Genpact Secures Multi-Year Contract with GlaxoSmithKline to Provide High-End Finance & Accounting Services
Genpact, a leading global provider of business and technology
services, today announced that it has signed a multi-year contract to
provide select finance and accounting services for GlaxoSmithKline's
UK corporate business operations. It is the third contract in two
years to be signed between the pharmaceutical giant and Genpact. Terms
of the contract were not disclosed.
"We are pleased that after only two years of operations,
GlaxoSmithKline has been confident enough in our performance to
partner with us in ways that will help them manage operational risk
and achieve 'best-in-class' status in F&A processes," said Shantanu
Ghosh, who heads Genpact's global F&A practice.
Genpact will support UK-based high-end F&A processes ranging from
corporate consolidation to statutory reporting. The transition of
these services will begin in March.
Genpact's Finance & Accounting practice is the company's largest.
Of its 27,200 employees, some 6,250 professionals deliver a wide range
of F&A services, from transactional accounts payable services to
closing and reporting services and financial planning & analysis.
Genpact serves its clients around the clock from 24 operations
centers in eight countries. The company has successfully delivered and
transitioned more than 2,000 processes for GE and other Fortune 500
companies over its 10-year history. Many of its associates are
certified in Six Sigma quality methods and also trained in Lean,
process reengineering, and have CPA or Chartered Accountant
certifications.
About Genpact
Genpact drives process improvements to help global enterprises
improve their revenue, margins, speed, and customer relationships.
Principally owned by GE, General Atlantic, and Oak Hill Capital
Partners, Genpact has 27,000 highly skilled associates specialized by
industry (banking/finance, insurance, manufacturing, transportation,
automotive, and business services) and by the impact areas they serve
(finance & accounting, sales & marketing analytics, customer service,
financial services collections & operations, supply chain &
procurement services, aftermarket services, information technology
services, and enterprise application services & program management).
With a direct sales network spanning Europe, North America and Asia,
Genpact has operations centers across India as well as in China,
Hungary, the Philippines, Romania, Poland, the United States and
Mexico. For more info: www.genpact.com