Genpact, a professional IT company that aims to deliver digital services, has recently partnered with Deloitte, prominent auditing, consulting, tax, and advisory firm. OneSource Virtual, a leading provider of business process services and automated solutions, launched GenOneTM, a finance-as-a-service (FaaS) solution that reincarnates finance operations, helping companies enhance their competitive prosperity.
“Working with Genpact and Deloitte has allowed us to use our unique technology and expertise in Workday to accelerate an organization’s finance transformation,” said Trey Campbell, CEO, OneSource Virtual.
GenOne is the first FaaS solution to be built on Management system of Workday. It offers a flexible business plan and allows companies to scale and handle their operations of finance. The expertise of Workday and GenOne is strongly positioned to help CFOs and other finance associates to enhance agility, capital management, and financial planning to strategically align with their business goals, working with in-house business stakeholders.
Workday Financial Management offers organizations on real-time business analytics, along with the speed and management levels needed to cater to the dynamic needs of the business environment today.
“GenOne delivers unique cost advantages, output-based pricing, and flexible contracting. Traditional managed services providers will be hard-pressed to compete with FaaS solutions like GenOne,” said Alison Close, research manager, digital business operations and analytics services, IDC, an industry analyst leader.
GenOne rests on major Workday advantages to enable clients instantly gain an exhaustive overview of the health of their business operations, as well as the time period of the closed cycle, to enhance internal processes and consistency of the cross-border operations. It also leverages the digital platform, Genpact Cora, that is powered by advanced and sophisticated technologies like artificial intelligence, robotic process automation, machine learning as well as the dynamic workflow.
“As companies continue to pursue multiple financial transformation journeys, they’re feeling tremendous pressure to produce quick returns. GenOne allows CFOs to be quickly at the forefront of continuous digital innovation and run their finance operations with agility and flexibility,” said Katie Stein, chief strategy officer, and global business leader, Enterprise Services, Genpact.
GenOne unifies Genpact’s high-end financial and accounting knowledge and Deloitte’s rich experience with Workday services.
“Today’s digital economy demands that finance organizations provide value faster, more efficiently, and with greater insights. GenOne will create more opportunities for our clients to radically simplify their financial processes, free up people for more strategic activities, and upgrade their aging legacy technologies,” said Matt Schwenderman, principal, Deloitte Consulting, and U.S. leader of its Workday Financial Management practice.
“Bringing together the experiences and capabilities of Genpact, OneSource Virtual, and Deloitte to solve some of CFOs’ most pressing challenges in an innovative way is truly exciting.”
GenOne also brings together the Workday integration technology that is patented and designed to enable finance teams to monitor and assess data instantly, with, contextual and relevant financial analytics. They are focused on enabling full proof of strategic decisions rather than spending time to gather data.