Finance and Accounting

General Accounting

The manual processes and diverse data systems used to create financial reports must provide accurate, timely information. 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. Over 5,600 specialists deliver general accounting services to more than 90 global clients, shortening cycle times, reducing rework, automating tedious processes, and lowering the risk of negative legal and financial consequences arising from inaccurate reporting.

Solutions

For more than 16 years, Genpact GA solutions have provided actionable, real-time accounting insights to businesses in industries as diverse as Automotive, Consumer goods and retail, Media, Banking and Finance, Insurance, and Hospitality. Genpact deploys our Systems of EngagementTM for R2R processes to help clients design, transform, and run advanced operating models that drive greater efficiency, effectiveness, and governance at scale. These systems are supported by our Smart Enterprise Processes (SEPSM) framework, which combines process design and execution, analytics, and technologies to link key process drivers to business outcomes and drive continuous improvement.

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Our experience working in multi-currency environments benefits clients globally, catering for foreign-exchange implications. Genpact's GA team leverages broad statutory expertise (U.S., UK GAAP, IFRS, etc.) to handle multiple books of account.

Genpact GA solutions include the following:

  • Expense accruals
  • Fixed assets accounting
  • Inventory and supply chain accounting
  • Closing and group consolidation
  • Account reconciliations (bank, cash, sub-ledger)
  • Intercompany accounting
  • Reconciliations
  • Accruals and reserves
  • Journal entries

Genpact's R2R solutions encompass customized tax and currency translation/adjustment programs, policy rationalization, and formula-based automated journal entries to 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 with Enterprise Resource Planning (ERP) systems such as SAP, Oracle, JD Edwards, and PeopleSoft and bolt-on tools such as Blackline, Trintech, Smart View, SAP Runbook, and AssureNET optimize clients' return on technology investments.

Impact

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