Genpact announced a strategic partnership that will provide improvements to enterprise accounts receivable and bring together digital automation solutions powered by advanced machine learning and artificial intelligence.
Katie Stein, Genpact’s chief strategy officer, said, “Many enterprises today have been unable to streamline their receivable processes, negatively impacting business operations and profitability. Genpact and HighRadius will solve this challenge by delivering a transformative digital automation solution that enables businesses to maximize their working capital, while enhancing the customer and user experiences. We see a great opportunity to leverage the potent combination of domain know-how, proven technology, and digital sophistication this partnership will bring.”
Genpact and HighRadius, both leaders within their respective areas, will work together to innovate within the order-to-cash cycle – a critical business process that has a direct impact on improving key-value outcomes for enterprises spanning customer experience, revenue optimization, margins and cash flow, and more. In fact, according to IDC, a leading analyst firm, the accounts receivable process is one of the most critical and complex processes within an organization, and more companies are investing in SaaS platforms to address their need for flexible and agile financial applications that are easy to implement, configure, and update.
Sayid Shabeer, chief product officer of HighRadius, said, “Enterprises can achieve true ROI from investing in order to cash only with an integrated receivables platform that leverages artificial intelligence to automate clerical work, enable decisions, and focus people on real value creation. This partnership will fundamentally shift accounting departments away from legacy models and toward a turnkey solution that is future-proof, scalable, and flexible.”