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Genpact and Tradeshift partner to transform AP and Procurement Processes

Wednesday 30th October, 2019

Genpact and Tradeshift has announced a strategic partnership to help enterprises transform accounts payable and procurement processes and better leverage data for competitive growth.

The partnership combines Genpact’s Cora digital business platform and Tradeshift’s leading-edge business-to-business (B2B) network technology. By leveraging Genpact’s expertise with artificial intelligence, machine learning, robotic process automation, dynamic workflow, advanced analytics, and other digital technologies, and Tradeshift’s apps ecosystem organisations can accelerate digital transformation.

“Finance organisations often face challenges with P2P operations in viewing and analysing data quickly across disconnected supplier systems, limiting the added value they could provide to respond more effectively to market demands,” said Katie Stein, chief strategy officer and global business leader, Enterprise Services, Genpact. “The digital technology of our Genpact Cora platform, combined with Tradeshift’s sophisticated B2B network, creates a connected ecosystem that provides faster, smarter access to data to drive more strategic decisions.”

The Genpact and Tradeshift partnership allows companies to link their accounts payable and procurement operations to a global network of buyers and sellers. Enterprises can digitise supplier and trade processes and accelerate innovation with apps, which increases agility to adapt more easily to changing business conditions. 

“Genpact is a leader in finance and accounting, with decades of experience running operations for numerous global Fortune 500 companies. Its deep process and domain expertise, coupled with its strength in analytics and artificial intelligence, will enable Tradeshift to scale its services faster to jointly help our clients speed their digital transformation,” said Rinus Strydom, chief commercial officer, Tradeshift.