SAN FRANCISCO & NEW YORK--(BUSINESS WIRE)--McKesson (NYSE:MCK), a leader in healthcare supply chain management
solutions and healthcare information technology, and Genpact
(NYSE:G), a global professional services firm focused on delivering
digital transformation, today announced the expansion of their
relationship that will advance McKesson’s finance operating model and
cost structure vision.
For several years, McKesson and Genpact have been developing innovative
solutions to support McKesson’s finance operations. The expanded
relationship will accelerate McKesson’s operating model and cost
structure program redesign, which will be jointly implemented.
McKesson’s vision and operational excellence, combined with Genpact’s
deep operations optimization experience, will simplify and standardize
finance processes while deploying leading-edge technologies that will
drive improved effectiveness, efficiency and savings.
“The transformation of our operating model and cost structure aligns
with our long-term strategy and will lead to more efficient and
effective operations to support our growth initiatives and the customers
we serve,” said Britt Vitalone, executive vice president and chief
financial officer, McKesson. “This partnership, in combination with
other finance operating initiatives, will further accelerate our
multi-year strategic growth initiative, contributing up to one-quarter
of our previously announced annual gross pre-tax savings of $300 million
to $400 million, and further position McKesson to meet the challenges
facing the healthcare industry.”
In its expanded work with McKesson, Genpact will leverage
digitally-enabled solutions, including the targeted deployment of
Artificial Intelligence (AI), machine learning and other advanced
technologies to drive innovation, greater effectiveness and efficiencies
in McKesson’s Order to Cash, Record to Report, Contract Management,
Master Data Management, and Source to Pay processes.
“The healthcare industry is undergoing significant change across the
globe, so leading healthcare companies like McKesson need to continue to
adapt their operating models,” said Tiger Tyagarajan, president and
chief executive officer, Genpact. “We look forward to bringing our
digital capabilities and analytics to transform the finance operations
across McKesson globally so that they can more nimbly navigate this
changing environment.”
About McKesson Corporation
McKesson Corporation (NYSE:MCK), currently ranked 6th on the
FORTUNE 500, is a global leader in healthcare supply chain management
solutions, retail pharmacy, community oncology and specialty care, and
healthcare information technology. McKesson partners with pharmaceutical
manufacturers, providers, pharmacies, governments and other
organizations in healthcare to help provide the right medicines, medical
products and healthcare services to the right patients at the right
time, safely and cost-effectively. United by our ICARE shared
principles, our employees work every day to innovate and deliver
opportunities that make our customers and partners more successful – all
for the better health of our patients. McKesson has been named the “Most
Admired Company” in the healthcare wholesaler category by FORTUNE, a
“Best
Place to Work” by the Human Rights Campaign Foundation, and a top military-friendly
company by Military Friendly. For more information, visit www.mckesson.com.
About Genpact
Genpact (NYSE:G) is a global professional services firm that makes
business transformation real. We drive digital-led innovation and
digitally-enabled intelligent operations for our clients, guided by our
experience running thousands of processes for hundreds of Global Fortune
500 companies. We think with design, dream in digital, and solve
problems with data and analytics. We obsess over operations and focus on
the details – all 80,000+ of us. From New York to New Delhi and more
than 20 countries in between, Genpact has the end-to-end expertise to
connect every dot, reimagine every process, and reinvent companies’ ways
of working. We know that rethinking each step from start to finish will
create better business outcomes. Whatever it is, we’ll be there with you
– putting data and digital to work to create bold, lasting results –
because transformation
happens here. Get to know us at Genpact.com and on LinkedIn,
Twitter,
YouTube,
and Facebook.
