This agreement will allow Genpact to leverage TIS' solutions to develop innovative cloud, mobile, and wearable finance and accounting (F&A) intelligent process applications – designed to provide operational efficiencies for global clients looking to leverage advanced technologies to drive disruptive operating models.

Rapid process automation allows organisations to quickly automate and perform critical yet repetitive or time consuming tasks and processes faster, with fewer errors, and easily ramp up or down as demand changes from month to month. This TIS-Genpact collaboration will enable rapid deployment and automation of traditional and cumbersome "paper to ERP and mainframes" processes via intelligent capture and easy interoperability with any ERP environment without extensive integration or configuration.

This partnership is part of Genpact's strategy to build out innovative systems of engagement (SoE) technology that can be layered on top of clients' existing systems of records and into the fabric of clients' processes, helping them in the journey towards truly intelligent operations. Genpact clients are now able to take advantage of integrated, tested, and proven mobile-enabled imaging, process automation, and advanced reporting and analytics solutions. TIS and Genpact share the commitment to provide innovation, excellence, and optimised processes to the world's enterprises, and through this partnership, both companies will work to bring the convenience, ease of use, and affordability of consumer cloud and mobile applications to the enterprise.

"Genpact's focus on the science of business processes provides us an unparalleled opportunity to intelligently embed our advanced technology solutions into complex business processes that run in some of the largest enterprises globally," said Michael Schrader, CEO of TIS. "In partnership with Genpact, TIS will look to co-develop the next generation of solutions for business process management."

"TIS' technology will enhance Genpact's capture solutions beyond conventional invoice or claims processing to include mobility, scalable cloud-processing, and real-time analytics that can provide value-added services fully integrated into the end-to-end processes we run for our clients," said Sanjay Srivastava, senior vice president and business leader, Enterprise Technology Services, Genpact. "Genpact is committed to delivering best practice process, advanced technologies, and embedded analytics knowledge using innovative systems of engagement technologies that can transform client productivity and business outcomes."