RICHMOND, Va., July 2, 2013 /PRNewswire/ -- Genworth Financial, Inc. (NYSE:GNW) announced today that American Express, EXLService Holdings and ExamOne, a business of Quest Diagnostics, are recipients of its 2012 Strategic Supplier Partnership Initiative Awards. The three awards presented this year include one for Strategic Alignment, one for Value Creation and the Platinum Award for Supplier of the Year.
"These awards recognize key suppliers that show commitment to embodying Genworth values, demonstrating alignment to Genworth strategic goals, and creating value through innovation, continuous improvement, and cost performance," said Brandon Taber, Genworth director of Supplier Management. "We are honored to recognize these strategic partners who have made an exceptional contribution to Genworth's performance and success during 2012."
American Express: Supplier of the Year for Strategic Alignment
American Express is a global strategic supplier that is helping Genworth improve and increase financial strength and flexibility and simplify its business processes.Through American Express payment programs, Genworth is able to preserve financial flexibility by providing accelerated supplier payment terms that improve cash flow and through the use of an electronic payment process and streamlined travel and purchase card program that narrows and simplifies business processes. "American Express was truly honored and excited to receive the SSPI Gold Award," said Stephanie Schmidt, director of account development responsible for the Genworth relationship. "Genworth is a partner that consistently challenges us to innovate and drive value in our relationship. As a result, we are allowed to think creatively and work collaboratively across the Genworth organization to push the envelope on how we deliver value. "We are fortunate to have a partner in Genworth that formally recognizes that value, and we are dedicated to the continued enhancement of both the value and strategy we bring to the program. Working with the Genworth team exemplifies what 'partnership' is all about."