Genpact GA solutions include:
- Expense Accruals
- Fixed Assets Accounting
- Inventory and Supply Chain Accounting
- Closing and Group Consolidation
- Account Reconciliations (bank, cash, sub-ledger)
- Intercompany Accounting
- Accruals and Reserves
- Journal Entries
Our experience working in multi-currency environments benefits more than 75 GA clients spread across Asia, Australia, Europe, and America, allowing foreign-exchange implications to be accurately reflected. The GA team leverages broad statutory expertise (U.S., UK GAAP, IFRS, etc.) to handle multiple books.
Genpact’s approach to GA services combines a deep understanding of financial accounting and the Record to Record process with a broad knowledge of running industrialized business services for the CFO’s organization. We are market leaders in finance and accounting business process outsourcing (BPO), using our long heritage of Lean Six Sigma to effect true transformation and deliver measurable, ongoing impact. Thanks to our experience, we are able to drive transformation into Finance operations, including those retained in-house and within shared service environments.
Our knowledge is crystallized in our Smart Enterprise Processes (SEPSM) framework, combining process design and execution, analytics, and technologies. SEPSM links key process drivers to business outcomes in processes as wide-ranging as fixed asset accounting, intercompany accounting, reconciliations, and closing and group consolidation. For more than 14 years, we have provided actionable, real-time accounting insights to businesses in industries as diverse as Auto, Media, Banking/Finance, Insurance, and Hospitality.
In addition, our robust training capabilities and experienced pool of resources provide our clients with a targeted mix of well-tested expertise and hands-on operational experience in accounting outsourcing.
We use Citrix-based applications to access remote databases, and customized web-based applications to support various diversified businesses and support the overall outsourcing of Finance processes.
Genpact’s R2R experience also encompasses deployment of customized tax and currency translation/ adjustment programs and formula-based automated-journal entries that optimize the close cycle. A host of tools and technologies further drive GA efficiency and improvement and ensure appropriate controls and checks. Our proven capabilities include Enterprise Resource Planning (ERP) systems such as SAP, Oracle, JD Edwards, and PeopleSoft, and tools such as Blackline, Trintech, Smart View, SAP Runbook, and AssureNet.