NEW YORK, Oct. 10, 2017 /PRNewswire/
-- Genpact, a global professional services firm focused
on delivering digital transformation, is a leader among finance and
accounting (F&A) service providers, according to HfS Research,
a leading industry analyst firm.
HfS recognized Genpact in the leading spot for innovation in the
2017 Blueprint Report for Finance and Accounting as-a-Service,
marking the fourth year in a row that Genpact has been in the
Winner's Circle. The report evaluates 19 firms as recognized by
client feedback and HfS analysis in terms of market size, trends,
and strategic direction, with a specific focus on innovation and
execution.
AI transforming F&A
The HfS report cites how
finance executives now look beyond efficiency benefits and are
increasingly focusing on using digital technologies like artificial
intelligence (AI) to transform their F&A operations. HfS
specifically cites Genpact's significant investments in AI and
robotic process automation (RPA) as among the reasons for the
Winner's Circle ranking. The report also calls out the AI-based
Genpact Cora platform, the acquisitions of Rage Frameworks and
Tandem Seven, and ongoing momentum in analytics capabilities in
financial planning and analysis (FP&A).
"In addition to its landmark acquisitions of Rage and
TandemSeven, and other investments in digital technology and
talent, Genpact has earned a leading position in our Winner's
Circle for collaborating with clients and partners to transform the
finance function," said Barbra
McGann, executive vice president, business operations, HfS
Research. "What stands out to us is the results that come from
commitment, forward-thinking, and effectiveness of a 'true
partnership' between clients and the firm."
Genpact delivers impactful business outcomes
As an
example of the impact Genpact delivers for it clients, the company
is helping a global consumer packaged goods market leader transform
inefficient manual financial reporting processes. Reports that
previously took employees weeks to interpret data from various
internal and external systems are now produced in just a few days,
thanks to Genpact's Intelligent Reporting Assistant, powered by
Genpact Cora. The product automates 70 percent of data collection,
and the AI also learns over time, driving much faster, more
frequent forecasts with greater accuracy. As a result, finance
delivers greater value and allows the company to make better
informed business decisions.
A global international insurance organization also turned to
Genpact for help in harnessing AI's power. Genpact used RPA to
automate manual processes across business lines, and applied
natural language generation and analytics to transform FP&A.
The insurer increased productivity in global operations by 40 to 50
percent, strengthened controllership with improved accounting, and
delivered millions in annual cost savings.
"Our top ranking from HfS recognizes Genpact's vision and
execution on innovation, and equally important, our ability to
deliver impactful results," said Shantanu Ghosh, senior vice president and
business leader, CFO and Transformation Services,
Genpact. "Our domain expertise, coupled with our
sustained focus and investment in advanced digital technologies,
creates disruptive value for our clients. We are passionate about
our 'say-do' ratio, which in today's rapid pace of change is
critical, yet often compromised by hype."
For more information about Genpact's F&A services, see
http://www.genpact.com/what-we-do/business-services/finance-accounting.
For details about Genpact Cora, click here. Access the HfS report
summary here.
About Genpact
Genpact (NYSE: G) is a global
professional services firm that makes business transformation real.
We drive digital-led innovation and digitally-enabled intelligent
operations for our clients, guided by our experience running
thousands of processes for hundreds of Global Fortune 500
companies. We think with design, dream in digital, and solve
problems with data and analytics. We obsess over operations and
focus on the details – all 78,000+ of us. From New York to
New Delhi and more than 20
countries in between, Genpact has the end-to-end expertise to
connect every dot, reimagine every process, and reinvent companies'
ways of working. We know that rethinking each step from start to
finish will create better business outcomes. Whatever it is, we'll
be there with you – putting data and digital to work to create
bold, lasting results – because transformation happens here. Get to
know us at Genpact.com and on LinkedIn, Twitter, YouTube, and
Facebook.
For more information:
Danielle
D'Angelo
(Genpact Media
Relations)
danielle.dangelo@genpact.com
+1
914-336-7951
|
Abby
Trexler
(for Genpact
U.S.)
atrexler@peppercomm.com
+1
212-931-6179
|
Mark
Pinnes
(for Genpact
U.K.)
mpinnes@peppercomm.com
+44 20 7680
7121
|
Rudra
Bose
(for Genpact
India)
rudra.bose@bm.com
+91
9811626585
|
|
View original content with
multimedia:http://www.prnewswire.com/news-releases/hfs-research-ranks-genpact-as-leader-in-finance-and-accounting-300533650.html
SOURCE Genpact