Closing & Reporting Genpact’s Closing & Reporting expertise and wealth of analytical knowledge are gained across industries ranging from manufacturing to service to financial services. This helps us provide timely, value-added analysis that complements your budgeting and review decisions. We provide key inputs to the process in terms of independently managed sections of the budget as well as assistance in consolidation activity. Our Approach We consolidate performance information across various geographic poles and reporting channels, global income statements and balance sheets. We then follow up with various information owners to understand and comment on the key variance drivers with reference to plans and past years' performance. Our range of services includes Close Management, Statutory/GAAP Adjustments, Consolidation, Trial Balance Analysis, Internal Reporting and External Reporting. Additionally, we can track and maintain competitor performance quarterly as part of the global consolidation team. Client Successes We helped a global plastics company address closing and reporting delays. Using Six Sigma, Genpact conducted root-cause analysis that determined 40 percent of journal entries were first being reported manually. This inefficiency not only impacted productivity but also threatened to weaken the quality of controllership. To address the problem an IT solution was implemented, resulting in a 62 percent drop in manual entries and a 50 percent drop in closing time within six months.