Genpact Limited Stock Price, News & Analysis

Genpact (NYSE: G) has partnered with Volkswagen Financial Services (VWFS) to enhance customer and employee experience in automotive finance. The collaboration focuses on leveraging AI-powered solutions to streamline processes and build competitive differentiation. Genpact will deploy its Cora Knowledge Assist, a gen-AI powered multilingual tool for faster customer query resolution, and Cora Nudge Coach, an AI-driven tool for personalized agent feedback.

In the coming months, Genpact plans to expand digital and data innovation across VWFS operations, implementing new gen AI solutions in areas such as intelligent document processing, training simulations, customer sentiment analysis, and compliance controls. These initiatives aim to enhance employee performance, reduce paperwork processing times, and improve overall customer experience for VWFS.

Genpact (NYSE: G) has appointed Nicholas "Nick" Gangestad to its Board of Directors, effective August 12th, 2024. Gangestad, currently the Senior Vice President and Chief Financial Officer at Rockwell Automation, will serve on Genpact's Board's Audit Committee. With over 30 years of finance and business expertise, Gangestad brings valuable insights to Genpact's board, particularly in finance and financial operations. Prior to his role at Rockwell Automation, he served as the Chief Financial Officer at 3M. Genpact's Chairman, Jim Madden, and President and CEO, Balkrishan "BK" Kalra, expressed enthusiasm about Gangestad's appointment, highlighting his expertise in finance and its potential to enhance the company's capabilities in serving clients.

Genpact (NYSE: G) and Advantage Solutions (NASDAQ: ADV) plan to expand their strategic alliance to address finance and supply chain challenges in the CPG and retail sectors. The collaboration aims to tackle order-to-cash and supply chain management inefficiencies, including deductions leakage, invalid claims recovery, manual customer service operations, and inefficient supply chain planning, logistics, and fulfillment.

Key highlights:

• Genpact's data, technology, and AI solutions combined with Advantage Solutions' expertise in client management and retail connectivity
• Focus on recovering revenue leakage using advanced analytics and AI
• Planned SaaS-based platform to digitize order management and trade promotions deductions
• Potential to address 7% to 10% lost revenue due to deductions process inefficiencies
• Emphasis on enhancing operational efficiencies and competitive advantage for joint clients

Genpact (NYSE: G), a global professional services firm, has been named to the Forbes list of America's Best Employers for Women 2024. This recognition underscores Genpact's commitment to diversity, equity, and inclusion (DEI). The company emphasizes gender balance and supports women through initiatives such as the Women's Leadership Program and scholarships for young girls in India. In 2023, women made up 42% of Genpact's global workforce and 50% of its board, with representation on its leadership council increasing to 47% from 29% in 2022. This award is based on a survey by Forbes and Statista, involving over 150,000 women who rated employers on various DEI metrics. Heather White, Chief Legal Officer, highlighted Genpact's dedication to creating an inclusive work environment.

Genpact (NYSE: G) has been recognized as a Leader in the Everest Group Life Sciences Regulatory and Medical Affairs Operations PEAK Matrix® assessment for 2024. This ranking highlights Genpact's outstanding global delivery and AI capabilities, including advanced digital solutions across the regulatory and medical affairs value chain.

Key factors contributing to Genpact's leadership position include:

• Comprehensive suite of digital solutions
• Strategic partnerships with companies like AWS and Veeva
• Cutting-edge AI capabilities, such as Health Agency Q&A and Marketing Authorization Supply Transfer
• Strong presence in the medical technology space
• Expertise in key opinion leader engagement and medical science liaison support

The recognition underscores Genpact's commitment to delivering innovative AI solutions supported by deep industry expertise to clients worldwide in the complex global regulatory environment.

Genpact (NYSE: G) has been supporting embecta (Nasdaq: EMBC), a global diabetes care company, in its spin-off from Becton Dickinson and Company (BD) and its evolution as an independent leader in the diabetes technology market. Genpact's expertise in life sciences, healthcare, data, technology, and AI has enabled them to provide tailored solutions for embecta's needs.

The partnership has focused on modernizing embecta's operations, including implementing a robust ERP system, launching a standardized global operating model, and establishing end-to-end HR, finance, and procurement processes. This support has ensured uninterrupted customer service and supply chain stability, allowing embecta to continue providing insulin injection devices to 30 million people in over 100 countries.

Genpact (NYSE: G) and Reworld™ have announced a strategic partnership to drive sustainability and efficiency. Key points include:

• Reworld™ will utilize Genpact's data, technology, and expertise to optimize finance, procurement, and IT functions
• Genpact joins Reworld™'s ReCredit program, supporting net-zero goals with sustainable carbon offsets
• The partnership aims to modernize legacy systems, reduce operational costs, and improve customer experiences
• Genpact offers sustainability services, including ESG assessment and carbon counting
• Reworld™ provides solutions like ReDirect360™, ReKiln™, ReDrop™, and ReMove for waste management and sustainability

This collaboration demonstrates how sustainability and optimization can work together to achieve shared goals in the waste management industry.

Genpact (NYSE: G), a global professional services firm, has announced a quarterly cash dividend of $0.1525 per share for Q3 2024. This dividend will be paid on September 25, 2024, to shareholders on record as of September 11, 2024. Future dividends are subject to the board of directors' discretion.

Genpact (NYSE: G) will release its second quarter 2024 financial results on August 8, 2024, after U.S. markets close. The company's management will host a conference call to discuss the performance at 5:00 p.m. ET. Interested participants can register to receive a dial-in number and unique PIN for access. A live webcast will be available on Genpact's Investor Relations website, with a replay and transcript accessible post-call.