Académique Documents
Professionnel Documents
Culture Documents
The analysis clearly revealed that the clients accounts receivables processes
were de-centralized, non-standardized and manual across all properties.
The following issues were uncovered by the Genpact team during The Genpact Solution
the 20-day study:
This detailed analysis identified multiple savings opportunities
Conventions:
which addressed the clients cash management and cost
Issues Potential Impact productivity challenges. Genpact implemented these smarter
Duplication of data capture Close to $144.5 million of revenue process and smarter analytics solutions:
activity due to multiple (representing 50% of convention
documents during the booking billing) was billed between 2-8 Centralized, standardized and consolidated AR processes from
process weeks after convention conclusion. multiple to one location
Document usage standards This variation in the process
inconsistent with the hotel resulted in blocking working Digitized order booking for entertainment sales
portfolio capital between $5.5 million (per
Manual flow of documents 14-day standard) and $22 million. Established single AR module for AR management
Disparate IT systems
Implemented Electronic Invoice Presentment and Payment
(EIPP) tool for invoice creation and submission
Entertainment Sales:
Implemented digitized workflow and document flow tools
Issues Potential Impact
Reduction in paper document generation
Highly manual order capturing $30 million in blocked working
and booking process capital and $3 million in EBT due E-signature capture for F&B services
Highly manual invoicing process to 16 day average delay in time to
using multiple AR systems invoice and 72-day average delay Setup autopay for major vendors
Unfavorable contract terms in time to collect.
with vendors including terms of Business Impact Delivered
payment
Non-standard payment The end-to-end approach taken by Genpact resulted in significant
remittance and manual
reconciliation process improvements across all three of the clients businesses.
Room Sales:
$60 million working capital
Financial improvement
Issues Potential Impact Impact
Increased cash flows
Lacking dispute capture Increased past-due accounts
platform impacting working capital.
No segregation of duties within
the accounting team Labor productivity increased by 40%
Operational
Non-existent dispute
Impact Order to cash cycle time reduced to
management workflow
< 50 days from > 100 days