Unlocking STADA's Finance Transformation: Genpact's Expertise Drives Competitive Edge

In a strategic move to future-proof its finance operations, STADA, a leading manufacturer of consumer healthcare, generic, and specialty pharma medicines, has renewed its multi-year partnership with Genpact, a global professional services and solutions firm. This renewed collaboration aims to further derisk, scale, and simplify STADA's finance functions, ultimately enabling the company to gain a competitive advantage in its industry.

Empowering STADA's Finance Transformation with Genpact's Proven Expertise

Enhancing Critical Finance Operations with Automation and Process Harmonization

Since 2019, Genpact's partnership with STADA has focused on leveraging automation and process harmonization to enhance critical finance operations. By implementing technologies such as Genpact's Cora APFlow, the companies have improved the accuracy of key processes like accounts payable and receivable, streamlined data transparency, and empowered STADA's teams to concentrate on strategic initiatives that drive business outcomes."Genpact has enabled us to handle end-to-end tasks efficiently and cost-effectively," said Boris Döbler, Group Chief Financial Officer at STADA. "This allows our internal teams to focus on high-value activities. By leveraging data, analytics, and process automation, we're not only reducing costs but also improving accuracy, quality, and customer satisfaction."

Leveraging Data, Analytics, and AI to Enhance Decision-Making

The partnership between Genpact and STADA extends beyond process optimization. The companies are also collaborating to implement and leverage advanced technologies, such as S4HANA and generative AI, to further enhance STADA's finance and procurement processes, from supplier invoicing to financial reporting."This renewal exemplifies our leadership in finance and accounting services," said Sanjiv Tandon, Global Business Unit Leader for Life Sciences and Healthcare at Genpact. "By combining this expertise with our digital leadership and industry knowledge, we will enhance STADA's decision-making with actionable finance data, automate key F&A processes, and support regulatory compliance – ultimately enabling the company to continuously scale and excel in its industry."

Driving Scalability and Efficiency in STADA's Finance Operations

STADA's rapid growth and complex operations require a scalable and efficient finance platform. The partnership with Genpact has enabled the company to create automated processes that handle end-to-end tasks like procure-to-pay and order-to-cash efficiently and cost-effectively."STADA's rapid growth and complex operations require a scalable and efficient platform. Our partnership with Genpact has enabled us to create automated processes that handle end-to-end tasks like procure-to-pay and order-to-cash efficiently and cost-effectively," said Boris Döbler. "This allows our internal teams to focus on high-value activities. By leveraging data, analytics, and process automation, we're not only reducing costs but also improving accuracy, quality, and customer satisfaction."

Unlocking the Power of Genpact's Expertise for STADA's Competitive Advantage

Genpact's deep expertise in finance and accounting, combined with its digital leadership and industry knowledge, has been instrumental in optimizing STADA's finance and procurement processes. This strong foundation has paved the way for the companies to explore and implement cutting-edge technologies, further enhancing STADA's finance operations and driving its competitive edge in the market."By combining this expertise with our digital leadership and industry knowledge, we will enhance STADA's decision-making with actionable finance data, automate key F&A processes, and support regulatory compliance – ultimately enabling the company to continuously scale and excel in its industry," said Sanjiv Tandon.The renewed partnership between Genpact and STADA represents a strategic move to future-proof the latter's finance organization, leveraging the former's data, technology, and AI expertise. This collaboration is poised to unlock new levels of efficiency, accuracy, and agility, empowering STADA to stay ahead of the curve in the dynamic consumer healthcare, generic, and specialty pharma markets.