In such turbulent times, when world economies are crashing down, the growing financial concerns has strained the global enterprises to reduce cost and maximize profits, and has forced them to focus on the value of transparency and visibility in their Accounts Payable process.
In the midst of significant challenges occurring from lengthy payment cycles, backlogs created by outdated or manual systems, processing errors and vendor dissatisfaction, Accounts Payable Process is significantly growing in importance for any enterprise to generate superior business outcomes.
It also facilitate intelligent enterprises to reduce account concerns and losses from excess payments drive up costs, and show the way to long-term positive effects on business relationships.
At Genpact, our Accounts Payable solutions leverage our global delivery capability to help intelligent enterprises standardize and consolidate processes across geographies, driving significant cost reductions and increased revenue, while increasing vendor satisfaction and shortening payment cycles for improved cash flow.
Genpact AP services focus on reducing processing costs and payment delays through:
- Consolidation and Standardization across geographies, enhancing efficiency and typically reducing costs by 5-10%
- Invoice Automation to automate data capture, typically increasing productivity by 15-50%
- Controllership to strengthen roles and provide enhanced oversight and audits
- Discount Capture to improve cycle times and capture penetration while expediting and optimizing the capture
- Working Capital Optimization to improve the client’s ability to pay on time, enabling better price negotiation and better cash flow
Genpact’s Smart Enterprise Processes (SEPSM) framework evaluates clients’ performance against best-in-class performance and introduces our proprietary tools and proven industry best practices to drive end-to-end process improvements.
Contact us today to find out how Genpact Accounts Payable solutions can create value for your organization.
Key Facts About Genpact AP
- 60+ clients, 4000+ AP FTEs
- 15 languages
- 250+ FTEs support ~0.20MM users in Expense Reports
- Process 37MM invoices worth $150B per annum
- 10 years experience
- Multiple ERPs (Oracle, SAP, JDE)
- $440MM business impact delivered to clients in 2010
At Genpact, our Account Payable solutions consolidate and standardize AP process by employing smarter technology and re-engineering solutions combined with process rigor approach to enable intelligent enterprises to maximize profits and thrive in the rapidly changing economies.
- Document Management
- Invoice Processing
- Approval / Resolution Management
- Help Desk
- Month-End and Internal/External Reporting
Genpact AP Value Adds
- Working Capital Optimization
- Discount Capture
- Invoice Automation
- Consolidation & Standardization
Genpact is an exhibitor at NACM's 117th Credit Congress & Expo 2013, Las Vegas, NV
May 19 - 22, 2013, Las Vegas, NV