Reducing reconciliation cycle time by 35% in less than six months with Systems of Engagement
Reducing reconciliation cycle time by 35% in less than six months with Systems of Engagement
4 PagesDESIGN • TRANSFORM • RUN Reducing reconciliation cycle time by 35% in less than six months with Systems of Engagement GEnERatin G conS umER financE impact Case Study client A leading consumer finance company Business need addressed • Reconciliation operations lacked end-to-end process and policy documentation, an escalation matrix, and organizational structure • The high volume of unreconciled accounts heightened the risk of revenue loss, reputational damage, and erosion of shareholder value • Record to report (R2R) processes were inefficient and lacked standardization Genpact solution Genpact deployed its Systems of Engagement TM Financial Controllership Suite to manage the end-to-end reconciliation processes Business impact Reduced reconciliation cycle time by 35% and
