Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation, and HighRadius, the Artificial Intelligence-powered Order to Cash, Treasury Management and Record to Report software provider, today announced the expansion of their strategic alliance. To better serve clients, the duo will marry the Autonomous Software platform with Genpact’s global accounts receivables and digital process and delivery expertise to drive more impactful and measurable business outcomes. Together, the partners will develop long-term opportunities for innovation, digital transformation, and enhanced client deliverables.
The closer alignment will position HighRadius to focus on its next generation of Autonomous Software, while Genpact increasingly leads client project delivery of the end-to-end business process. Leveraging its ability to support HighRadius solutions, data configuration, technical integration, and reporting, Genpact will facilitate productive and tangible business outcomes for clients.
“Now more than ever, the finance function plays a vital role in leading businesses through crises, providing agility and insight that lead to greater resilience. To thrive, organizations must connect, predict and adapt at speed, placing data at their core and embracing digital technologies,” said Tiger Tyagarajan, CEO at Genpact. “Bringing our two companies together in an even deeper partnership will allow a new level of predictive intelligence that can derive meaningful insights and lead to impactful action for our clients.”
“If we paint the picture of the future of finance, and therefore the future of the CFO and the CFO organization, we think about the world of the CFO as one where technologies will basically allow them to make decisions every minute,” said Sashi Narahari, Founder and CEO at HighRadius. “Prediction is what the machine will do. Decision, judgment and experience are never going to go away from human beings. So, humans are going to spend more time than they do today on decisions and examining business outcomes. That’s where the HighRadius and Genpact partnership can make a big difference.”
HighRadius and Genpact will focus on the Order to Cash and Receivables cycle, setting the stage for results that streamline organizational efficiencies and put digital experts within clients’ companies in more favorable positions to evolve the business.