Genpact Utilizes SAP HANA Cloud Platform

By Mini Swamy
TMCnet Contributor

Genpact (News - Alert), which stands for ‘Generating Impact,’ once again lived up to its reputation of  helping enterprises become more adaptive, globally effective, and connected to their own clients, using the SAP (News - Alert) HANA Cloud Platform.

This comes at a time when the insurance market, faced with increasing demands, rising costs and increased competition, is in need of increased flexibility and agility in its core process operations.

SAP HANA Cloud Platform is an in-memory platform-as-a-service offering from SAP, which enables customers and developers to build, extend, and run applications on SAP HANA in the cloud.  By optimizing the solution design for SAP HANA Cloud Platform, Genpact can help insurers improve their visibility into policy, claims and analytics processes, and drive efficiency and visibility through analytics.

"This engagement significantly strengthens our IT services capabilities as we continue to help our clients maximize the benefits of cloud-based IT solutions in achieving their operational goals," noted Monty Singh, senior vice president and business leader, capital markets and IT Services for Genpact.

Known for its ability to design, transform and innovate business processes and operations, Genpact reportedly became one of the first SAP partners to optimize its business process outsourcing (BPO) solutions for the SAP Business All-in-One for Insurance solution, using SAP HANA Cloud Platform.

Genpact, with its experience in SAP for insurance solutions, will provide insurance companies with fast-deployed, technology-driven operations, enabling agility and faster time-to-business-impact. With its flexible subscription models and optional services for apps, database, and infrastructure, Genpact provides instant access to the full power of SAP HANA.

This means that insurers can rapidly innovate with comprehensive analytic, mobile, collaboration and big data services, develop targeted products, streamline core processes, simplify claims management, and more.

"Genpact's agile and holistic approach to deploying advanced technologies combined with analytics, process and organizational structure enables us to partner with clients in key industries like insurance to help identify their desired business outcomes and then create a road map to achieve them," said Scott McConnell, senior vice president and business development leader, Insurance for Genpact.

Genpact states that it serves more than 30 insurance clients with over 7,000 experts across 10 countries.