Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

TCS Named a Leader and Star Performer in Finance & Accounting Services by Everest Group

Posted On: 2020-10-28 05:45:21


Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been positioned as a Leader and Star Performer in the Everest Group PEAK Matrix® for Finance and Accounting Outsourcing (FAO) Services1.

According to the report, TCS has a strong vision and roadmap for a Configurable Enterprise - realized through TCS CogniX™, that helps bring together an ecosystem of pre-built solutions for accelerating digital transformation. It highlights TCS' end-to-end F&A portfolio, strong digital ecosystem, AI and advanced analytics, BPaaS and process mining capabilities, underpinned by strategic partnerships as key strengths.

The report says that TCS has developed new modular offerings in areas such as forecasting and scenario modeling, FP&A intelligent insights, and cost and cash optimization that have quicker time to value and bring in visibility during business disruptions. TCS' frameworks such as Zero Touch Transitions and Secure Borderless Workspaces™ that help companies cater to the new normal, were also highlighted as strengths.

"CFOs today are playing a pivotal role in the growth and transformation agenda of enterprises. An AI driven human-machine collaboration that contextualizes, integrates and orchestrates multiple digital technologies can help CFOs build a purpose-driven, resilient and adaptable finance organization," said Ashok Pai, Global Head, Cognitive Business Operations, TCS. "Our leadership position in this assessment is a testament to our differentiated offerings with demonstrated ability to enable enterprises to gain competitive edge in the market."

TCS offers a comprehensive portfolio of consulting-led services across the finance and accounting value chain and leverages its Business 4.0™ thought leadership framework to enable touchless, intelligent, agile and digital finance operations that deliver superior business outcomes.

TCS recently launched CogniX™, an AI-driven human-machine collaboration suite, powered by its Machine First™ Delivery Model (MFDM™), that helps enterprises gain a competitive edge through cognitive operations. It contextualizes solutions to industries and harnesses knowhow from a vast expanse of customer operations to realize a Configurable Enterprise. CogniX™ helps enterprises ensure resiliency, adopt new business models with agility, embrace a culture of continuous innovation, deliver an enriched experience and gain exponential business value.

TCS CogniX™ for Finance orchestrates intelligent automation, advanced analytics, AI, cognitive business command centers and process mining, to improve working capital, optimize cash flow and enhance the experience for CFOs of leading enterprises across the globe. In addition, it leverages data mining-led smart controls and blockchain solutions for consensus and governance mechanisms that drive enhanced controllership. With its robust capabilities, backed by frameworks and TCS' vast experience, the solution helps drive captive transformation needs for customers.

"TCS has strengthened its position in the leader quadrant and has among the highest revenue growth on an absolute basis, helping it maintain its Star Performer status. It is one of the few global providers that has a significant presence in the APAC market as well," said Shirley Hung, Vice President, Everest Group. "TCS' ability to quickly pivot to new modular offerings and frameworks, such as Zero Touch Transitions and TCS Secured Borderless Workspace (SBWS™), positions it well to cater to the next normal's requirements."

"With our deep domain expertise, contextual knowledge of our customers' businesses, innovative new offerings, and configurable and modular solutions with pre-built accelerators and frameworks, we are well positioned to help progressive CFOs accelerate their companies' growth and transformation journeys," added Ashok Pai.

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2621.75 as compared to the previous close of Rs. 2631.45. The total number of shares traded during the day was 471923 in over 9654 trades.

The stock hit an intraday high of Rs. 2656.35 and intraday low of 2607.2. The net turnover during the day was Rs. 1237776051.

1 Finance and Accounting Outsourcing (FAO) - Service Provider Landscape with Services PEAK Matrix® Assessment 2020, Shirley Hung, Vignesh Kannan, Abhishek Singh, Sailee Ladole, Everest Group, September 9, 2020


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com






Other Headlines:

Central Bank of India Supported to install Police Station at Marine Drive

UN extends contract of Trigyn Technologies Inc for providing IT staffing support service to OICT

Jubilant Industries Limited to sell its portable liquor license to manufacture IMFL

Open Offer to acquire shares of Timex Group India Ltd at Rs. 24.26 per share

Exide Industries Limited raises stake in Exide Leclanche Energy Pvt Ltd to 80.15%

NMDC bags CSR Excellence Awards

Central Bank of India organized Road Show and distributed MASKS

NIIT Earns Two Coveted Learning Technologies 2020 awards jointly with MetLife

Suyog Telematics Limited awarded as Asia's 200 Best under A Billion 2020 by Forbes

Burgan Bank deploys iGTB's Digital Transaction Banking platform with powerful channel capabilities to power its corporate banking expansion strategy

Airtel and Vedantu empower millions of school children with affordable access to quality education on their home TV screens

Biocon Limited to acquire 26% stake in Hinduja Renewables Two Private Limited

Ircon International Ltd bags orders of Rs. 723 crore

Radio City launches the 12th Season of 'Radio City Super Singer'

Recently published data on Favipiravir as treatment for mild to moderate COVID-19 demonstrates significant improvement in time to clinical cure

ICRA reaffirms longterm rating of BEML Limited

Hester Biosciences Nepal launches a Live Thermo-tolerant PPR Vaccine

Sukhjit Starch & Chemicals Ltd's subsidiary to inaugurate Mega Food Park project on Nov 24, 2020

TCS OmniStore™ Named the POS Technology of the Year at the Retail Systems Awards 2020

Strides Pharma Global Pte. Ltd. receives USFDA approval for Prednisone Tablets

Mindtree Partners with the Nordex Group to Drive Forward the Company's Digital Transformation Journey

Vivimed Labs Limited receives product approvals for 3 ophthalmic products, 3 oral liquid suspension products

Max Estate starts construction of commercial realty project Max Square in Noida at Rs 400 crore cost, with New York Life Insurance Company as financial partner

Praj Industries Ltd signs MoU with Petroleum Ministry to facilitate setting up of CGB plants

SREI Infrastructure Finance Ltd plunges on RBI audit

APSEZ Ranks 14th in the Transportation and Transportation Infrastructure Sector of Dow Jones Sustainability Emerging Markets Index, 2020

BEML receives additional contract from DMRC

Dwarikesh Sugar Industries Ltd to commence distillery plant at enhanced Capacity at Dwarikesh Nagar

Fire incident at Dai-Ichi Karkaria Ltd's plant at Dahej

Union Bank of India board to consider fund raising on Nov 25, 2020

CG Power, Tube Investments of India Ltd and lenders enter into binding agreements for restructuring of debt

ICRA Limited revises ratings of Can Fin Homes Ltd

CARE revises bank facilities rating of Vaibhav Global Limited

Norican Group appoints Mr. Declan Guerin as CFO

ICRA reaffirms, upgrades ratings of Canara Bank's bonds

Indiabulls Housing Finance Limited appoints Mr. Dinabandhu Mohapatra as independent director

RMC Switchgears Ltd bags sales order of Rs. 3.28 crores from MSEDCL

Telanagana Government to provide subsidies up to Rs. 25 crores to Hatsun Agro Product Ltd

Rishiroop Limited enters into MOU for sale of land

Delivery of first Varunastra Flagged off at Bharat Dynamics' Visakhapatnam Unit

Petronet LNG Ltd signs MoU to set up Compressed Bio Gas Plants

Shri Dharmendra Pradhan inaugurates OIL's Seismic Survey Campaign in Mahanadi Basin (Onland)

JSPL Standalone Steel Production rose 13% (Y-o-Y) in October 2020

Nucleus Software's FinnAxia wins the 'Best Technological Innovation in Payments - B2B' Award

IIFL Securities Ltd board approves buyback through open market purchase

WeP Solutions Ltd announces 3:8 rights issue at Rs. 10

Route Mobile appoints Mr. Sandipkumar Gupta as Chairman and Mr. Arun Gupta as Additional Director

Hero MotoCorp brings back 'Hero Colabs' in an enhanced avatar

ATP and Infosys Extend Digital Innovation Partnership

Pennar Industries bags orders worth INR 517 Crore



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019