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Genpact Limited (NYSE: G) is a global professional services firm known for its commitment to delivering transformative business outcomes that shape the future. Established as a spin-off from General Electric in 1998, Genpact leverages its deep industry and functional expertise to provide innovative solutions across a range of sectors including banking and financial services, insurance, capital markets, consumer product goods, life sciences, infrastructure, manufacturing, healthcare, and high-tech.
With over 125,000 employees operating in more than 30 countries, Genpact prides itself on its ability to combine process expertise, technology capabilities, and industry knowledge to help clients achieve significant growth, cost efficiency, and business agility. The company’s proprietary digital business platform, Genpact Cora, integrates advanced technologies such as AI and analytics to streamline operations, enhance decision-making, and drive intelligent operations.
Genpact’s impressive client roster includes more than one-fourth of the Fortune Global 500, reflecting its reputation as a trusted partner for large-scale digital transformation projects. The firm’s dedication to operational excellence has led to collaborations with leading technology platforms like Salesforce, Microsoft, and other industry giants. Recent partnerships include a multi-year engagement with Advantage Solutions to implement industry-leading platforms and a strategic collaboration with Tropicana Brands Group to transform global business services and supply chain operations.
Financially, Genpact has demonstrated consistent growth. For the fiscal year ending December 31, 2023, the company reported annual revenue of $4.5 billion, showing a 2% year-over-year increase despite macroeconomic challenges. The company continues to invest in new technologies and innovative strategies to maintain its competitive edge. In May 2024, Genpact announced a $400 million notes offering intended for general corporate purposes, including the repayment of existing debt, which underscores its strong financial management and strategic foresight.
Genpact’s leadership in the industry is further evidenced by its recognition in various assessments, including Everest Group’s PEAK Matrix® Assessment for financial crime and compliance, where it was named a Leader for the fourth consecutive year. This accolade highlights Genpact’s comprehensive capabilities in areas such as anti-money laundering, fraud management, and risk compliance.
Committed to creating a positive impact, Genpact operates with a purpose-driven approach, aiming to build a world that works better for people. This ethos is reflected in every aspect of the company's operations, from its innovative solutions and strategic partnerships to its sustainable business practices.
Genpact (NYSE: G) has introduced its new Finance Data Hub, powered by the Databricks Data Intelligence Platform. This AI-driven solution aims to provide CFOs and finance teams with faster access to accurate data, enhancing decision-making and operational efficiency. The Finance Data Hub addresses data challenges by consolidating structured and unstructured data from various operations into a central platform.
Built on Databricks' lakehouse foundation, the solution offers clean, reliable data in near-real-time, enabling advanced analytics and AI-driven insights. It features robust governance and simplified compliance, empowering CFOs to adapt quickly to market changes while managing spend, cash flow, and profitability. This collaboration between Genpact and Databricks represents a significant step in helping finance professionals leverage AI and machine learning to optimize performance and enhance forecasting.
Genpact (NYSE: G), a global professional services and solutions firm, has announced a quarterly cash dividend for Q4 2024. The company's board of directors has declared a dividend of $0.1525 per common share. This dividend will be payable on December 23, 2024 to shareholders of record as of the close of business on December 9, 2024. The press release also notes that the declaration of any future dividends will be at the discretion of the board of directors.
Genpact (NYSE: G) hosted its AI Day in New York City, focusing on turning AI innovation into direct business outcomes. The event, themed 'The AI of Now', brought together clients and partners to explore advances in generative AI, machine learning, data, and analytics. Key areas covered included:
- Strategic value of AI in finance
- AI-led value creation in client operations
- Predictive supply chain
- Fostering an AI-first mindset at Genpact
Attendees praised Genpact's commitment to driving cutting-edge innovation and showcasing real-world AI use cases. The event highlighted Genpact's focus on combining domain expertise with technology to scale AI adoption.
Genpact (NYSE: G) has announced it will release its financial results for the third quarter ended September 30, 2024, after the U.S. financial markets close on Thursday, November 7, 2024. Following the release, the company's management team will host a conference call at 5:00 p.m. ET to discuss Genpact's performance.
Participants are encouraged to register in advance to receive a dial-in number and unique PIN for easy access to the call. While early log-in is recommended, registration and access will be available throughout the call. A live webcast will be accessible on the Genpact Investor Relations website, with a replay and transcript posted shortly after the call concludes.
Genpact has announced a strategic partnership with Donegal Insurance Group to enhance the efficiency of its commercial lines underwriting operations using Guidewire Software. The collaboration aims to streamline processes, reduce costs, and improve user and customer experiences. Genpact's platform advisory team is helping Donegal maximize its Guidewire platform to address challenges such as rising customer expectations and complex data management.
The partnership is expected to yield significant results, including increased underwriting availability and improved straight-through processing rates. By reducing manual processes and optimizing workflows, Donegal is modernizing its operations to streamline underwriting and reduce error rates. This collaboration showcases how advanced technologies and industry expertise can transform traditionally manual and complex processes like underwriting.
Genpact (NYSE: G) has been recognized on TIME's World's Best Companies 2024 and America's Best Midsize Companies 2024 lists, highlighting its commitment to employee satisfaction, revenue growth, and sustainability excellence. The rankings, produced in partnership with Statista, are based on comprehensive evaluations across these three critical dimensions.
Balkrishan "BK" Kalra, President and CEO of Genpact, emphasized the company's focus on harnessing advanced technologies while nurturing an empowered workforce. The company's people-first culture and dedication to data, technology, and AI-led innovation aim to create a better future for clients, shareholders, talent, and communities.
In addition to the TIME recognitions, Genpact has received several other prestigious awards, including:
- Forbes World's Best Management Consulting Firms 2024
- Ranked #2 in customer satisfaction, WSJ Management Top 250
- Forbes Best Employers for Women 2024
- Forbes World's Best Employers 2024
- #5 in '50 Best Firms for Data Scientists to Work For 2024' by Analytics India Magazine
- 2024 World's Most Ethical Companies by Ethisphere
Genpact (NYSE: G) has been named a Leader in the IDC MarketScape: Worldwide Enterprise Analytics and AI Business Process Services for Finance and Accounting 2024 Vendor Assessment. This recognition highlights Genpact's strengths in delivering F&A analytics and AI capabilities, emphasizing its breadth of services including functional analytics and AI solutions.
The IDC MarketScape report praised Genpact's comprehensive range of services, including information/data architecture, business data warehousing, data management, cloud enablement, BI tools implementations, big data services, and data strategy. Genpact was chosen for its track record of demonstrated results, competitive pricing, and commitment to SLAs. The company's scale of cloud BPO business, collaborative approach, and automation capabilities were also noted as differentiating factors.
Genpact (NYSE: G) has been named a Leader in Everest Group's inaugural Life Sciences Digital Services for Mid-Market Enterprises 2024 PEAK Matrix® Assessment. This recognition highlights Genpact's expertise in delivering innovative solutions to mid-market life sciences companies. The assessment evaluated 26 global providers based on vision, capability, and market impact.
Genpact's leadership is underpinned by excellence in key services, including:
- Data Analytics and Insights: AI-powered analytics for better decision-making
- Supply Chain Resilience: Optimizing the entire value chain
- Regulatory Compliance: Navigating regulatory complexity
- Patient-Centric Experiences: Enhancing patient engagement and outcomes
This recognition validates Genpact's commitment to improving global health by accelerating time-to-market for drugs and devices.
Genpact (NYSE: G) and STADA (SAZ.DE) have renewed their multi-year partnership to enhance STADA's finance operations. The collaboration aims to derisk, scale, and simplify STADA's financial processes, driving competitive advantages. Since 2019, Genpact has leveraged automation and process-harmonization to improve STADA's critical operations, implementing technologies like Genpact's Cora APFlow.
The partnership has enhanced accuracy in accounts payable and receivable, improved data transparency, and allowed STADA's teams to focus on strategic initiatives. Genpact's expertise has been important in optimizing STADA's finance and procurement processes, from supplier invoicing to financial reporting. The companies are also collaborating on implementing advanced tools like S4HANA and generative AI.
Genpact (NYSE: G), a global professional services firm, has been named to Forbes' 'World's Best Management Consulting Firms' list for 2024. This marks the third time Genpact has received this recognition, highlighting its commitment to delivering transformative outcomes for clients. The list, compiled in collaboration with Statista Inc., is based on an extensive survey of 8,500 consultants and clients worldwide.
Genpact's inclusion underscores its strong industry reputation and expertise in leveraging data, technology, and AI to drive significant value and growth for clients. The company's focus on client-centricity and ability to deliver business outcomes that shape the future were key factors in this recognition. Genpact's solutions span 13 diverse industries and 14 functional areas, driving operational excellence, enhancing customer experience, and unlocking new growth opportunities.
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