Genpact inks business process management deal with Dr Reddy's

NEW DELHI: BPO giant Genpact today said it has signed an agreement with Dr Reddy's Laboratories to provide comprehensive finance and accounting (F&A) services to the pharmaceutical major.

As part of the deal, Genpact will take over Dr Reddy's shared services operations in Hyderabad, which supports the company's operations in India, the US and the UK.

Genpact will implement its best practices to make Dr Reddy's F&A processes more effective for accounts payable, accounts receivable, record-to-report and employee-related services.

"This engagement will ensure that our F&A support processes become more effective while we continue to focus on growing our pharmaceutical business across therapeutic segments and geographies," Dr Reddy's CFO Umang Vohra said.

This engagement between Dr Reddy's and Genpact was facilitated and managed by RvaluE Consulting.

"This partnership will bring to Genpact expertise in the generics pharmaceutical business and further growth of our client base in India," Genpact Senior Vice-President Harpreet Duggal said.