Fourth consecutive year of recognition
highlights Genpact's expertise in sourcing and procurement, strong
partner ecosystem, and advanced technology capabilities driving
transformation for clients worldwide
NEW
YORK, Nov. 20, 2024 /PRNewswire/ -- Genpact
(NYSE: G), a global professional services and solutions firm
delivering outcomes that shape the future, today announced that it
has been named a Leader for the fourth consecutive year in the 2024
Everest Group Procurement Outsourcing (PO) Services PEAK Matrix®
Assessment. This recognition underscores Genpact's excellence in
source-to-pay (S2P) services, as well as its innovation in advanced
technologies including generative AI, and its partnerships with
leading technology providers which together create competitive
advantages for global enterprises.
Genpact earns recognition for helping
clients transform procurement with technology and data analytics at
the core.
"Transforming procurement with technology and data analytics at
the core is essential for helping our clients maximize spend under
management, reduce supply chain risk, and improve both supplier
relationships and user experiences," said Steve Simko, Global Procurement Service Line
Leader, Genpact. "We continue to develop our gen AI
capabilities and enhance our S2P service offerings knowing that
deep domain expertise, advanced technologies, and dynamic talent
are critical to serving clients across industries and
geographies."
Everest Group evaluated 24 global PO service providers through
its rigorous RFI process, client references, and market analyses.
Amongst these, 22 providers were also assessed for their
Source-to-Contract (S2C) capabilities, with Genpact recognized as a
Leader in the 2024 S2C Services PEAK Matrix® Assessment. Leaders
are distinguished by their superior technology capabilities,
innovative engagement models, ongoing investment in sourcing and
procurement capabilities, and operational scale to meet diverse
client needs.
"Genpact offers end-to-end procurement services through its
Center of Excellence-led capabilities in sourcing, category
management, and integrated procure-to-pay (P2P) models," said
Shirley Hung, Partner, Everest
Group. "Supported by advisory capabilities, a strong digital
ecosystem, and focus on user experience, Genpact is a Leader in
Everest Group's 2024 Procurement Outsourcing PEAK Matrix®
Assessment."
Genpact's PO package of services offers comprehensive solutions
for sourcing and category management, integrated P2P, and advisory
services. Its Leader ranking reflects its ability to:
- Provide deep domain expertise, advanced technologies, and
consulting capabilities for end-to-end procurement services and
digitalization
- Offer a strong digital ecosystem of best-of-breed
procurement solutions and enabling technologies through
third-party partnerships, including niche providers, beyond its
in-house tools
- Enhance the user experience by offering a unified
front-end solution across S2P processes.
Genpact continues to enhance its integrated P2P offerings with
methodologies such as digital smart enterprise processes and
transformation maturity models, as well as solutions for planning,
master data management, and vendor onboarding. The company also
continues to expand its delivery presence with centers for P2P
support across the US, Bulgaria,
and the Philippines.
"Genpact has also invested in integrating generative AI and
automation across S2P processes such as supplier discovery,
contract management, and P2P helpdesk," continued Hung. "In
addition, it offers procurement-as-a-service to clients for a
centralized procurement experience in partnership with
ServiceNow."
For more information on Genpact's sourcing and procurement
services, visit:
https://www.genpact.com/services/sourcing-and-procurement.
Disclaimer
Licensed extracts taken from Everest Group's PEAK Matrix®
Reports, may be used by licensed third parties for use in their own
marketing and promotional activities and collateral. Selected
extracts from Everest Group's PEAK Matrix® reports do not
necessarily provide the full context of our research and analysis.
All research and analysis conducted by Everest Group's analysts and
included in Everest Group's PEAK Matrix® reports is independent and
no organization has paid a fee to be featured or to influence their
ranking. To access the complete research and to learn more about
our methodology, please visit Everest Group PEAK Matrix®
Reports.
About Everest Group
Everest Group is a leading global research firm helping business
leaders make confident decisions. Everest Group's PEAK
Matrix® assessments provide the analysis and insights enterprises
need to make critical selection decisions about global services
providers, locations, and products and solutions within various
market segments. Likewise, providers of these services, products,
and solutions, look to the PEAK Matrix® to gauge and calibrate
their offerings against others in the industry or market. Find
further details and in-depth content at www.everestgrp.com.
About Genpact
Genpact (NYSE: G) is a global professional services and
solutions firm delivering outcomes that shape the future. Our
125,000+ people across 30+ countries are driven by our innate
curiosity, entrepreneurial agility, and desire to create lasting
value for clients. Powered by our purpose – the relentless pursuit
of a world that works better for people – we serve and transform
leading enterprises, including the Fortune Global 500, with our
deep business and industry knowledge, digital operations services,
and expertise in data, technology, and AI.
Get to know us at genpact.com and
on LinkedIn, X, YouTube,
and Facebook.
MEDIA CONTACT:
Geraldine Lim
Genpact Media
Relations
+1-951-318-3494
geraldine.lim@genpact.com
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SOURCE Genpact