What We Do
Finance and Accounting Services
Generating CFO Impact
Modern CFOs act as strategic partners to the business. Genpact’s Finance and Accounting (F&A) solutions help finance leaders design, transform and run their processes and operations to realize their finance transformation goals. Reimagining finance through practical and agile analytics, digital technology, and advanced organizational models unlocks working capital, boosts CFO teams' productivity, and drives compliance.
Our team of F&A experts provides services to more than 140 clients in 30 languages, from 47 delivery centers in 25 locations around the world. Analyst firms such as Gartner, HfS Research, and Everest have rated our capabilities among the very best in the world.
Genpact follows a Lean DigitalSM approach that harnesses design-thinking methods, Lean principles that enable end-to-end process redesign, and advanced digital technologies, underpinned by domain knowledge. Using our unique Smart Enterprise Processes (SEPSM) as a framework, Digital SEP enables organizations to reimagine business outcomes. Genpact's Systems of EngagementTM for Finance and Accounting create an agile technology layer that complements existing systems of records, providing enterprise-wide continuity of information and operations. This suite of solutions includes modules for order to cash, procure to pay (P2P), and record to report (R2R) to cover key F&A activities, end-to-end, including credit, invoicing, collections, cash, payables, and financial close processes. These solutions easily integrate into any existing ERP systems environment.
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.
Enterprise Performance Management
Genpact supports companies with EPM solutions that automate routine tasks and generate qualitative business insights for effective decision making.
Order to Cash
Genpact’s order to cash capabilities reduce days sales outstanding, limit revenue dilution, improve cycle times, reduce costs, and boost customer satisfaction.
Genpact's Order Management solutions place the focus on customer satisfaction by helping our clients deliver a “perfect order" every time: on time, in full, undamaged, at the correct price, and with all of its required documentation correctly completed.
Record to Report
Genpact’s record to report solution encompasses closing, and reporting services for statutory and local accounting principle requirements. It also enables complex processes, like tax compliance, statutory reporting, treasury, and product costing accounting.
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:
CPG major transforms regional shared services into a global hub to net 21% productivity in first year of operationRead now
Global consumer goods leader enhances business performance with enterprise performance analyticsRead 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.