Genpact, has signed a five-year contract to provide certain finance and accounting activities for kimberly-Clark Corporation. Outsourcing of these services to Genpact is part of Kimberly-Clark's global competitive improvement initiatives, which were announced in July 2005.

"This move will allow us to better focus our resources on innovation, brand-building and other capabilities that will drive long-term, sustainable growth," said Ian Maginnis, Kimberly-Clark Vice President of Business Support Delivery. "Genpact is highly regarded by numerous multinational clients as a partner that provides top-quality service in finance and accounting services. By moving our non-core F&A activities to Genpact, we will reduce costs and improve efficiency in these areas."

Building upon Kimberly-Clark's strong base in F&A, Genpact will support the company's global operations in the areas of: accounts payable and travel expenses, pricing administration, accounting-to-reporting and supply-chain accounting.

"We look forward to partnering with Kimberly-Clark in ways that will not only improve processes, but contribute substantial bottom-line savings as well," said Pramod Bhasin, Genpact president and chief executive officer. "Innovation is as important in the back office as it is in product development and distribution. It is something we work at and share with our clients every day. We are honored to join Kimberly-Clark in our common pursuit of innovation."

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Prashanth Rai