Printer Friendly

Genpact updated financial controllership suite transforms record-to-report processes.

BANKING AND CREDIT NEWS-October 13, 2015-Genpact updated financial controllership suite transforms record-to-report processes


Genpact (NYSE: G), the architect of the Lean DigitalSM enterprise, has said the next generation of its financial controllership suite, which includes new automated reconciliation and journal entry modules allowing CFOs to completely re-architect how their finance teams work.

Built on Genpact's lean-inspired and patented smart enterprise processesSM (SEP), the cloud-based solution provides greater visibility across multiple data sources, such as enterprise resource planning (ERP) systems, banking applications, and other recordkeeping databases. The new automated modules streamline reconciliation and journal entry processes, improve internal controls and audit trails, encourage faster decision-making, and reduce training costs.

Finance teams face tight deadlines during the month-end close cycles, often wasting scarce and valuable resources by correcting mistakes made with manual-intensive processes. Instead of providing strategic insights and serving as a forward-thinking advisor to management, many CFOs struggle with understaffed teams that are pressed for time, and must cope with disparate data sources, manual spreadsheets, localized processes, and multiple legacy systems.

Genpact said its solution provides a single integrated platform: one easy configurable system, one source of information, and one consolidated workflow that links to all of the company's information across multiple locations. This enhanced visibility drives smarter, faster, and more effective finance functions. As a result, CFOs and their teams, can impact business outcomes with bottom-line benefits that:

o Eliminate waste

o Get resources back

o Reduce market risk

Genpact (NYSE: G) stands for generating business impact by architecting the Lean DigitalSM enterprise through a unique approach based on a patented Smart Enterprise Processes (SEPSM) framework that reimagines clients' middle and back offices to generate growth, cost efficiency, and business agility.

((Comments on this story may be sent to

COPYRIGHT 2015 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2015 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 Banking & Credit News (BCN)
Date:Oct 13, 2015
Previous Article:BNY Mellon utilizes SWIFT's KYC registry in redesign of client onboarding process.
Next Article:BNY Mellon explores the influence of fintech alliances on global payments.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters