Genpact and STADA Renew Multi-Year Partnership to Enhance Finance Operations

Core Insights - Genpact and STADA have renewed their multi-year partnership to enhance STADA's finance operations, focusing on derisking, scaling, and simplifying processes to gain competitive advantages [1][2]. Group 1: Partnership Objectives - The partnership aims to leverage Genpact's data, technology, and AI expertise to improve STADA's decision-making with actionable finance data and automate key finance and accounting processes [2][3]. - Genpact's Cora APFlow technology has been implemented to enhance the accuracy of accounts payable and receivable, streamline data transparency, and allow STADA's teams to focus on strategic initiatives [2][3]. Group 2: Operational Efficiency - STADA's CFO highlighted that the partnership has enabled the creation of automated processes for end-to-end tasks like procure-to-pay and order-to-cash, improving efficiency and cost-effectiveness [3]. - The collaboration has optimized STADA's finance and procurement processes, from supplier invoicing to financial reporting, utilizing advanced technology and finance expertise [3]. Group 3: Future Technologies - The companies are also partnering to implement tools and technologies such as S4HANA and generative AI to further enhance operational capabilities [3].