Genpact and Ariba Expand Alliance to Deliver Procure-to-pay Solution
Genpact, a business process and technology management company, and Ariba, a business commerce network, 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-sized to large enterprises to improve their visibility into the procurement process and drive greater cost savings.
This collaboration brings to market a powerful services and technology offering that allows enterprises to fully realise the potential of the source-to-pay cycle. Using Genpact’s Smart Enterprise Process (SEPSM) methodology, in conjunction with the Ariba’s cloud-based collaborative commerce applications, will give companies access to industry-leading technologies, standardised practices and strong global relationships. Genpact will leverage its global delivery network to support 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.
“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 (SVP), 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.”