Wednesday, Jun 23, 2021
International Finance
Company Finance

Genpact signs digital transformation agreement with Mondelez International

Genpact, Mondelez International, accounting, digital transformation, retail accounting,
Genpact, a global professional services firm focused on delivering digital transformation has signed a new multi-year agreement with Mondelēz International

Genpact, a global professional services firm focused on delivering digital transformation has signed a new multi-year agreement with Mondelēz International

The expanded engagement allows the two companies to continue to co-innovate and drive faster, smarter insights from finance data. Genpact supports Mondelēz International’s global finance operations in 75 countries, delivering simplified and standardised operations across more than 150 finance and accounting processes. Over the last three years, Genpact has helped Mondelēz International centralise its finance and accounting delivery model from a dispersed, country-based structure into six efficient, productive global centres. Robotic process automation, dynamic workflow, mobility, and other digital technologies have automated and streamlined operations to drive more strategic business decisions and speed time-to-market.

“This new agreement underscores Genpact’s success in helping us fast-track our finance transformation, harnessing the power of digital technology and deep process expertise to reimagine our operations and drive competitive growth,” said Brian Gladden, executive vice president and chief financial officer, Mondelēz International. “Genpact’s global reach, and deep understanding of both finance operations and our industry, makes it the strategic partner we need as we build the best snacking company in the world.”

Mondelēz International can achieve value-added insights faster than ever before through easy access to accurate, actionable data. The finance organisation has significantly improved the time-to-close cycle; every month and quarter close has trended better than the previous one. Mondelēz International is investing the savings unlocked through simplified, more efficient operations into innovation and special projects to drive revenue. The new contract with Genpact will extend transformation benefits across other parts of Mondelēz International’s shared services organisation.

“Driving agility and improving margins are table stakes in the competitive snacking industry to meet evolving consumer trends. To succeed, companies need to reimagine how to unlock areas for growth,” said Balkrishan ‘BK’ Kalra, business leader, Consumer Packaged Goods, Genpact. “Our co-innovation with Mondelēz International will continue to create new ways to drive profitability, including leveraging advanced technologies like artificial intelligence. Our deep domain expertise, combined with products and services powered by our Genpact Cora platform, deliver significant value to support Mondelēz International’s growth strategy.”

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