Genpact expands in Germany


In response to market demand for AI-powered business process optimization, the global leader in professional services is expanding locally to serve clients in key industries

MUNICH, June 30, 2021 / PRNewswire / – Genpact (NYSE: G), a global professional services company focused on digital transformation, further expands operations into Germany to meet customer demand for a range of process-driven transformation service solutions for supply chain management, finance and accounting, purchasing and analytics in key industries, including high technology, retail, consumer goods, life sciences and industrial manufacturing.

New Genpact logo – September 2017 (PRNewsfoto / Genpact)

“German companies across all industries are looking for a trusted partner to help them drive the digital transformation to gain agility and efficiency enabling them to respond quickly to market disruptions and increasing levels of complexity, and we believe we are perfectly positioned to be this partner ”mentioned Tiger Tyagarajan, Managing Director, Genpact. “I am particularly delighted that Genpact is developing in a market with such a highly skilled workforce. The culture of Genpact places great importance on intellectual curiosity and agile thinking, which makes the German workforce a good choice.

Today’s announcement builds on Genpact’s continued strategy of continuously assessing and expanding its global footprint and offerings to meet the digital transformation needs of customers in key markets around the world. .

“The German market offers great potential for professional service providers, as companies spend $ 45US $ 55 billion on digital transformation, technology and technology-based services, ”said Peter Bendor-Samuel, Chairman and CEO, Everest Group.

COVID-19 contributed to a 4.8% drop in germany GDP at a time when the country lagged behind many Organization for Economic Co-operation and Development countries in the use of digital technologies and services. Digital solutions that help businesses optimize their front-end, middle-end and back-end processes will contribute to faster recovery through germany famous Mittelstand and among the large multinational companies present in this market.

“With investments in digital transformation that are expected to exceed $ 9.0T by 2025 and with a 14.9% CAGR growth over the same period, more and more companies are taking an enterprise-wide approach to their digital transformation strategies. What is surprising is that Germany, despite being the fourth largest economy (on a GDP basis), has just over 34% of companies taking an enterprise approach to digital transformation, compared to 53% globally, “said Shawn fitzgerald, Research Director, Global Digital Transformation Strategies, IDC. “Partnering with service companies that have expertise in digital transformation is an effective approach to achieve business digital transformation and sustainable competitive advantage. This is all the more true as services account for nearly 42% of investments in digital transformation for hardware, software and services. “

Driven by customer demand and market opportunities, Genpact strengthened its supply chain capacities in 2018 in Germany through its acquisition of Barkawi Management Consultants, a global provider of supply chain technology services, helping clients in this market better navigate the complexities of a rapidly changing landscape, resulting in significant transformative impact in their operations. Building on the success of this work, Genpact’s growth in Germany will further expand its expertise in supply chain management and provide clients with a full range of process-driven transformation services, including finance and accounting, purchasing and analytics, which are essential to drive transformation end-to-end necessary long-term competitive advantage.

“This is a critical time for the German market, where agile, digitally-led companies will drive the post-COVID recovery for this market. We’re excited to help German customers rethink business processes that focus on increasing productivity and driving growth. Said the former CEO of GE Germany and Austria, Teacher. Dr. Stephane Reimelt, Senior Executive Advisor for Genpact. “With our combined expertise in business processes and digital innovation, Genpact has the right mix of skills and technologies to accelerate their digital transformations.”

For more information on Genpact in Germany please visit: https://www.genpact.com/de/.

About Genpact

Genpact (NYSE: G) is a global professional services company driving business transformation. Guided by our goal – the relentless pursuit of a world that works better for people – we drive digital innovation and smart digitally enabled operations for our customers. Guided by our experience in reinventing and executing thousands of processes for hundreds of clients, many of whom are Global Fortune 500 companies, we are driving real-world transformation at scale. We think with design, dream digitally, and solve problems with data and analytics. By combining our expertise in end-to-end operations and our AI-powered platform, Genpact Cora, we focus on the details – all 90,000+ of us. Of new York at New Delhi, and over 30 countries in between, we connect every point, reinvent every process and reinvent the way businesses operate. We know that reinventing every step from start to finish creates better business results. Either way, we’ll be there with you – accelerating digital transformation to create bold, lasting results – because transformation happens here. Get to know us on Genpact.com and on LinkedIn, Twitter, Youtube, and Facebook.

Safe harbor

This press release contains certain statements regarding Genpact’s future expectations, plans and prospects that constitute forward-looking statements, as defined in the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. In certain cases, you can identify these statements by – terms such as “expect”, “anticipate”, “intend”, “plan”, “believe”, “could”, “could”, “must”, “Should”, “will” and variations of such similar expressions, or the negative of such similar words or expressions. These statements are only predictions based on our current expectations and projections regarding future events. These statements involve a number of risks, uncertainties and other factors which include, but are not limited to, the risks detailed in our reports filed with the United States Securities and Exchange Commission, including the annual report. of Genpact on Form 10-K. These files are available on www.sec.gov. Although Genpact believes that these forward-looking statements are based on reasonable assumptions, you are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s current analysis of future events and should not be taken as representing management’s expectations or beliefs. from any date subsequent to the time they are made. Genpact makes no commitment to update any forward-looking statements that may be made from time to time by or on behalf of Genpact.

MEDIA CONTACTS:

Genpact
Michel schneider
+1 (217) 260-5041
[email protected]

Genpact in Germany
PIABO PR GmbH
Olivier Chudy
[email protected]

Cision

Cision

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SOURCE Genpact




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