Transformation and Consulting
Procure to Pay
Generating Smart Procure-to-Pay Transformation Impact
As we manage accounts payable for Fortune 500 companies, Genpact has a deep understanding of procure to pay (P2P) processes. Our process-improvement experts build on our Lean DigitalSM approach that combines design-thinking principles with Lean methods, digital technology and analytics, and deep domain expertise to streamline procure to pay operations, and meet the expected business outcomes.
Genpact leverages best-in-class benchmarking to identify weaknesses in the P2P process and identify improvement opportunities.
Renegotiating payment terms improves working capital management for an energy company
Using Lean Six Sigma, Genpact helped a major energy company renegotiate payment terms and change its pay-date calculation logic. This P2P initiative helped the company realize $90 million in cash flow improvements in less than 12 months.