TMCnet News
Next Generation Cloud-Based Automation Solution Helps CFOs Rearchitect Finance Operations via Genpact's Lean Digital(SM) ApproachNEW YORK, Oct. 8, 2015 /PRNewswire/ -- Genpact (NYSE: G), the architect of the Lean DigitalSM enterprise, today announced the next generation of its Financial Controllership Suite, which includes new automated reconciliation and journal entry modules allowing CFOs to completely rearchitect 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. Financial Controllership Suite – part of Genpact's Systems of Engagement™ portfolio that overlays cloud-based technology on top of clients' existing systems to transform operations – also improves financial integrity by standardizing processes and fostering easier compliance. 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 addresses these challenges by rearchitecting critical back-office functions through a unique approach that applies Lean and design thinking principles to technology. By combining cutting-edge automation tools with Genpact's deep process expertise, including experience in designing, transforming, and running financial and accounting (F&A) operations for many global clients, the Financial Controllership Suite significantly improves efficiencies and productivity. The 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:
"With our Lean Digital approach and new automation tools, our Financial Controllership Suite provides far-reaching benefits that drive true business impact, making Genpact's F&A services the broadest of its kind in the industry," said Sanjay Srivastava, senior vice president and chief digital officer. "We have many F&A clients who can take advantage of this solution to help their finance teams work smarter and faster, allowing CFOs to take on more critical, strategic roles to deliver greater value to their organizations." Genpact's Financial Controllership Suite is a cloud-based software-as-a-service platform, providing quick implementation and easy scalability without heavy capital or data center investment. It requires minimal technology support and relieves IT departments of the need for continual application upgrades. The Financial Controllership Suite is part of Genpact's family of F&A solutions that also include Accounts Receivable Management Suite, Enterprise Supplier Management, as well as industry-specific solutions using robotics process automation and other leading technology. The solutions connect all relevant F&A components across an enterprise, making finance operations more intelligent, able to execute faster and more accurately, and adapt over time. For more information, see Genpact System of Engagement for Record to Report (R2R): Controllership Suite, and www.genpact.com/leandigital. About Genpact
Logo - http://photos.prnewswire.com/prnh/20140627/122419 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/next-generation-cloud-based-automation-solution-helps-cfos-rearchitect-finance-operations-via-genpacts-lean-digitalsm-approach-300156452.html SOURCE Genpact |