Kimberly-Clark Outsources Accounting Positions To India's Genpact - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
IT Leadership // IT Strategy

Kimberly-Clark Outsources Accounting Positions To India's Genpact

The move is part of a major cost reduction initiative that the papermaker outlined in 2005.

Pulp and paper company Kimberly-Clark is outsourcing a number of finance and accounting operations to Genpact, an India-based service provider formerly owned by GE.

Under the deal, financial terms of which weren't disclosed, Genpact will handle "non-core" finance and accounting functions for Kimberly-Clark, according to a statement issued Monday by Genpact. The move is part of a major cost reduction initiative that the papermaker outlined in 2005.

Through the deal, Kimberly-Clark will realize "substantial bottom line savings," said Genpact CEO Pramod Bhasin, in a statement. A spokesman for Genpact said he was unable to say how many jobs would move from Kimberly-Clark, which has operations throughout the U.S., to Genpact.

Genpact, formerly GECIS, was spun off from GE in November 2004. Since then, the company has more than doubled its staff size -- which now stands at about 26,000 workers. Finance and accounting is Genpact's largest practice area, with about 5,700 staffers in the field.

In addition to continuing to serve GE, Genpact's customer list has grown to include Genworth Financial, Nissan, Penske, and Wachovia.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
News
The State of Chatbots: Pandemic Edition
Jessica Davis, Senior Editor, Enterprise Apps,  9/10/2020
Commentary
Deloitte on Cloud, the Edge, and Enterprise Expectations
Joao-Pierre S. Ruth, Senior Writer,  9/14/2020
Slideshows
Data Science: How the Pandemic Has Affected 10 Popular Jobs
Cynthia Harvey, Freelance Journalist, InformationWeek,  9/9/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
IT Automation Transforms Network Management
In this special report we will examine the layers of automation and orchestration in IT operations, and how they can provide high availability and greater scale for modern applications and business demands.
Slideshows
Flash Poll