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Genpact
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P2P stands for Procure-to-Pay, a process that streamlines purchasing and payment activities in organizations.
Streamlined Procurement: P2P automates the procurement process, from requisition to payment, reducing manual effort and errors.
Supplier Management: It helps in managing supplier relationships and performance, ensuring timely deliveries and compliance.
Cost Control: P2P enables better tracking of spending, he...
Accounting standards are guidelines for financial reporting, ensuring consistency and transparency in financial statements.
Generally Accepted Accounting Principles (GAAP) guide financial reporting in the U.S.
International Financial Reporting Standards (IFRS) are used in many countries worldwide.
Accounting standards ensure that financial statements are comparable across different organizations.
For example, GAAP req...
Yes, I have experience with SAP, focusing on its modules for process development and optimization.
Familiar with SAP ERP modules like MM (Materials Management) and SD (Sales and Distribution).
Experience in using SAP for data analysis and reporting to improve process efficiency.
Implemented SAP workflows to streamline operations in previous roles.
Knowledge of SAP Fiori for user-friendly interface and enhanced user ex...
Accounts payable refers to the money a company owes to its suppliers for goods and services received but not yet paid for.
Accounts payable is a liability on the balance sheet.
It includes invoices from suppliers for products or services.
For example, if a company buys office supplies on credit, the amount owed is recorded in accounts payable.
Timely payment of accounts payable is crucial for maintaining supplier rela...
What people are saying about Genpact
The Order to Cash (O2C) process involves all the steps from receiving a customer order to receiving payment.
O2C process starts with receiving a customer order.
It includes order processing, order fulfillment, and invoicing.
The final step is receiving payment from the customer.
Efficient O2C process ensures timely delivery and payment.
Example: A customer places an order online, the order is processed, the product is ...
Reconciliation is the process of comparing two sets of records to ensure they are in agreement.
Reconciliation involves identifying discrepancies between the two sets of records.
It often includes investigating the reasons for discrepancies and resolving them.
Examples of reconciliation include bank statement reconciliation, inventory reconciliation, and financial statement reconciliation.
Accruals typically posted include expenses, revenues, interest, and taxes.
Expenses accrued for services received but not yet paid for
Revenues accrued for services provided but not yet invoiced
Interest accrued on loans or investments
Taxes accrued based on estimated liabilities
Depreciation is the allocation of the cost of a tangible asset over its useful life.
Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.
It is used to spread the cost of an asset over its useful life, matching the expense with the revenue it generates.
Common methods of depreciation include straight-line, double declining balance, and units of production.
Example: A company pu...
Accuracy is how close a measurement is to the true value, while precision is how close repeated measurements are to each other.
Accuracy refers to the closeness of a measured value to a standard or known value.
Precision refers to the closeness of two or more measurements to each other.
For example, hitting the bullseye on a target multiple times in a row would be both accurate and precise.
If a measurement is accurat...
The process of evolving reconciliation involves identifying discrepancies, investigating root causes, implementing corrective actions, and monitoring progress.
Identify discrepancies in financial records or accounts
Investigate root causes of discrepancies, such as errors in data entry or miscommunication
Implement corrective actions to address the root causes and prevent future discrepancies
Monitor progress regularl...
I am a dedicated and detail-oriented professional with a background in process development and optimization.
I have a Bachelor's degree in Business Administration with a focus on operations management.
I have experience working in cross-functional teams to streamline processes and improve efficiency.
I am proficient in data analysis and have used tools like Excel and SQL to identify areas for improvement.
I am a strong com...
My current Cost to Company (CTC) is $60,000 per year.
My current CTC is $60,000 per year
It includes my salary, bonuses, benefits, and any other compensation provided by the company
I do not have any additional income sources outside of my CTC
Accuracy is how close a measurement is to the true value, while precision is how close repeated measurements are to each other.
Accuracy refers to the closeness of a measured value to a standard or known value.
Precision refers to the closeness of two or more measurements to each other.
For example, hitting the bullseye on a target multiple times in a row would be both accurate and precise.
If a measurement is accurate but...
Key rules for gold investments include diversification, understanding market trends, and considering storage costs.
Diversify your investment portfolio to reduce risk
Understand market trends and factors that influence gold prices
Consider storage costs and security measures for physical gold investments
The different types of accounting statements include income statement, balance sheet, and cash flow statement.
Income statement: Shows a company's revenues and expenses over a specific period of time.
Balance sheet: Provides a snapshot of a company's financial position at a specific point in time, including assets, liabilities, and equity.
Cash flow statement: Details the cash inflows and outflows of a company over a spec...
Depreciation is the allocation of the cost of a tangible asset over its useful life.
Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.
It is used to spread the cost of an asset over its useful life, matching the expense with the revenue it generates.
Common methods of depreciation include straight-line, double declining balance, and units of production.
Example: A company purchas...
Reconciliation is the process of comparing two sets of records to ensure they are in agreement.
Reconciliation involves identifying discrepancies between the two sets of records.
It often includes investigating the reasons for discrepancies and resolving them.
Examples of reconciliation include bank statement reconciliation, inventory reconciliation, and financial statement reconciliation.
Accruals typically posted include expenses, revenues, interest, and taxes.
Expenses accrued for services received but not yet paid for
Revenues accrued for services provided but not yet invoiced
Interest accrued on loans or investments
Taxes accrued based on estimated liabilities
I have 5 years of experience in process development with a current CTC of $70,000.
5 years of experience in process development
Current CTC of $70,000
Experience in optimizing processes and improving efficiency
I have strong communication skills, both written and verbal, with the ability to effectively convey information and ideas.
Excellent verbal communication skills demonstrated through clear and concise articulation of ideas
Strong written communication skills shown through drafting clear and professional emails and reports
Ability to actively listen and respond appropriately in conversations
Experience in presenting informat...
The accounts payable cycle is the process of receiving, verifying, and paying invoices from vendors.
Invoices are received from vendors for goods or services provided
Invoices are verified for accuracy and approved for payment
Payments are made to vendors within the agreed upon terms
The cycle repeats for each invoice received
Invoice deductions related to disputes can impact cash flow, customer relationships, and operational efficiency.
Invoice deductions can lead to delayed or reduced payments, affecting cash flow.
Disputes can strain relationships with customers, leading to potential loss of business.
Resolving disputes can be time-consuming and resource-intensive, impacting operational efficiency.
Examples: Deductions for damaged goods, inco...
The process of evolving reconciliation involves identifying discrepancies, investigating root causes, implementing corrective actions, and monitoring progress.
Identify discrepancies in financial records or accounts
Investigate root causes of discrepancies, such as errors in data entry or miscommunication
Implement corrective actions to address the root causes and prevent future discrepancies
Monitor progress regularly to ...
I appeared for an interview before Sep 2021.
The Order to Cash (O2C) process involves all the steps from receiving a customer order to receiving payment.
O2C process starts with receiving a customer order.
It includes order processing, order fulfillment, and invoicing.
The final step is receiving payment from the customer.
Efficient O2C process ensures timely delivery and payment.
Example: A customer places an order online, the order is processed, the product is shipp...
I would remain calm, listen actively, empathize with the customer, and work towards finding a satisfactory solution.
Remain calm and composed to handle the situation effectively
Listen actively to understand the customer's query or concern
Empathize with the customer to show understanding and build rapport
Work towards finding a satisfactory solution by offering alternatives or escalating if necessary
I applied via Walk-in and was interviewed in Oct 2024. There were 2 interview rounds.
2 way 3 way matching is a process used in accounting to ensure accuracy in financial transactions.
2 way matching involves matching the invoice with the purchase order
3 way matching involves matching the invoice with the purchase order and the receiving report
Helps in detecting errors or discrepancies in the billing process
ME23N
ME23N is the T code used to review purchase orders in SAP
It allows users to view details of a specific purchase order, such as vendor information, item details, and delivery status
Contact the inventory manager or supervisor for resolution.
Contact inventory manager or supervisor immediately
Verify the discrepancy with relevant documentation
Discuss potential causes of the mismatch and work towards resolution
GRN stands for Goods Receipt Note, which is a document used in the procurement process to confirm the receipt of goods.
GRN is used in the procurement process to verify that the goods ordered have been received in good condition.
It includes details such as the quantity, quality, and condition of the goods received.
GRN is an important document for inventory management and accounting purposes.
It is typically generated by ...
I would seek hands-on experience through internships, workshops, or online tutorials to bridge the gap between theory and practice.
Seek internships or part-time jobs in the field to gain practical experience
Participate in workshops or training sessions to apply theoretical knowledge in real-life scenarios
Utilize online tutorials or courses to practice and implement theoretical concepts
Collaborate with professionals in ...
As a Process Developer, my daily activities involve analyzing processes, identifying areas for improvement, implementing solutions, and monitoring performance.
Analyze current processes to identify inefficiencies
Develop and implement solutions to improve process efficiency
Monitor performance metrics to track improvements
Collaborate with team members to streamline workflows
I have faced challenges such as tight deadlines, communication issues, and adapting to new technologies.
Tight deadlines requiring efficient time management and prioritization
Communication issues with team members or stakeholders leading to misunderstandings
Adapting to new technologies or software systems quickly to meet project requirements
My salary expectations are in line with industry standards and based on my experience and qualifications.
Research industry standards for Process Developers in the area
Consider my experience and qualifications when determining salary expectations
Be prepared to negotiate based on the job responsibilities and benefits package offered
I appeared for an interview in Nov 2024.
I am a dedicated and detail-oriented process developer with a strong background in streamlining workflows and improving efficiency.
I have a Bachelor's degree in Business Administration with a focus on process improvement
I have experience working with cross-functional teams to identify bottlenecks and implement solutions
I am proficient in using process mapping tools such as Visio and Lucidchart
I have successfully reduce...
My salary expectations are in line with industry standards and based on my experience and qualifications.
Research industry standards for Process Developers in the local area
Consider my experience and qualifications when determining salary expectations
Be prepared to negotiate based on the job responsibilities and benefits package offered
My notice period is currently one month.
Notice period is one month
I am required to give one month notice before leaving my current position
I can start the new role after serving the one month notice period
Yes, I am comfortable with relocation.
I am open to relocating for the right opportunity
I have previous experience relocating for work
I understand the benefits of relocation for career growth
I am open to working night shifts and have experience working during those hours.
I am comfortable working night shifts and have no issues with adjusting my schedule.
I have previous experience working night shifts in my previous roles.
I understand the importance of night shifts in maintaining continuous operations and am willing to contribute during those hours.
As a Process Developer, my current responsibilities include analyzing existing processes, identifying areas for improvement, designing and implementing new processes, and monitoring performance metrics.
Analyzing existing processes
Identifying areas for improvement
Designing and implementing new processes
Monitoring performance metrics
I have successfully led a team in implementing a new process that resulted in a 20% increase in efficiency.
Led a team in implementing a new process
Achieved a 20% increase in efficiency
Received recognition from senior management for the successful implementation
I have successfully implemented process improvements resulting in cost savings and increased efficiency.
Implemented automation tools to streamline workflow processes
Reduced processing time by 20% through optimization strategies
Led a team in achieving a 30% reduction in error rates
Received Employee of the Month award for outstanding performance
I appeared for an interview in Apr 2025, where I was asked the following questions.
I manage work pressure by prioritizing tasks, maintaining a positive mindset, and utilizing effective time management techniques.
Prioritize tasks: I create a to-do list to identify urgent tasks and focus on high-impact activities first.
Stay organized: I use project management tools to track progress and deadlines, ensuring nothing falls through the cracks.
Maintain a positive mindset: I practice mindfulness and stress-r...
I applied via Naukri.com and was interviewed in Nov 2024. There were 2 interview rounds.
I appeared for an interview in Aug 2024.
I have 5 years of experience in process development, focusing on streamlining workflows and improving efficiency.
Implemented automation tools to reduce manual tasks by 30%
Led a team in redesigning a process that resulted in 20% increase in productivity
Collaborated with cross-functional teams to identify bottlenecks and implement solutions
Invoice processing is the handling of invoices from receipt to payment, including verification, approval, and recording.
Involves receiving invoices from vendors
Verifying accuracy of invoices
Obtaining necessary approvals for payment
Recording invoices in accounting system
Resolving any discrepancies or issues with invoices
A credit note is a document issued by a seller to a buyer, reducing the amount owed by the buyer to the seller.
A credit note is used to correct errors in invoices or to provide refunds to customers.
It typically includes details such as the reason for issuing the credit note, the amount being credited, and the original invoice number.
Credit notes are important for maintaining accurate financial records and ensuring cust...
I faced a critical incident when a key team member unexpectedly resigned, impacting project deadlines.
Immediately assessed the impact on project timelines and deliverables
Held a team meeting to discuss the situation and redistribute tasks accordingly
Worked closely with HR to expedite the hiring process for a replacement
Provided additional support and resources to team members to ensure project continuity
Regularly commu...
Verify invoice details before processing
Check for accuracy of billing information
Verify the quantity and price of items listed
Ensure all necessary approvals and signatures are present
Confirm that the invoice matches the purchase order
Check for any discrepancies or errors
Yes, I am willing to work at the mentioned location.
I am open to working at the mentioned location
I am flexible with my work location
I am willing to relocate if necessary
Yes, I am comfortable with the fixed salary package.
I am comfortable with a fixed salary as long as it is competitive and fair.
I value stability and predictability in my income.
I believe in negotiating for a fair salary during the hiring process.
I understand that fixed salary packages are common in many industries.
I am more concerned with the overall compensation package rather than just the salary.
Yes, I am aware of the roles and responsibilities of the job.
I am responsible for analyzing and improving existing processes within the organization.
I will be required to document process flows, identify areas for improvement, and implement solutions.
Collaboration with various teams to streamline processes and increase efficiency is a key part of the role.
Regularly monitoring and evaluating process performance to ensur...
Seeking new challenges and growth opportunities
Desire for career advancement
Lack of growth opportunities in previous company
Seeking new challenges and learning experiences
My previous work environment was fast-paced, collaborative, and focused on continuous improvement.
Collaborated with cross-functional teams to streamline processes
Utilized Lean Six Sigma methodologies to identify and eliminate waste
Regularly participated in process improvement projects
Worked in a dynamic and ever-changing environment
The duration of Genpact Process Developer interview process can vary, but typically it takes about less than 2 weeks to complete.
based on 6.4k reviews
Rating in categories
Process Developer
37.1k
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| ₹1.2 L/yr - ₹7 L/yr |
Process Associate
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salaries
| ₹0.9 L/yr - ₹6.9 L/yr |
Assistant Manager
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salaries
| ₹5 L/yr - ₹15 L/yr |
Management Trainee
20.3k
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| ₹1.6 L/yr - ₹10.1 L/yr |
Manager
7.6k
salaries
| ₹7 L/yr - ₹24 L/yr |
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