Professional services and solutions firm Genpact has unveiled Finance Data Hub, an artificial intelligence (AI)-driven solution designed to enhance decision-making and operational efficiency for chief financial officers (CFOs) and their teams.
Powered by Databricks’ data intelligence platform, the new solution is expected to provide faster and more accurate access to financial data.
The Finance Data Hub addresses key data challenges by consolidating both structured and unstructured information, such as contracts across various functions, supply chain, financial planning, tax, and treasury.
By unifying this data into a single platform built on Databricks’ open lakehouse architecture, the system delivers clean, reliable data in near-real-time. This enables advanced analytics and AI-driven insights, allowing CFOs to make faster, more informed decisions.
In addition to streamlining data access, the platform offers robust governance and simplified compliance features, improving productivity while enabling finance leaders to quickly adapt to market changes.
It also supports better management of spending, cash flow, and profitability.
Besides, the Finance Data Hub provides features such as cataloguing, data lineage, machine learning governance, and security to ensure financial data practices align with organisational requirements.
By improving data processing speed, the Hub enhances performance, allowing CFOs to respond quickly to financial developments and make more timely decisions, ultimately boosting overall productivity.
Genpact chief growth officer Riju Vashisht said: “Finance leaders are often limited by fragmented data as they strive to deliver actionable insights.
“Our Finance Data Hub unifies financial information, improving data quality, trust, and auditability, so teams can prioritise strategic decision-making.
“By collaborating with industry-leading partners, such as Databricks, we can help businesses realise the true value of their data with advanced technologies, deep industry knowledge, and global talent.”
Based in the US, Genpact provides end-to-end finance and accounting (F&A) solutions that optimise operations, improve compliance, and support strategic decision-making.
In May this year, Genpact partnered with Microsoft to propel modern finance transformation across businesses. The collaboration aims to foster innovation for finance organisations across the globe by focusing on using data, technology, and AI.
