Finance and Accounting

Accounts Payable

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.

Genpact accounts payable solutions and services combine process rigor with leading-edge technology, analytics, and transformation solutions to drive higher impact by enabling a more effective AP function. Genpact accounts payable outsourcing services encompass end-to-end AP processes:

  • Document management
  • Scanning
  • Invoice processing
  • Approval and resolution management
  • Help desk
  • Disbursement
  • Month-end and internal/external reporting

The benefits we deliver include:

  • Consolidation and standardization
  • Invoice automation
  • Greater control
  • Invoice discount capture
  • Working capital optimization

Solutions

Genpact designs, transforms, and runs intelligent business operations that support finance transformation. Our AP solutions and services make the end-to-end accounts payable process more efficient and effective. Our Smart Enterprise Processes (SEPSM) framework evaluates clients' performance against best-in-class functions and links key metrics to business outcomes, for a more targeted intervention and tighter alignment with business objectives. Coupled with our proprietary Systems of EngagementTMtools, Data-to-ActionSM analytics, and proven industry best practices, our approach provides a measurable and significant impact, including greater accuracy, tighter compliance, faster cycle times, and lower processing costs.

Show More

Our solutions deliver:

  • Consolidation and standardization across geographies that boost efficiency and reduce costs by 5% to 10%
  • Invoice automation to streamline data capture and processing, increase productivity by up to 50%, and improve payment on time
  • Greater control to minimize and eliminate risks and revenue leakage
  • Invoice discount capture through efficient processes that reduce cycle time and realize savings
  • Working capital optimization to improve an organization's ability to pay on time, and enable better price negotiation and cash flow

Our global coverage and deep practice capabilities include:

  • More than 100 clients
  • Global coverage supporting 15 languages
  • More than 45 million invoices processed annually, worth US$250 billion
  • More than 16 years' experience in accounts payable outsourcing
  • Support for all ERP platforms (Oracle, SAP, JDE, etc.)
  • Full-service business process optimization capabilities

Impact

Genpact's SEPSM framework approach to AP outsourcing and finance transformation delivers measurable results across industries.

Ready to
Explore?