Genpact and Advantage Solutions to Expand Collaboration to Boost Finance and Supply Chain Efficiencies for CPG and Retail Sectors

Core Insights - Genpact is expanding its strategic alliance with Advantage Solutions to tackle finance and supply chain challenges in the consumer packaged goods (CPG) and retail sectors [1][2] Group 1: Collaboration Details - The collaboration aims to address inefficiencies in order-to-cash and supply chain management, including deductions leakage and manual customer service operations [2][3] - The companies plan to introduce new solutions to meet evolving needs in the CPG and retail sectors, enhancing operational efficiencies [2][4] Group 2: Financial Impact - Leakage in the deductions process can result in 7% to 10% of lost revenue, which Genpact aims to recover using advanced analytics and AI [3] - The partnership is expected to deliver significant financial gains for clients by preventing losses and enhancing productivity through automation technologies [3][4] Group 3: Technological Integration - The planned solution for supply chain management will include a SaaS-based platform to digitize order management and trade promotions deductions, improving speed and accuracy [4] - The collaboration will leverage data, analytics, and digital offerings to provide cost efficiencies and growth opportunities for clients [4]