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TCS Recognized as a Leader in Finance and Accounting Digital Augmentation Suite by Everest Group

Posted On: 2018-09-21 12:24:38

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organization, has been positioned as a leader in the Everest Group PEAK Matrix™ for Finance and Accounting (F&A) Digital Augmentation Suite (DAS).1

Cited as a strength is TCS' ecosystem of automation and analytics-driven solutions that spread across the entire F&A value chain. The report also highlights other key strengths including TCS' TRAPEZE™ F&A platform that includes RPA, workflow, and analytics to drive end-to-end process, and enables touch-less processing.

"In a Business 4.0™ world, CFOs are reimagining the finance function, leveraging digital technologies such as artificial intelligence, machine learning, cloud, intelligent automation, and data analytics to improve outcomes, minimize enterprise risks, and ensure regulatory compliance in the F&A processes," said Ashok Pai, Vice President and Global Head, Cognitive Business Operations (CBO), TCS. "This recognition in this assessment is a testament of our vision and strategy, innovation, strong portfolio of digital offerings, and our delivery capabilities."

TCS's CBO unit engages with forward thinking customers across the world with leading-edge, technology-led F&A solutions that reimagine business operations end to end, including the underlying IT systems and supporting infrastructure, and drive superior business outcomes. These solutions leverage AI, machine learning, IoT, cloud, analytics, computer vision, and RPA, while adopting Agile practices across Business Process Services, IT Infrastructure Services, and IT Operations.

Key F&A offerings and services include:

- Machine First Delivery Model (MFDM™) to enable touch-less procure-to-pay, 'perfect order' in the order-to-cash cycle and 'predictive close' in the record-to-report processes.

- ignio™ Insights as a Service to deliver real-time and granular operational intelligence for smarter business decisions.

- Cloud-based Platform, TAP™, (TCS Accounts Payables) for P2P, credit management, and analytics.

TRAPEZE™F&A Suite of Solutions including RPA and workflow and operational analytics to drive efficiency across end-to-end processes and enable effectiveness.

"Enterprises are looking for high-impact and integrated digital suites that can be implemented collectively to drive faster process transformation and in turn achieve significant business outcomes. TCS' Business 4.0™ framework, its Machine First Delivery Model (MFDM™}, investments in its cognitive intelligence platform ignio™, along with its multiple process-specific modular automation and analytics solutions, strengthen its position as a leader in F&A DAS," said Vikas Gujral, Practice Director, Everest Group.

"Our innovative solutions in the Finance and Accounting domain, digital technology expertise, contextual knowledge, and investments in intellectual property, make us the preferred partner to progressive CFOs seeking to accelerate their digital transformation journeys," added Ashok Pai.

1 Everest Finance and Accounting Digital Augmentation Suite (F&A DAS) - Service Provider Landscape with Solutions PEAK Matrix™ Assessment 2018, Everest Group, August 2018

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2076.9 as compared to the previous close of Rs. 2070. The total number of shares traded during the day was 56494 in over 4929 trades.

The stock hit an intraday high of Rs. 2088.1 and intraday low of 2066. The net turnover during the day was Rs. 117538574.

Source: Equity Bulls

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