Genpact Introduces Finance Data Hub on Databricks to Transform Financial Data Management

Rhea-AI Summary

Genpact (NYSE: G) has introduced its new Finance Data Hub, powered by the Databricks Data Intelligence Platform. This AI-driven solution aims to provide CFOs and finance teams with faster access to accurate data, enhancing decision-making and operational efficiency. The Finance Data Hub addresses data challenges by consolidating structured and unstructured data from various operations into a central platform.

Built on Databricks' lakehouse foundation, the solution offers clean, reliable data in near-real-time, enabling advanced analytics and AI-driven insights. It features robust governance and simplified compliance, empowering CFOs to adapt quickly to market changes while managing spend, cash flow, and profitability. This collaboration between Genpact and Databricks represents a significant step in helping finance professionals leverage AI and machine learning to optimize performance and enhance forecasting.

Positive

• Introduction of AI-powered Finance Data Hub for improved financial data management
• Partnership with Databricks to provide advanced data analytics capabilities
• Consolidation of structured and unstructured data into a unified platform
• Near-real-time access to clean, reliable data for finance teams
• Enhanced governance and simplified compliance features

Negative

• None.

AI-driven solutions enable CFOs and finance teams to access reliable data faster, enhancing decision-making and operational efficiency

NEW YORK, Oct. 21, 2024 /PRNewswire/ -- Genpact (NYSE: G), a global professional services and solutions firm delivering outcomes that shape the future, today introduced its new Finance Data Hub, powered by the Databricks Data Intelligence Platform. This AI-powered solution provides Chief Financial Officers (CFOs) and their teams with quicker access to accurate data, which improves decision-making and boosts operational efficiency.

To learn more about how to leverage the Genpact Finance Data Hub, click here.

"Finance leaders are often limited by fragmented data as they strive to deliver actionable insights," said Riju Vashisht, Chief Growth Officer, Genpact. "Our Finance Data Hub unifies financial information, improving data quality, trust, and auditability, so teams can prioritize strategic decision-making. By collaborating with industry-leading partners, such as Databricks, we can help businesses realize the true value of their data with advanced technologies, deep industry knowledge, and global talent."

Finance Data Hub solves data challenges by consolidating structured and unstructured data, such as contracts across operations, supply chain, financial planning, tax, and treasury into one central platform. This unified platform, built on the Databricks lakehouse foundation of open data formats and open lakehouse architecture provides finance teams with clean, reliable data in near-real-time, enabling advanced analytics and AI-driven insights for faster, more informed decision-making. With robust governance and simplified compliance, the solution enhances productivity and empowers CFOs to adapt swiftly to market changes, while managing spend, cash flow, and profitability.

"As businesses increasingly look to harness the power of data intelligence, having clean, accurate, and accessible data is crucial to building AI systems," said Barry Dauber, Vice President of GenAI GTM, Databricks. "Our partnership with Genpact enables finance professionals to leverage AI and machine learning, optimizing performance, enhancing forecasting, and helping stay compliant with evolving regulations." 

With over 20 years of experience, Genpact is a trusted partner for global enterprises, offering end-to-end finance and accounting (F&A) solutions that optimize operations, enhance compliance, and support strategic decision-making. From transactional processing to advanced analytics and AI-driven insights, Genpact helps CFOs and finance teams unlock the full potential of their financial data.

The Finance Data Hub, built on the Databricks Data Intelligence Platform, is the latest example of Genpact's commitment to innovation, helping finance leaders transform their operations and stay ahead in a rapidly changing business environment.

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 CONTACTS:

Sue Martenson
Genpact Media Relations
+1 978 905 9582
susan.martenson@genpact.com

 

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SOURCE Genpact Ltd.

FAQ

What is Genpact's new Finance Data Hub and how does it benefit CFOs?

Genpact's Finance Data Hub is an AI-powered solution built on the Databricks Data Intelligence Platform. It provides CFOs and finance teams with faster access to accurate data, improving decision-making and operational efficiency by consolidating financial information from various operations into a central platform.

How does the Finance Data Hub address data challenges for finance teams?

The Finance Data Hub consolidates structured and unstructured data from operations, supply chain, financial planning, tax, and treasury into one central platform. This unified approach provides finance teams with clean, reliable data in near-real-time, enabling advanced analytics and AI-driven insights for faster, more informed decision-making.

What are the key features of Genpact's Finance Data Hub?

Key features of Genpact's Finance Data Hub include consolidation of structured and unstructured data, near-real-time access to clean and reliable data, advanced analytics and AI-driven insights, robust governance, simplified compliance, and the ability to adapt quickly to market changes while managing spend, cash flow, and profitability.

How does the partnership between Genpact (NYSE: G) and Databricks benefit finance professionals?

The partnership enables finance professionals to leverage AI and machine learning through the Finance Data Hub. This collaboration optimizes performance, enhances forecasting capabilities, and helps finance teams stay compliant with evolving regulations by providing a powerful data intelligence platform.