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Genpact Renews Contract with ICBC Leasing

The cooperation between Genpact and ICBC Leasing has pioneered IT outsourcing services in the domestic financial leasing sector. In the renewed contract, Genpact will focus on improving previous tasks and developing new functionalities to further strengthen the construction of an information platform for ICBC Leasing's financial system and develop a cutting-edge, Oracle-based operations management system. For the domestic financial leasing sector, this contract renewal will establish a new standard for industrial information systems.

"We are very glad to be able to further strengthen our partnership with ICBC Leasing. As an innovative financial sector, financial leasing has broad market potential in China. We hope to leverage this cooperation to establish our advantages in the sector and provide premium services in process management, reengineering and information technology for more customers in the near future. We believe that we can not only effectively help enterprises reduce costs and improve efficiency and business performance, but also help them realize the significance of information technology and process reengineering, so as to fulfill our commitment to Chinese market. We hope that our expertise and successful experience can drive the development of China's financial leasing sector in a rapid and steady manner," said, Charles Hunting, Chief Executive Officer for Genpact Asia.

In order to help ICBC Leasing establish better asset management and operation practices that met the requirements of China Banking Regulatory Commission through informatization, Genpact tailored an integrated solution for ICBC Leasing which was implemented in three phases. In the first phase, Genpact helped ICBC Leasing meet automated business and financial auditing requirements by establishing and improving ICBC Leasing's financial system. At the same time, using Oracle ERP as a basis, Genpact tailored leasing, receivables, payable, capital, general ledger and inventory modules for ICBC Leasing to establish normative financial processes, improve the efficiency and performance of financial auditing, and meet various other special business needs of ICBC Leasing. The second phase of the project was designed to improve financial statements. Implementation of the second phase not only fulfilled the in-house financial statement needs of ICBC Leasing, it also fulfilled the requirements of ICBC Headquarters for financial statements; and an automatic conversion to CBRC 1104 Reporting System was achieved. Through further system improvements and adjustments, the third phase met demands for floating interest rate leasing contracts and supported leasing business operations, thereby achieving the company's goals for financial management precision.

"We are very pleased to be able to cooperate with ICBC Leasing. As the largest financial leasing company in China, ICBC Leasing has high expectations of their information system and financial management. To provide better services, we combined our global experience with our local expertise to accomplish a large amount of localized development based on Oracle ERP that fit the specific needs of ICBC Leasing. While solidifying our existing achievements, we will focus on innovation to support ICBC Leasing's business with a more comprehensive system," said Zhu Gang, Vice President, Genpact China.

"Genpact helped us overcome a lot of the business challenges we encountered during the project," commented Sun Dongguang, Executive General Manager of ICBC Leasing. "The domestic financial leasing sector is currently in its initial development stage and there are significant industry peculiarities. As the industry leader, we are facing great challenges. Through leveraging its global experience, Genpact tailored various creative solutions for us to identify responsibilities of internal positions and help us better optimize and standardize business process and provide support for our financial leasing business. We believe the contract renewal with Genpact will provide a solid foundation for the establishment of a long-term strategic partnership between our two companies."

The implementation of the project highlighted Genpact's global experience and local expertise. Genpact's in-depth insight into Oracle systems, combined with its personalized solutions developed on the basis of a customer's local needs and cooperate culture, considerably facilitated ICBC Leasing in establishing its information system.

About Genpact

Genpact is a global leader in business process and technology management, offering a broad portfolio of enterprise and industry-specific services. The company manages over 3,000 processes for more than 400 clients worldwide. Putting process in the forefront, Genpact couples its deep process knowledge and insights with focused IT capabilities, targeted analytics and pragmatic reengineering to deliver comprehensive solutions for clients. Lean and Six Sigma are an integral part of Genpact's culture and Genpact views the management of business processes as a science. Genpact has developed Smart Enterprise Processes (SEP^SM), a groundbreaking, rigorously scientific methodology for managing business processes, which focuses on optimizing process effectiveness in addition to efficiency to deliver superior business outcomes. Services are seamlessly delivered from a global network of centers to meet a client's business objectives, cultural and language needs and cost reduction goals. Learn more at www.genpact.com.

Genpact Media Relations
Gail Marold, +1 919-345-3899
gail.marold@genpact.com
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For Genpact China
Sandy Peng, + 86 216 133 3520
sandy.peng@genpact.com
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For Genpact
Gloria Qi, + 86 108 52 06345
gloria.qi@ogilvy.com