Zurich Selects Procurian and Genpact to Manage Global Spend and Transform Procurement Across Organization
Procurian, Inc
24.04.2012 15:00
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Contract Underscores Breadth and Depth of Procurian's Specialized Procurement
Infrastructure
PHILADELPHIA, 2012-04-24 15:00 CEST (GLOBE NEWSWIRE) --
Procurian, formerly ICG Commerce, and Genpact Limited (NYSE:G) announced today
that they have been selected to deliver a global, comprehensive Source-to-Pay
solution to Zurich Insurance Company Ltd and its subsidiaries (Zurich), a
leading multi-line insurance provider. Together with its long-standing partner
Genpact, Procurian, the leading comprehensive procurement solutions provider,
will help Zurich reduce costs and continuously optimize spending in the areas
of IT, professional services, marketing, HR, facilities and travel.
Zurich will leverage Procurian's Specialized Procurement Infrastructure(TM)
enhanced by Genpact's Smart Enterprise Processes (SEP(SM)) framework to
transform Zurich's procurement capabilities globally. In partnership, Procurian
and Genpact are focused on helping clients transform Procurement into a
strategic function that delivers measurable savings and fuels growth.
Procurian will help drive further cost optimizations and generate greater value
for Zurich's business. It brings a specialized infrastructure powered by deep
supply market intelligence while Genpact brings a proven track record of
maximizing the effectiveness of source-to-pay processes and deep domain
expertise in the financial services and insurance industries.
'This contract brings together all of the elements required to extract value
from a company's source-to-pay activities on a truly global scale, including
the expertise to address all spend and capabilities and deploy an integrated
solution across the client's worldwide operations,' said Bill Huber, Partner,
ISG.
About Procurian, Inc.
Procurian is the leading specialist in comprehensive procurement solutions.
Forward-thinking business leaders partner with Procurian to transform
procurement and drive sustainable changes to their cost structures. Global
industry leaders, including Kimberly-Clark, Hertz, Symantec, Timken and
Whirlpool, have chosen Procurian to accelerate this transformation. Procurian's
built-out Specialized Procurement Infrastructure(tm) integrates with businesses to
optimize spending and deliver real savings that equal a margin point or more.
Procurian is an ICG (Nasdaq:ICGE) company. For more information, visit
www.procurian.com.
The Procurian, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12383
About Genpact
Genpact Limited (NYSE:G), a global leader in business process and technology
management services, leverages the power of smarter processes, smarter
analytics and smarter technology to help its clients drive intelligence across
the enterprise. Genpact's Smart Enterprise Processes (SEP(SM)) framework, its
unique science of process combined with deep domain expertise in multiple
industry verticals, leads to superior business outcomes. Genpact's Smart
Decision Services deliver valuable business insights to its clients through
targeted analytics, reengineering expertise, and advanced risk management.
Making technology more intelligent by embedding it with process and data
insights, Genpact also offers a wide range of technology services. Driven by a
passion for process innovation and operational excellence built on its Lean and
Six Sigma DNA and the legacy of serving GE for more than 14 years, the
company's 55,000+ professionals around the globe deliver services to its more
than 600 clients from a network of 57 delivery centers across 16 countries
supporting more than 25 languages. For more information, visit www.genpact.com,
Follow Genpact on Twitter, Facebook and LinkedIn.
CONTACT: Procurian Media Contact:
Shannon Parish
+1 484-690-5446
sparish@procurian.com
Genpact Media Contact:
Gail Marold
+1 919-345-3899
gail.marold@genpact.com
News Source: NASDAQ OMX
24.04.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Procurian, Inc
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9901972128
WKN:
End of Announcement DGAP News-Service
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Procurian, Inc
24.04.2012 15:00
---------------------------------------------------------------------------
Contract Underscores Breadth and Depth of Procurian's Specialized Procurement
Infrastructure
PHILADELPHIA, 2012-04-24 15:00 CEST (GLOBE NEWSWIRE) --
Procurian, formerly ICG Commerce, and Genpact Limited (NYSE:G) announced today
that they have been selected to deliver a global, comprehensive Source-to-Pay
solution to Zurich Insurance Company Ltd and its subsidiaries (Zurich), a
leading multi-line insurance provider. Together with its long-standing partner
Genpact, Procurian, the leading comprehensive procurement solutions provider,
will help Zurich reduce costs and continuously optimize spending in the areas
of IT, professional services, marketing, HR, facilities and travel.
Zurich will leverage Procurian's Specialized Procurement Infrastructure(TM)
enhanced by Genpact's Smart Enterprise Processes (SEP(SM)) framework to
transform Zurich's procurement capabilities globally. In partnership, Procurian
and Genpact are focused on helping clients transform Procurement into a
strategic function that delivers measurable savings and fuels growth.
Procurian will help drive further cost optimizations and generate greater value
for Zurich's business. It brings a specialized infrastructure powered by deep
supply market intelligence while Genpact brings a proven track record of
maximizing the effectiveness of source-to-pay processes and deep domain
expertise in the financial services and insurance industries.
'This contract brings together all of the elements required to extract value
from a company's source-to-pay activities on a truly global scale, including
the expertise to address all spend and capabilities and deploy an integrated
solution across the client's worldwide operations,' said Bill Huber, Partner,
ISG.
About Procurian, Inc.
Procurian is the leading specialist in comprehensive procurement solutions.
Forward-thinking business leaders partner with Procurian to transform
procurement and drive sustainable changes to their cost structures. Global
industry leaders, including Kimberly-Clark, Hertz, Symantec, Timken and
Whirlpool, have chosen Procurian to accelerate this transformation. Procurian's
built-out Specialized Procurement Infrastructure(tm) integrates with businesses to
optimize spending and deliver real savings that equal a margin point or more.
Procurian is an ICG (Nasdaq:ICGE) company. For more information, visit
www.procurian.com.
The Procurian, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12383
About Genpact
Genpact Limited (NYSE:G), a global leader in business process and technology
management services, leverages the power of smarter processes, smarter
analytics and smarter technology to help its clients drive intelligence across
the enterprise. Genpact's Smart Enterprise Processes (SEP(SM)) framework, its
unique science of process combined with deep domain expertise in multiple
industry verticals, leads to superior business outcomes. Genpact's Smart
Decision Services deliver valuable business insights to its clients through
targeted analytics, reengineering expertise, and advanced risk management.
Making technology more intelligent by embedding it with process and data
insights, Genpact also offers a wide range of technology services. Driven by a
passion for process innovation and operational excellence built on its Lean and
Six Sigma DNA and the legacy of serving GE for more than 14 years, the
company's 55,000+ professionals around the globe deliver services to its more
than 600 clients from a network of 57 delivery centers across 16 countries
supporting more than 25 languages. For more information, visit www.genpact.com,
Follow Genpact on Twitter, Facebook and LinkedIn.
CONTACT: Procurian Media Contact:
Shannon Parish
+1 484-690-5446
sparish@procurian.com
Genpact Media Contact:
Gail Marold
+1 919-345-3899
gail.marold@genpact.com
News Source: NASDAQ OMX
24.04.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Procurian, Inc
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9901972128
WKN:
End of Announcement DGAP News-Service
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