Genpact Teams Up with Microsoft to Revolutionize Finance with AI

Genpact, a leader in finance and accounting services, has joined hands with Microsoft for a big project. They want to make finance better for businesses worldwide. How? By using data, technology, and AI (artificial intelligence) to bring in new ideas and ways of working.

They are combining Microsoft’s Azure OpenAI Service with Genpact’s expertise in finance to change how finance works. This move aims to make finance smarter, faster, and ready for the future. It means businesses can make decisions quicker with better data and AI support.

BK Kalra, the head of Genpact, believes this collaboration will take finance to new heights. He says they’re using AI to make finance more strategic and data-driven, helping businesses grow better and compete smarter.

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Already, Genpact is seeing good results using Microsoft’s AI tools to upgrade finance worldwide. This means businesses get faster insights and can make smarter finance plans.

Nicole Dezen from Microsoft is excited about this partnership. She thinks AI is changing finance by making it more efficient and innovative. Partnering with Genpact, they aim to help finance teams use data better for big changes in their businesses.

But Genpact isn’t just helping other businesses. They’re also using AI to upgrade their own finance work. By using data and AI tools, they’ve made big improvements in how they manage vendors, handle customer payments, and even deal with taxes.

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Last year, Genpact teamed up with Amazon Web Services (AWS) to fight financial crime using AI. This partnership, combining Genpact’s riskCanvas with Amazon Bedrock, is already helping clients be more efficient and safe in their finance operations.