Genpact Recognized as a Leader in Finance and Accounting Outsourcing in the 2024 Everest Group PEAK Matrix® Assessment

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Genpact (NYSE: G) has been named a Leader in the 2024 Everest Group Finance and Accounting Outsourcing (FAO) PEAK Matrix® Assessment for the thirteenth consecutive year. The recognition highlights Genpact's expertise in finance and accounting, combined with innovative use of data, technology, and AI for end-to-end finance transformations.

Among 33 global FAO providers evaluated, Genpact stood out for its enhanced capabilities in enterprise risk management, FP&A, and transformation advisory services. The company's significant investments in generative AI, tools and platforms, and outcome-oriented approach contributed to its leadership position. Genpact offers comprehensive solutions including ESG services, Enterprise Risk and Compliance services, and has launched a generative AI Center of Excellence to develop innovative solutions.

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Genpact's F&A expertise and global reach drive transformation for enterprise clients worldwide

NEW YORK, Oct. 28, 2024  /PRNewswire/ -- Genpact (NYSE: G), a global professional services and solutions firm delivering outcomes that shape the future, today announced that it has been named a Leader for the thirteenth consecutive year in the 2024 Everest Group Finance and Accounting Outsourcing (FAO) PEAK Matrix® Assessment. This recognition underscores Genpact's deep finance and accounting (F&A) expertise, coupled with its innovative use of data, technology, and AI to deliver end-to-end finance transformations that create competitive advantages for enterprises globally.

"Modernizing the finance function by turning massive amounts of data into actionable insights is key to driving growth and competitiveness," said Riju Vashisht, Chief Growth Officer, Genpact. "Our ongoing investment in advanced technologies helps our enterprise clients innovate and harness the power of data and AI to drive business value today and shape the future of the ever-evolving finance function."

Everest Group evaluated 33 global FAO providers through its rigorous annual RFI process, client references, and market analysis. Leaders are distinguished by their superior technology capabilities, innovative engagement models, ongoing investment in F&A capabilities, and operational scale to meet diverse client needs.

"Genpact has further strengthened its capabilities in upstream processes such as enterprise risk management and FP&A, as well as its transformation advisory capabilities, to support clients in end-to-end finance transformation," said Vignesh Kannan, Vice President, Everest Group. "A significant investment in generative AI, focused investments in tools and platforms, an outcome-oriented approach, and good client satisfaction ratings have solidified Genpact's position as a Leader in Everest Group's 2024 Finance and Accounting Outsourcing (FAO) Services PEAK Matrix® Assessment."

Genpact's Leader ranking reflects its ability to:

• Combine deep F&A expertise with data, technology, and AI capabilities to deliver value-based solutions that meet each client's specific requirements.
• Empower clients to reimagine F&A with an applied AI lens to drive transformational business outcomes.
• Offer industry-specific solutions with embedded consulting capabilities to deliver F&A and digital transformation services.
• Offer end-to-end Environmental, Social, and Governance (ESG) services, including ESG reporting, data management, controls, and carbon accounting.

Genpact integrates Enterprise Risk and Compliance (ERC) services with F&A to deliver comprehensive solutions including, controls transformation, Sarbanes-Oxley Act (SOX) compliance, internal audit, audit analytics, regulatory compliance, and value-added tax (VAT) recovery. The company continues to invest in advanced technologies, launching a generative AI Center of Excellence and AI innovation centers to co-create solutions with clients for anomaly detection, vendor inquiry resolution, and information summarization.

For more information on Genpact's finance and accounting services, visit: https://www.genpact.com/services/finance-and-accounting 

About Genpact

Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Powered by our purpose – the relentless pursuit of a world that works better for people – we serve and transform leading enterprises, including the Fortune Global 500, with our deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI.

Get to know us at genpact.com and on LinkedIn, X, YouTube, and Facebook. 

MEDIA CONTACT:

Geraldine Lim
Genpact Media Relations
+1-951-318-3494
geraldine.lim@genpact.com 

 

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SOURCE Genpact

FAQ

What recognition did Genpact (G) receive in the 2024 Everest Group Assessment?

Genpact was named a Leader in the 2024 Everest Group Finance and Accounting Outsourcing (FAO) PEAK Matrix® Assessment for the thirteenth consecutive year.

How many FAO providers did Everest Group evaluate in their 2024 assessment?

Everest Group evaluated 33 global FAO providers through their annual RFI process, client references, and market analysis.

What new AI initiatives has Genpact (G) launched according to the 2024 assessment?

Genpact has launched a generative AI Center of Excellence and AI innovation centers to co-create solutions with clients for anomaly detection, vendor inquiry resolution, and information summarization.

What ESG services does Genpact (G) offer in 2024?

Genpact offers end-to-end ESG services, including ESG reporting, data management, controls, and carbon accounting.