UPM Signs Finance and Accounting Contract with Genpact

            UPM Signs Finance and Accounting Contract with Genpact

PR Newswire

NEW YORK, Oct. 31, 2013

NEW YORK, Oct. 31, 2013 /PRNewswire/ --Genpact Limited (NYSE: G), a global
leader in transforming and running business processes and operations, and
UPM-Kymmene Corporation (UPM), the global frontrunner of the new bio and
forest industry, have signed a five-year outsourcing agreement to provide
finance and accounting (F&A) services to UPM.

(Logo: http://photos.prnewswire.com/prnh/20120501/NY98560LOGO )

As part of this agreement, Genpact will create a global hub for UPM's
transactional finance processes in Kolkata, India, which will operate in close
cooperation with UPM's captive Financial Shared Service Centers in Finland and
China.

"With this outsourcing agreement UPM will optimize and standardize the
handling of recurring financial tasks and thus drive significant improvements
in cost and performance efficiency as well as increase the scalability and
flexibility of our financial operations," says Erkka Repo, senior vice
president of Business Control and Finance Operations at UPM. "We chose Genpact
because of their track record in F&A and their experience in managing global
transformation projects, combined with their commitment to process excellence
and continuous improvement."

"We continue to expand our footprint and capabilities in the Nordics region,
where in the past 12 months we have formed a number of solid relationships
including this one with UPM," says Ahmed Mazhari, senior vice president,
Global Sales at Genpact. "Our granular process knowledge, deep analytical
insights, global delivery and leadership in F&A services allow us to focus on
transforming core business processes that generate significant business
outcomes for our clients. We look forward to a long-term partnership and
believe that we will be able to substantially improve the effectiveness of
UPM's F&A operations, making UPM more competitive, adaptive and connected to
their customers."

About UPM
Through the renewing of the bio and forest industries, UPM is building a
sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM
Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood.
Our products are made of renewable raw materials and are recyclable. We serve
our customers worldwide. The group employs around 22,000 people and our annual
sales exceed € 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM –
The Biofore Company – www.upm.com. 

About Genpact
Genpact Limited (NYSE: G) is a global leader in transforming and running
business processes and operations, including those that are complex and
industry-specific. Our mission is to help clients become more competitive by
making their enterprises more intelligent through becoming more adaptive,
innovative, globally effective and connected to their own clients. Genpact
stands for Generating Impact – visible in tighter cost management as well as
better management of risk, regulations and growth for hundreds of long-term
clients including more than 100 of the Fortune Global 500. Our approach is
distinctive – we offer an unbiased, agile combination of smarter processes,
crystallized in our Smart Enterprise Processes (SEP(SM)) proprietary
framework, along with analytics and technology, which limits upfront
investments and enhances future adaptability. We have global critical mass –
60,000+ employees in 24 countries with key management and corporate offices in
New York City – while remaining flexible and collaborative, and a management
team that drives client partnerships personally.Our history is unique –
behind our single-minded passion for process and operational excellence is the
Lean and Six Sigma heritage of a former General Electric division that has
served GE businesses for more than 15 years. For more information, visit
www.genpact.com. Follow Genpact on Twitter, Facebook and LinkedIn.

For more information:

Gail Marold (Genpact
Media                   Eric Minuskin (For       Joanna Timmermann (For Genpact
                        Genpact)                 Europe)
Relations)
gail.marold@genpact.com eric.minuskin@ogilvy.com joanna.timmermann@uk.ogilvypr.com
+1 919-345-3899         + 1 202-729-4061         +44 (0)207 309 1161

SOURCE Genpact Limited

Website: http://www.genpact.com
 
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