Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation, and HighRadius, an enterprise SaaS (Software-as-a-service) fintech company, today announced a strategic partnership that will provide improvements to enterprise accounts receivable and brin g together digital automation solutions powered by advanced machine learning and artificial intelligence.
“Many enterprises today have been unable to streamline their receivable processes, negatively impacting business operations and profitability,” said Katie Stein, Genpact’s chief strategy officer. “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.
“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,” said Sayid Shabeer, chief product officer of HighRadius. “This partnership will fundamentally shift accounting departments away from legacy models and toward a turnkey solution that is future-proof, scalable, and flexible.”
Sashi Narahari, founder and chief executive officer, HighRadius, and Tiger Tyagarajan, chief executive officer, Genpact will participate in a fireside chat focused on “The Past, Present, and Future of the Office of Digital CFO” on Wednesday, February 5, 2020 at Radiance 2020 – the Order to Cash and Treasury Unconference, at the AT&T Stadium in Dallas, TX.