Genpact and Ariba Expand Alliance to Deliver Procure-to-Pay Solution
Combination of Genpact's Sourcing and Procurement Process Expertise and Ariba's Cloud-Based Applications Helps Companies to Improve Visibility of Procurement Processes and Drive Greater Cost Savings
BARCELONA, May 29, 2012 – Genpact Limited (NYSE: G), a global leader in business process and technology management, and Ariba, Inc. (Nasdaq: ARBA), the world’s business commerce network, today announced that they have expanded their alliance beyond invoice solutions to encompass the full suite of Ariba’s cloud-based collaborative business commerce solutions into Genpact's source-to-pay offering. Genpact will combine Ariba’s solutions with its comprehensive service offerings to create a new turnkey offering that will enable medium to large enterprises to improve their visibility into the procurement process and drive greater cost savings. The news came during Ariba LIVE Barcelona, the business commerce event of the year.
This collaboration brings to market a powerful services and technology offering that allows enterprises to fully realize the potential of the source-to-pay cycle. Utilizing Genpact’s unique Smart Enterprise Process (SEPSM) methodology, in conjunction with the Ariba’s cloud-based collaborative commerce applications, will give companies access to industry-leading technologies, standardized practices and strong global relationships. Genpact will leverage its global delivery network to support strategic, transactional and operational source-to-pay processes for companies in multiple industries including life sciences, banking and financial services, consumer product goods (CPG), and manufacturing.
The joint solution will provide clients with access to all aspects of the Ariba Collaborative Commerce Platform including:
- Cloud-based applications for spend analytics, eProcurement, eSourcing, supplier performance management, contract management, working capital management and eInvoicing;
- A community of partners through which they can quickly discover, qualify, connect, and collaborate with trading partners; and
- Capabilities in the form of best practices, community-derived intelligence and other unique features or services that are only available to members of the community, such as unique analytics, preferred financing, and ratings.
“Genpact is excited to expand our alliance with Ariba, as this significantly enhanced offering combines the full range of Ariba’s collaborative commerce solutions with Genpact’s procurement services led by our SEP framework for making business processes much more effective,” said Shantanu Ghosh, senior vice president, Practices, Solutions and Transitions, Genpact. “Our offering not only rapidly reduces the total sourcing and procurement costs, but enables companies to have a high level of visibility and control of their sourcing and procurement process. The combination of these smart processes and smart technologies will result in substantially better business outcomes.”
“Social networks have revolutionized our personal lives, and the technologies underlying them are now helping to transform business,” said Jon Stevens, senior vice president of Global Channels and Alliances, Ariba. “As partners like Genpact recognize, the Ariba Network is an ideal platform through which companies can discover, connect and collaborate with their trading partners and drive process improvements that positively impact their performance and bottom line.”
Genpact employs its unique SEPSM methodology to implement best-in-class practices across sourcing and procurement organizations for both direct and indirect materials. SEPSM is driven by Lean and Six Sigma-based reengineering, analytics, domain expertise, and smart technology execution and delivers 2-5 times higher impact on key business outcomes like reduction in total cost of ownership (TCO), working capital optimization, and availability of material and services. SEPSM provides clear linkages between performance measures, drivers and business outcomes, as well as a clear roadmap for improvements.
Ariba combines industry-leading cloud-based applications with the world's largest web-based trading community to help companies discover and collaborate with a global network of partners. Using the Ariba® Network, businesses of all sizes can connect to their trading partners anywhere, at any time from any application or device to buy, sell and manage their cash more efficiently and effectively than ever before. Companies around the world use the Ariba Network to simplify inter-enterprise commerce and enhance the results that they deliver.
Genpact Limited (NYSE: G), a global leader in business process and technology management 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 56,000+ professionals around the globe deliver services to its more than 600 clients from a network of 64 delivery centers across 17 countries supporting more than 30 languages. For more information, visit www.genpact.com. Follow Genpact on Twitter, Facebook and LinkedIn.