Treasury & Tax Genpact has established relationships with over 400 banks in the Americas, Europe, Middle East, Australia, and Asia-Pacific regions, and developed familiarity with foreign exchange regulations in 45 countries. This has enabled Genpact to handle treasury transaction volumes valued at over $12 billion and support over 3,000 accounting and reconciliation transactions each day. Our Treasury and Tax service includes Operations Services, Accounting and Reporting, Risk Management, Tax Accounting, Tax Returns, Transfer Pricing and Transaction Tax. Tax services focus on delivering value to the customer by controlling costs, optimizing technology resources, and coordinating global taxation requirements. Our Approach Utilizing Six Sigma rigor, we partner with customer tax department to increase process accuracy and speed. This partnering ensures our clients' senior tax professionals can focus on planning instead of processes. We provide best-in-class cash optimization, customer support on bank dealings, and accounting for cash transactions and treasury operations that ensure enhanced controllership and compliance. Client Successes Treasury: Genpact assisted a global Fortune 100 client that operates through 500 bank accounts, 25-plus currencies and 14 banking relationships worldwide. We helped reduce controllership and financial risk, and improved its average cycle time on 25,000 monthly fund movements from 12 to 8 days. Tax: For a UK-based client, Genpact halved the error rate on Value-Added-Tax claims from 4 percent to 2 percent and thereby reduced P&L charge by £430,000 and reduce risk by £4.3 million in VAT reclaims.