Reimagine financial controllership with an agile and strategic record-to-report function
Record-to-report (R2R) teams are evolving to provide value beyond financial reporting by enhancing agility, improving efficiency, and delivering timely insights for better business decisions.
Genpact helps CFOs and financial controllers reimagine R2R operations, enabling continuous accounting, faster closure of books, better compliance, and improved decision-making to drive superior organizational value.
Genpact helped a bank automate regulatory reporting for multiple legal entities, freeing up staff for more strategic tasks.
The bank witnessed up to
75%
efficiency improvement in its legal entity reporting process
Supporting the strategic financial controllership function
Genpact leverages design thinking, finance expertise, and its Digital Smart Enterprise Processes framework to optimize record-to-report processes. By embedding AI-led automation and predictive analytics, we enable faster, more accurate financial closes and near real-time reporting. Our agile centers of excellence foster innovation, driving AI-led finance automation advancements for transformative solutions.
Financial close and reporting transformation
We offer SEC- and GAAP-compliant closing and reporting services, including monthly book closures and group consolidations. Our solutions transform financial close processes with advanced technology for faster, insightful results. Using BlackLine's SaaS platform, we automate journal entries, do reconciliations, and control assurance. Our Continuous Close Accelerator helps streamline the close process, while an AI-powered reporting assistant delivers predictive insights and automated commentary.
General accounting and lease accounting
We provide comprehensive general accounting services, including journal entries, fixed assets, inventory, intercompany accounting, reconciliations, and expense accruals, adhering to various standards. Our accounting transformation leverages best practices and advanced technology to streamline processes, automate tasks, and reduce workload. For lease accounting, we deliver compliance solutions, offering process transformation, data migration, tech implementation, and ongoing management.
Treasury management
Our treasury services include fund management to minimize financial risks and interest-rate exposure; fund accounting for cash transactions, intercompany reconciliations, and compliance with regulations; and treasury reporting for statutory requirements, mandated disclosures (FAS 52, 133/61, 115, 157), and transfer pricing across jurisdictions. These services ensure efficient financial operations and regulatory adherence.
Taxation management
We provide comprehensive tax services, including tax compliance support for corporate and transactional taxes, tax accounting, analysis, calculations, and returns preparation. Our expertise covers reconciling tax accounts, valuation allowances, and state taxes. We assist with US corporate, VAT, sales, federal, property, and premium tax returns, as well as transfer pricing documentation, ensuring accurate preparation and submission tailored to your business needs.
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