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Finance and Accounting Services

Modern CFOs act as strategic partners to the CEO. Genpact Finance and Accounting (F&A) solutions helps finance leaders design, transform and run their processes and operations, to realize their finance transformation goals. Reimagining finance through practical and agile analytics, technology, and advanced organizational models helps us unlock working capital, boost CFO teams' productivity, and drive compliance - today. Our team of more than 21,000 F&A experts provides services to 136 clients in 30 languages, from 44 delivery centers in 26 locations around the world. Recognized industry analyst firms such as Gartner, HfS, and Everest have rated our capabilities among the very best in the world.

Genpact Finance and Accounting solutions include Accounts Payable, Order to Cash, General Accounting, Accounting Closing & Reporting (ACR), Treasury, Tax Services, Financial Planning & Analysis, and F&A Systems of Engagement.

We also deliver high-end F&A solutions such as Product Cost Accounting, Finance Business Intelligence and Enterprise Risk and Compliance solutions.

We design, transform, and run Intelligent OperationsSM. Embedded analytics provide actionable insights that support better decision-making. Our Smart Enterprise Processes (SEPSM) framework uses granular data analysis, sophisticated diagnostics, cross-functional benchmarks, and innovative technology to maximize process effectiveness and efficiency. In addition, Genpact's Systems of EngagementTM for Finance and Accounting create an agile technology layer that complements existing systems of records, providing continuity of information and operations across the entire enterprise. Genpact Systems of EngagementTM include modules for Order to Cash (OTC), Procure to Pay (P2P), and Record to Report (R2R). These automate end-to-end key F&A activities, including credit, invoicing, collections, cash, payables, and financial close processes. These solutions easily integrate into any existing ERP systems environment.

We help customers become more competitive by making their enterprises adaptive, innovative, and globally connected, “generating impact" that results in better costs, cash, and revenue outcomes. Proven results include the following.

Partnering to set up a captive F&A GBS/SSC for a large European brewery
This client leveraged Genpact's expertise in facilities setup, governance structures, metrics, and IT to set up a captive F&A Global Business Services (GBS) center in Krakow, Poland. Genpact helped define the IT implementation plan; set up HR policies and new hire and training programs; and migrated FTEs from 22 countries across market to cash, accounts payable, and general ledger.

US$460+ million working capital impact for global biopharmaceutical leader
A leading global biopharmaceutical firm's F&A teams were dispersed across more than 50 countries, and 75% of the staff was decentralized. The company wanted to blend its core strengths with third-party best practices to achieve best in class. Genpact deployed a successful cross-regional F&A solution in less than a year, releasing $460 million of working capital immediately and producing $160 million savings over the first five years of operation.

Centralized, efficient F&A operations produce $33 million savings in first year
Disparate ERPs across 75 countries on six continents created higher SG&A costs for one of the world's largest and most respected brewing companies. Genpact leveraged our F&A outsourcing experience to create a Finance SSC three months ahead of schedule, providing cost-effective capacity and flexibility across operating regions. This finance transformation produced $33 million in cost savings the first year and $51 million in annual working capital improvement.

New global governance framework lowers risk and increases FCPA compliance
A leading U.S. multinational that designs, manufactures, and sells footwear and sports apparel found itself exposed to a significant risk of non-compliance with anti-bribery laws within many of the more than 150 countries in which the company operates. Genpact screened vendors in high-risk countries, performed risk assessment to identify control gaps in key high-risk processes, and designed a comprehensive framework for anti-corruption monitoring to drive tighter compliance worldwide.