Genpact today announced the next generation of its financial controllership suite.
The suite is built on Genpact’s lean-inspired and patented Smart Enterprise Processes. It includes automated reconciliation and journal entry modules allowing CFOs to re-architect how their finance teams work.
Genpact said the financial controllership suite is part of Genpact’s family of finance and accounting solutions. The mother suite also includes accounts receivable management suite, enterprise supplier management, as well as industry-specific solutions using robotics process automation and other leading technology.
The company said the cloud-based solution provides greater visibility across multiple data sources, such as enterprise resource planning (ERP) systems, banking applications, and other recordkeeping databases.
The new automated modules streamline reconciliation and journal entry processes, improve internal controls and audit trails, encourage faster decision making, and reduce training costs.
Genpact’s Financial Controllership Suite is a cloud-based software-as-a-service platform, providing quick implementation and easy scalability without heavy capital or data center investment. It requires minimal technology support and relieves IT departments of the need for continual application upgrades.
Earlier in the month, Genpact said that it has signed an agreement to acquire Endeavour Software Technologies Private Limited, a mobile digital solutions provider. The acquisition of Endeavour will add to Genpact’s digital capabilities in mobile consulting, architecture and design, implementation, and testing.