Genpact announces SolPro™ procurement solution at SAP SAPPHIRE 2007

NEW YORK--(BUSINESS WIRE)--Genpact, a global provider of high-quality business services and technology solutions, today announced the release of its SolPro™ procurement solution that will help Global 2000 businesses significantly reduce costs and risks by optimizing sourcing, procurement and payable processes.

Genpact’s Procure-to-Pay Solutions (SolPro) on SAP platform is a suite of indirect procurement tools, based on SAP® SRM, that offers an integrated, end-to-end service that can quickly and effectively address a number of pain points facing global corporations, such as inadequate controllership, limited buy consolidation, poor spend visibility, process variability and contract leakage. “SolPro gives customers a roadmap to optimize procure-to-pay processes by right-sourcing across ITO, BPO and high-end spend-management services,” said Manish Soman, senior vice president, Genpact Software Solutions. Genpact currently supports and manages procure-to-pay processes for some of the world’s largest companies including GE.

Genpact’s spend assessment and solution identification service quickly identifies procure-to-pay quick hits. Then Genpact structures and delivers a strategic roadmap integrating the procure-to-pay platform, BPO services, advanced analytics as well as risk assessment, and transaction and application support. By combining these steps, SolPro enables procure-to-pay right-sourcing, allowing customers the opportunity to outsource low-end transactions and high-end skill sets while retaining strategic capability and negotiation knowledge to build an enterprise-wide sourcing and procurement knowledge base.

“We help our customers drive process optimization through a deep understanding of their business environment and the expertise of our people, processes and technology,” Soman says. “SolPro offers our customers the opportunity to implement value-based outsourcing of procure-to-pay processes while minimizing the risks associated with change management, allowing them to focus on core competencies and achieve re-engineered procure-to-pay processes built on best-in-class practices,” he said.

Genpact’s SAP practice offers end-to-end SAP solutions to global customers ranging from strategic services, global program management, and enterprise solutions deployments, including implementations, rollouts, and upgrades. More than 2,000 Genpact ERP and IT Services specialists support global clients from offices in the United States, Europe and Asia-Pacific.

About Genpact

Genpact operates a wide range of business processes to help global enterprises improve their revenue, margins, speed, and customer relationships. Principally owned by GE, General Atlantic, and Oak Hill Capital Partners, Genpact has more than 27,000 highly skilled associates who provide services in areas such as finance & accounting, sales & marketing analytics, customer service, financial services collections & operations, supply chain & procurement services, aftermarket services, and enterprise application and IT infrastructure services. Customers are served in many industries including banking & finance, insurance, manufacturing, pharmaceutical, transportation, automotive, and business services. With a direct sales network spanning Europe, North America and Asia, Genpact has operations centers across India as well as in China, Hungary, Romania, the Netherlands, Spain, Philippines, Mexico and the United States. For more info: www.genpact.com.