- Solution overview
Cora Data Foundation
Discover an industry-specific solution that accelerates digital transformation and delivers actionable insights
Genpact's Cora Data Foundation is a low-code, ready-to-deploy solution that helps organizations source, curate, and enrich their data. When data is accessible in multiple formats for analysis and reporting, teams can rapidly uncover actionable insights and drive competitive advantage.
Cora Data Foundation is a platform agnostic solution and leverages Genpact's deep industry expertise within a pre-built library of configurable assets. These assets are based on Genpact's experience managing business processes for many industries and business functions – including finance and accounting, supply chain, insurance, high-tech, manufacturing, banking, and capital markets.
The solution can collate and process data at varying levels of granularity – from raw form to denormalized and aggregated – for use in artificial intelligence and machine learning applications to support analytical models and insight generation across various systems of engagement.
Transforming source to pay
A global power-generation-equipment manufacturer was grappling with a variety of issues across its source-to-pay data and analytics function. Vendor dissatisfaction, high and variable sourcing costs, contract leakages, and inconsistent payment terms all played a part. Using a Cora Data Foundation solution, the manufacturer sourced, structured, curated, and loaded data from multiple businesses, ERPs, and other applications into an integrated data repository. Using this integrated data, the manufacturer was able to monitor key and cross-functional metrics in real time, generate business insights, and support predictive analytics. As a result, the manufacturer was able to create a business impact of $117 million in just one year and increase spend visibility to $21 billion.
Taking control in finance
A leading financial organization wanted to digitally transform to reduce costs, democratize data, and increase innovation. Using Cora Data Foundation, the organization was able to rationalize financial reports, optimize its financial close, improve overhead allocations, and strengthen financial controls. Combined, this led to benefits of around $74 million, including $15 million in savings on financial audits against an annual audit expense of $68 million. In terms of productivity and accuracy, the organization has reduced the time spent gathering and validating data by 30% and has achieved an earnings forecast accuracy of 90%+ year over year.