| By RealWire News Distribution | Article Rating: |
|
| November 7, 2012 01:06 AM EST | Reads: |
468 |
Plans to Drive Effectiveness and Continuous Improvement in Centrica's Finance and Accounting and Management Reporting Processes
NEW YORK, November 6, 2012 - Genpact Limited (NYSE: G), a global leader in business process management and technology services, today announced a five-year agreement with Centrica, one of the leading energy companies in the world. Centrica is a top 30 company on the FTSE 100 Index with operations predominantly in the UK and North America. Under the terms of the agreement, Genpact will streamline and manage finance and accounting (F&A) and management reporting processes for British Gas, which serves 13 million households and 1 million businesses in the UK, and for its sister company, Direct Energy, which serves 6 million customers across Canada and the United States.
Genpact will drive end-to-end process excellence through its proprietary Smart Enterprise Processes (SEPSM) framework and be Centrica's strategic partner in providing F&A and management reporting services. Genpact will deliver and ensure continuous improvement in those processes, reduce operational risks and improve financial controls while helping both British Gas and Direct Energy manage these costs and take these processes to best in class. This will support Centrica's strategic objectives of growth, building an integrated North American business, and driving overall superior financial returns.
"We are looking forward to the development of our business relationship with Genpact," said Ian Peters, MD, Energy for British Gas. "We chose Genpact because of their track record in F&A and reporting, combined with their commitment to process excellence and optimisation that was truly a differentiator."
"We look forward to a very long term partnership with Centrica. Our framework and approach using the 'science of process' called SEPSM is what we will deploy to drive leading end-to-end processes that will deliver improvements in outcomes," said Tiger Tyagarajan, president and CEO, Genpact. "It is vital in today's competitive marketplace that energy providers maximise the value that effective business processes can create, especially in terms of the insights they can build for their customers, the improvement in customer service, and the bottom-line impact they can create."
About Genpact
Genpact Limited (NYSE: G), a global leader in business process management and technology services, leverages the power of smarter processes, smarter analytics and smarter technology to help its clients drive intelligence across their enterprise. Genpact's Smart Enterprise Processes (SEPSM) framework, its unique science of process combined with deep domain expertise in multiple industry verticals, leads to superior business outcomes. Genpact's Smart Decision Services deliver valuable business insights to its clients through targeted analytics, reengineering expertise, and advanced risk management. Making technology more intelligent by embedding it with process and data insights, Genpact also offers a wide range of technology services. Driven by a passion for process innovation and operational excellence built on its Lean and Six Sigma DNA and the legacy of serving GE for more than 15 years, the company's 60,500+ professionals around the globe deliver services to its more than 600 clients from a network of 74 delivery centres across 20 countries supporting more than 30 languages. For more information, visit www.genpact.com. Follow Genpact on Twitter, Facebook and LinkedIn.
# # #
For more information:
Gail Marold (Genpact Media Relations)
gail.marold@genpact.com
+1 919-345-3899
Allan Edwards (For Genpact UK)
allan.edwards@uk.ogilvypr.com
+44 (0)207 309 1012
Rupali Kathuria (For Genpact India)
rupali.kathuria@bm.com
+91 124 441 7589
Read the original blog entry...
Published November 7, 2012 Reads 468
Copyright © 2012 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By RealWire News Distribution
RealWire is a global news release distribution service specialising in the online media. The RealWire approach focuses on delivering relevant content to the receivers of our client's news releases. As we know that it is only through delivering relevance, that influence can ever be achieved.
- Cloud People: A Who's Who of Cloud Computing
- Cloud Expo New York Speaker Profile: Dave Linthicum – Cloud Technology Partners
- Cloud Expo New York Speaker Profile: Jill T. Singer – Federal CIO Emeritus
- New Relic Q1 2013 Blazes Past Growth Targets and Reaches 40,000 Active Customer Accounts
- CollabNet and UC4 Announce General Availability of Joint Enterprise DevOps Platform
- How Can Green Web Hosting Benefit Your Business?
- Big Data Isn’t About the Database, It’s About the Application
- Session Topics: 12th Cloud Expo / Cloud Expo New York
- BEA Updates WebLogic SOA Portal for Web 2.0 Era
- UNIT4 Business Software: Three Retail Accounting Tips to Help Retailers Leverage the Cloud and Back Office Systems
- Cloud Expo NY: Best Practices for Architecting Your Cloud Infrastructure
- The Rise of the Thin Client
- Cloud People: A Who's Who of Cloud Computing
- Cloud Expo New York Speaker Profile: Dave Linthicum – Cloud Technology Partners
- Cloud Expo New York Speaker Profile: Jill T. Singer – Federal CIO Emeritus
- Enterasys Spotlights SDN's Impact on Traditional Networking in Upcoming Webinar
- New Relic Q1 2013 Blazes Past Growth Targets and Reaches 40,000 Active Customer Accounts
- CollabNet and UC4 Announce General Availability of Joint Enterprise DevOps Platform
- How Can Green Web Hosting Benefit Your Business?
- Big Data Isn’t About the Database, It’s About the Application
- Upcoming Bloomberg BNA Webinar Focuses on COPPA Compliance
- NASA's Twitter Account Wins Back-To-Back Shorty Awards
- Cloud Expo New York: Basics of SSD Technology and Its Use in Cloud
- Session Topics: 12th Cloud Expo / Cloud Expo New York
- The Top 150 Players in Cloud Computing
- Who Are The All-Time Heroes of i-Technology?
- Where Are RIA Technologies Headed in 2008?
- Success, Arrogance, Rise and Fall
- AJAX World RIA Conference & Expo Kicks Off in New York City
- Personal Branding Checklist
- The Top 250 Players in the Cloud Computing Ecosystem
- i-Technology Viewpoint: Attack of the Blogs
- Exclusive Q&A with Jeff Haynie, Co-Founder & CEO, Appcelerator
- Web 2.0 News and Wrapping Up "Real-World AJAX" Seminar
- Passing Parameters to Flex That Works
- i-Technology Viewpoint: It's Time to Take the Quotation Marks Off "Web 2.0"
























