Genpact and STADA Forge Stronger Bonds to Transform Finance

Genpact and STADA Strengthen Their Partnership

In a significant move to bolster finance operations, Genpact and STADA have officially renewed their multi-year partnership. This collaboration is set to leverage Genpact's exceptional expertise in data, technology, and artificial intelligence to support STADA's finance organization and enhance its competitive edge.

Elevating Finance Operations Through Innovation

Key Outcomes of the Partnership

With this renewed partnership, Genpact aims to enhance decision-making capabilities by providing STADA with actionable financial insights. The focus will be on automating crucial finance and accounting processes, streamlining workflows, and ensuring compliance with industry regulations. These advancements are designed to empower STADA to scale effectively and achieve excellence in its field.

Leadership Perspectives

Sanjiv Tandon, the Global Business Unit Leader for Life Sciences and Healthcare at Genpact, expressed enthusiasm about this partnership, stating, "This renewal exemplifies our leadership in finance and accounting services. We are committed to enhancing STADA's operational efficiency through our digital capabilities and industry expertise."

Continued Commitment to Excellence

Since 2019, Genpact and STADA have worked closely to harness automation and process harmonization. Technologies introduced, such as Genpact's advanced Cora APFlow system, are transforming STADA's operations by enhancing the accuracy of financial processes, increasing data transparency, and allowing their teams to focus on strategic business initiatives that drive growth.

Efficiency in Financial Processes

Boris Döbler, Group CFO of STADA, articulated the partnership's impact. He noted, "STADA's rapid growth and complex operations necessitate a scalable and efficient platform. Our collaboration with Genpact has facilitated the creation of automated processes, handling end-to-end tasks such as procure-to-pay and order-to-cash with impressive speed and cost-efficiency." This collaboration significantly enhances the quality of activities that internal teams can prioritize.

Leveraging Technology for Future Growth

The use of advanced technologies is pivotal in STADA's finance optimization journey. Genpact is aiding STADA in refining its finance and procurement processes, from supplier invoicing to comprehensive financial reporting. By utilizing tools like S4HANA alongside generative AI, the partnership is set to continue driving innovation and operational excellence.

Engaging with Genpact's Expertise

For those interested in exploring Genpact's offerings, particularly in the life sciences and healthcare sectors, a wealth of resources is available to understand how their services can provide transformative impacts for enterprises looking to enhance their operations.

About Genpact

Genpact (NYSE: G) stands as a leader in professional services and solutions, establishing strong foundations for businesses worldwide. With a diverse team of over 125,000 professionals across more than 30 countries, Genpact is driven by a deep commitment to innovation and excellence. The company's mission is to actively pursue advancements that create a better future for their clients and the industries they serve.

Frequently Asked Questions

What is the nature of the renewed partnership between Genpact and STADA?

The renewed partnership focuses on enhancing STADA's finance operations through innovative technology, automation, and data-driven insights.

How has Genpact contributed to STADA's operational efficiency?

Genpact has implemented advanced technology solutions, like Cora APFlow, to streamline finance processes and enhance data accuracy.

What are some expected outcomes of the partnership?

The partnership aims to deliver improved decision-making, cost-effective processes, and compliance support for STADA's operations.

Who has expressed support for this collaboration?

Key leaders, including Sanjiv Tandon from Genpact and Boris Döbler from STADA, have highlighted the strategic advantages of this partnership.

How can one learn more about Genpact’s services?

Interested parties can find extensive information about Genpact's services, particularly in healthcare and life sciences, through their website.

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