According to the news on CNN Money, Genpact and ICG Commerce have joined forces to offer Source-to-Pay Solution.
Genpact, which manages business processes around the world, and ICG Commerce, a leading procurement outsourcing specialist, have collaborated to offer an unmatched “Source-to-Pay” outsourcing solution. The solution combines superior sourcing capabilities, spend analytics and ongoing category management with procurement and accounts payable capabilities to maximize business impact.
Source-to-Pay outsourcing offers companies a significant savings opportunity by reducing indirect spend which can be a significant portion of total company expenditures, while also delivering considerable process efficiencies. However, realizing this potential value requires the combination of two distinct competencies: deep sourcing and supplier market expertise and global purchase-to-pay process management.
Genpact has been known for its Six Sigma-based process reengineering capabilities and operational excellence. While, ICG Commerce brings its global sourcing and category expertise and proven track record of helping clients achieve measurable savings on spend.
In other words, both companies are big on reducing costs and maintaining quality in their operations. To bring cost reduction and Six Sigma into the outsourcing industry is one effective business sense.
