What We Do
Finance and Accounting Services
Generating CFO Impact
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.
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.
Accounting, Closing And Reporting
Genpact's Accounting, Closing, and Reporting (ACR) processes mitigate risk and lower costs by reducing accounting silos, delays, and errors, and creating standardized, globally compliant processes.
Effective accounts payable (AP) processes that optimize working capital, sustain cash savings initiatives, and enable long-term supplier relationship management can help organizations maximize profits and thrive in rapidly changing economies.
Financial Planning & Analysis
Financial Planning and Analysis (FP&A) should be helping the enterprise get out in front of its competition. Unfortunately, too often these teams find themselves hindered by diverse systems of records, siloed operations, manual processes, and long turnaround times.
Genpact General Accounting (GA) solutions combine Record to Report (R2R) processes into standardized, efficient workflows that ensure accurate financial data is captured and shared across the enterprise.
Order to Cash
Order to Cash (OTC) is often challenged by siloed operations and inefficient processes, and the required transformation can be daunting. For over 16 years, Genpact has designed, transformed, and run intelligent finance and accounting (F&A) operations across industries, deploying advanced operating models for OTC that reduce days sales outstanding (DSO), limit revenue dilution, improve cycle times, reduce costs, and boost customer satisfaction.
Product Cost Accounting
Genpact's product cost accounting solutions provide end-to-end oversight of the entire supply chain, from Bill of Material (BoM) setup, updates, and reviews to forecasting and budgeting, factory accounting and reconciliation, and reporting.
Record to Report
Today's CFOs often struggle to improve their organization's ability to deliver better information, faster reporting, more quality time for data analysis, and strong governance. To deal with these challenges, companies need to build better record-to-report operating models that combine process, technology and analytics and be a cornerstone of intelligent enterprise operations that are able to sense, act - and learn from their actions - at scale.
Genpact's Tax Compliance Services help businesses lighten the load and focus on transparency, facilitating cross-border collaboration, process efficiency and effectiveness, and visibility and control over local compliance outside headquarters.
Genpact's treasury outsourcing expertise provides our clients with instant access to country- and industry-specific knowledge from more than 200 treasury domain specialists.
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:
How an internal controls CoE provides effective risk coverage for a global consumer goods companyRead now
Genpact helps an inventory financing firm streamline its financial spreading processRead now
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.