Hitachi to outsource finance & accounting ops to Genpact


The US-based BPO services provider will take over the F&A operations to support Hitachi’s smart transformation strategy aimed at optimising and streamlining operations while ensuring continued global growth and innovation.

Genpact today said Japan-based diversified manufacturing conglomerate Hitachi has selected the outsourcing services provider to transform and outsource a number of its finance and accounting (F&A) operations. The US-based BPO services provider will take over the F&A operations to support Hitachi’s smart transformation strategy aimed at optimising and streamlining operations while ensuring continued global growth and innovation. Financial details of the deal was not disclosed.

“Genpact has been selected by diversified manufacturing leader Hitachi to transform and outsource a number of F&A operations to support Hitachi’s Smart Transformation strategy aimed at optimising and streamlining operations while ensuring continued global growth and innovation,” it said in a release. The partnership between Hitachi and Genpact also shows the value of Lean and Six Sigma principles, originated in Japan more than thirty years ago, implemented beyond the production floor and into business process services delivery ? a practice which Genpact pioneered for GE fifteen years ago, it added.

 

Genpact will increase its Japan footprint by assuming management of Finance Solution Business Division of Hitachi’s shared services unit, Hitachi Management Partner Corporation, including 170 employees, in addition to further investing in re-engineering and consulting capabilities in the market. Genpact has been operating in Japan since 2000, with 2,500 employees serving a number of major clients including Nissan and GE Japan, it said.

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