. Genpact clients are now able to take advantage of integrated, tested, and proven mobile-enabled imaging, process automation, and advanced reporting and analytics solutions. TIS and Genpact share the commitment to provide innovation, excellence, and optimized processes to the world’s enterprises, and through this partnership, both companies will work to bring the convenience, ease of use, and affordability of consumer cloud and mobile applications to the enterprise.
“Genpact’s focus on the science of business processes provides us an unparalleled opportunity to intelligently embed our advanced technology solutions into complex business processes that run in some of the largest enterprises globally”, said Michael Schrader, CEO of TIS. “In partnership with Genpact, TIS will look to co-develop the next generation of solutions for business process management”.
“TIS’ technology will enhance Genpact’s capture solutions beyond conventional invoice or claims processing to include mobility, scalable cloud-processing, and real-time analytics that can provide value-added services fully integrated into the end-to-end processes we run for our clients,” said Sanjay Srivastava, Senior Vice President and Business Leader, Enterprise Technology Services, Genpact. “Genpact is committed to delivering best practice process, advanced technologies, and embedded analytics knowledge using innovative systems of engagement technologies that can transform client productivity and business outcomes”.
About Top Image Systems
Top Image Systems™ (TIS™) Ltd. is a leading innovator of enterprise solutions for managing and validating content entering organizations from various sources. Whether originating from mobile, electronic, paper or other sources, TIS solutions deliver content across enterprise applications. TIS’ eFLOW is a common platform for the company's intelligent process applications which are marketed in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers and strategic partners. Visit the company's website at www.topimagesystems.com for more information.
Genpact (NYSE: G) stands for “generating business impact.” We design, transform, and run intelligent business operations including those that are complex and specific to a set of chosen industries. The result is advanced operating models that foster growth and manage cost, risk, and compliance across a range of functions such as finance and procurement, financial services account servicing, claims management, regulatory affairs, and industrial asset optimization. Our Smart Enterprise Processes (SEPSM) proprietary framework integrates effective technology and data-driven insight into the fabric of enterprise processes to help our clients be more competitive. Our hundreds of long-term clients include more than one-fourth of the Fortune Global 500. We have rapidly grown to over 66,000 people in 25 countries with key management and corporate offices in New York City, but our global critical mass doesn’t dilute our flexible and collaborative approach and our management team still drives client partnerships personally. Our clients attribute much of our success to our unique history – behind our passion for process and operational excellence is the Lean and Six Sigma heritage of a former General Electric division that has served GE businesses for more than 16 years. Follow Genpact on Twitter, Facebook, LinkedIn, and YouTube.
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For more information:
Gail Marold (For Genpact Media Relations)
Matthew Kirdahy (For Genpact U.S.)
Quintin Keanie (For Genpact Europe)
+44 (0)207 309 1053
Shelli Zargary (For TIS Corporate Communications)
+97 2 3 767 9114
James Carbonara (For TIS Investor Relations)