Genpact, a global provider of business and technology services,
has signed a five-year contract to provide certain finance and
accounting activities for Kimberly-Clark Corporation (NYSE: KMB).
Outsourcing of these services to Genpact is part of Kimberly-Clark's
global competitive improvement initiatives, which were announced in
July 2005. Terms of the contract were not disclosed.
"This move will allow us to better focus our resources on
innovation, brand-building and other capabilities that will drive
long-term, sustainable growth," said Ian Maginnis, Kimberly-Clark vice
president of business support delivery. "Genpact is highly regarded by
numerous multinational clients as a partner that provides top-quality
service in finance and accounting services. By moving our non-core F&A
activities to Genpact, we will reduce costs and improve efficiency in
these areas."
Building upon Kimberly-Clark's strong base in F&A, Genpact will
support the company's global operations in the areas of: accounts
payable and travel expenses, pricing administration,
accounting-to-reporting and supply-chain accounting.
"We look forward to partnering with Kimberly-Clark in ways that
will not only improve processes, but contribute substantial
bottom-line savings as well," said Pramod Bhasin, Genpact president
and chief executive officer. "Innovation is as important in the back
office as it is in product development and distribution. It is
something we work at and share with our clients every day. We are
honored to join Kimberly-Clark in our common pursuit of innovation."
About Kimberly-Clark
Kimberly-Clark and its well-known global brands are an
indispensable part of life for people in more than 150 countries.
Every day, 1.3 billion people--nearly a quarter of the world's
population--trust K-C brands and the solutions they provide to enhance
their health, hygiene and well-being. With brands such as Kleenex,
Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark holds the
No. 1 or No. 2 share position in more than 80 countries. For more
information about the company's 134-year history of innovation, visit
www.kimberly-clark.com.
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 26,000 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
