NEW YORK and HOUSTON, Feb. 4,
2020 /PRNewswire/ -- Genpact (NYSE: G), a global
professional services firm focused on delivering digital
transformation, and HighRadius, an enterprise SaaS
(Software-as-a-service) fintech company, today announced a
strategic partnership that will provide improvements to enterprise
accounts receivable and bring together digital automation solutions
powered by advanced machine learning and artificial
intelligence.
"Many enterprises today have been unable to streamline their
receivable processes, negatively impacting business operations and
profitability," said Katie Stein,
Genpact's chief strategy officer. "Genpact and HighRadius will
solve this challenge by delivering a transformative digital
automation solution that enables businesses to maximize their
working capital, while enhancing the customer and user experiences.
We see a great opportunity to leverage the potent combination of
domain know-how, proven technology, and digital sophistication this
partnership will bring."
Genpact and HighRadius, both leaders within their respective
areas, will work together to innovate within the order-to-cash
cycle – a critical business process that has a direct impact on
improving key value outcomes for enterprises spanning customer
experience, revenue optimization, margins and cash flow, and more.
In fact, according to IDC, a leading analyst firm, the accounts
receivable process is one of the most critical and complex
processes within an organization, and more companies are investing
in SaaS platforms to address their need for flexible and agile
financial applications that are easy to implement, configure, and
update.
"Enterprises can achieve true ROI from investing in order to
cash only with an integrated receivables platform that leverages
artificial intelligence to automate clerical work, enable
decisions, and focus people on real value creation," said
Sayid Shabeer, chief product
officer of HighRadius. "This partnership will fundamentally
shift accounting departments away from legacy models and toward a
turnkey solution that is future-proof, scalable, and flexible."
Sashi Narahari, founder and
chief executive officer, HighRadius, and Tiger Tyagarajan,
chief executive officer, Genpact will participate in a fireside
chat focused on "The Past, Present, and Future of the Office of
Digital CFO" on Wednesday, February 5,
2020 at Radiance 2020 - the Order to Cash and Treasury
Unconference, at the AT&T Stadium in Dallas, TX.
See Genpact and HighRadius websites for more
information on the partnership.
About HighRadius
HighRadius is a Fintech enterprise
Software-as-a-Service (SaaS) company which leverages Artificial
Intelligence-based Autonomous Systems to help companies automate
Accounts Receivable and Treasury processes. The HighRadius®
Integrated Receivables platform reduces cycle times in your
order-to-cash process through automation of receivables and
payments processes across credit, electronic billing and payment
processing, cash application, deductions, and
collections. HighRadius® Treasury Management
Applications help teams achieve touchless cash management,
accurate cash forecasting and seamless bank reconciliation. Powered
by the Rivana™ Artificial Intelligence Engine and Freeda™
Digital Assistant for order-to-cash teams, HighRadius enables teams
to leverage machine learning to predict future outcomes and
automate routine labor-intensive tasks. The radiusOne™ B2B
payment network allows suppliers to digitally connect with buyers,
closing the loop from supplier receivable processes to buyer
payable processes. HighRadius solutions have a proven track record
of optimizing cash flow, reducing days sales outstanding (DSO) and
bad debt, and increasing operational efficiency so that companies
may achieve strong ROI in just a few months. To learn more, please
visit www.highradius.com
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 primarily for Global Fortune 500 companies.
We think with design, dream in digital, and solve problems with
data and analytics. Combining our expertise in end-to-end
operations and our AI-based platform, Genpact Cora, we focus on the
details – all 90,000+ of us. From New York to New Delhi and more than 30 countries in
between, we connect every dot, reimagine every process, and
reinvent companies' ways of working. We know that reimagining each
step from start to finish creates better business outcomes.
Whatever it is, we'll be there with you – accelerating digital
transformation to create bold, lasting results –
because transformation happens here. Get to know us
at Genpact.com and
on LinkedIn, Twitter, YouTube,
and Facebook.
Safe Harbor
This press release contains certain
statements concerning Genpact's future expectations,
plans and prospects that constitute forward-looking statements, as
defined in the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. In some cases, you can
identify these statements by forward-looking terms such as
"expect," "anticipate," "intend," "plan," "believe," "could,"
"may," "shall," "will," "would" and variations of such words and
similar expressions, or the negative of such words or similar
expressions. These statements are only predictions based on our
current expectations and projections about future events. These
statements involve a number of risks, uncertainties and other
factors that include but are not limited to the risks detailed in
our reports filed with the U.S. Securities and Exchange
Commission, including Genpact's Annual Report on Form 10-K.
These filings are available at www.sec.gov.
Although Genpact believes that these forward-looking
statements are based on reasonable assumptions, you are cautioned
not to put undue reliance on these forward-looking statements,
which reflect management's current analysis of future events and
should not be relied upon as representing management's expectations
or beliefs as of any date subsequent to the time they are
made. Genpact undertakes no obligation to update any
forward-looking statements that may be made from time to time by or
on behalf of Genpact.
MEDIA CONTACTS:
Danielle D'Angelo
Genpact Media Relations – Global
+1 914-336-7951
danielle.dangelo@genpact.com
Siya Belliappa
Genpact Media Relations – India
+91 9823133365
siya.belliappa@genpact.com
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SOURCE Genpact