Source to Pay Outsourcing | Sourcing Management

In the radically changing world, technology and innovative business ideas are altering the landscape of global market network. The sudden need to reduce cost, hold on to top line opportunities regarding procurement and services, driving best-in-class performance, and achieving superior business outcomes in sourcing and procurement are critical for an intelligent enterprises to succeed.

However, very few enterprises are able to achieve these objectives as a consequence of:

A silo approach to procurement across geographies, functions and processes
Limited visibility into best-in-class performance measures and benchmarks
Focusing only on process efficiencies versus process effectiveness
Unclear linkages between process drivers and business outcomes
Using technology without process rigor

Supply & Demand Chain Executive's 2012 "100" award honorees drive improvements and bottom-line value across their supply chains. ...Read more

At Genpact, we employ our unique, scientific methodology of Smart Enterprise Processes (SEP^SM) to implement best-in-class practices across sourcing and procurement organizations.

This methodology is supported by Genpact’s process rigor, operational and process excellence, analytics, re-engineering and technology solutions. SEP^SM enables intelligent enterprises to take smarter decisions, extract maximum value from their source-to-pay processes, and deliver best-in-class performance for superior business outcomes. Such as reduced total cost of ownership (TCO), higher savings on spend, optimized working capital, and higher availability of materials and services.

Supply & Demand Chain Executive's 2012 "100" award honorees drive improvements and bottom-line value across their supply chains. ...Read more

At Genpact, we present end-to-end indirect source to pay services across various industries like Automotive, Consumer Products, Energy, Financial Services, Healthcare, Hi-Tech, Media and Pharma.

We have a significant expertise in the following spend categories - MRO and Capex, Logistics, Packaging, Services, Travel, Marketing, and Telecom.

Spend Analysis

Spend extraction, cleansing and categorization
Opportunity assessment
Spend cube
Decision support information

Category Management, Negotiation and Contracting

Supplier profiling & Market analysis
Cost reduction idea generation – Opportunity Assessment, Should Cost Analysis (Price/Non-Price levers)
Demand and Specification Management
RFQ/E-Auction hosting and management
Negotiation & Contract release
Sourcing analytics and SRM services

Procurement

Master Data management – Catalog, vendor and item master, and contract master management
Requisition to PO – Buyer need identification, planning, requisition creation and approval, and PO issue and dispatch
Material Receipt
Responsible/Sustainable Procurement

Accounts Payable

Invoice receipt and processing
Resolution and payments
Expense report processing
Tax Compliance and Audits
Mailroom Operations – Sorting/Indexing/Scanning & Archiving

Analytics and KPI Reporting

Compliance Reporting – Contract/Vendor/Regulatory/Transaction compliance i.e., Non PO, preferred vendor spend reports and Specific advisory
Sourcing and Category Management – Price Variance Analysis, Supplier Aggregation Opportunities, Category Research reports etc
Payables - Discount capture/Paid on time performance/First Pass Yield/Duplicate Payment Analysis
Miscellaneous - Supplier Risk Assessment, Ongoing performance management etc

Source To Pay Technology

End-to-end bundled and modular optimization solutions
On-demand solutions through partnerships with best of breed e-procurement technology service providers

Supply & Demand Chain Executive's 2012 "100" award honorees drive improvements and bottom-line value across their supply chains. ...Read more

Our scientific methodology of Smart Enterprise Processes (SEP^SM), to implement smarter processes, analytics, and best-in-class practices across sourcing and procurement organizations, enables intelligent enterprises to reduce costs and create superior business outcomes.

Genpact is working with a Fortune 100 IT Software Company to transform their source to pay function and help achieve savings of over $160 million.
For a leading energy company, Genpact provided spend analytics and sourcing for their key indirect spend categories, delivering 35% improvement in spend visibility and increased compliance
Genpact has already completed 14 source-to-pay SEP^SM assessment with identified business impact of over >$200 million.

Key clients include:

Large Pharma Company – Through the SEP^SM assessment, Genpact identified improvement areas in the client’s S2P process, currently implementing a 2 year transformation plan with estimated $35 milllion savings and $300 million cash flow
Global Automotive Manufacturer – Opportunities of $10 million identified through e-Procurement, workflow, spend analytics, eRFX and e-Auction technology.
Fortune 100 IT Software Company - Up to $40 million TCO reduction opportunity was identified, which can be achieved through increased spend under management, contract visibility and compliance, organization realignment and usage of technological platforms
Global Financial Services Company – Genpact delivered best-in-class benchmarks and proposed an end to end process roadmap to the client for superior business performance.