Mumbai: Tata Consultancy Companies (TCS) (BSE: 532540, NSE: TCS), a leading world IT providers, consulting and business alternatives organization, has been rated among the top rated 3 vendors in the HFS Prime 10 for Finance and Accounting Outsourcing (FAO) Products and services1.
The report examines 16 provider suppliers across a defined collection of innovation, execution, and voice of the purchaser conditions. It focuses on ongoing third-occasion solutions (outsourcing and managed expert services) as defined by HFS’ F&A value chain.
“In the Small business 4.0™ globe, CFOs are actively playing a central role in executing the company system, and co-driving the advancement and transformation agenda. They have to have an clever, agile, adaptive, and resilient finance operations model that enables genuine-time choice producing, frictionless functions, intellectual insights, and predictability of outcomes. This needs an AI pushed human-device collaboration and orchestration of digital ecosystem to help organizations attain a competitive edge and continue to be ahead of the curve,” mentioned Ashok Pai, World Head, Cognitive Company Operations, TCS. “Our Leadership place in this evaluation is a recognition of our vision, technique and investments aimed at building potential-completely ready and differentiated offerings and shown ability to provide superior business results for our consumers.”
TCS provides a comprehensive portfolio of Finance & Accounting expert services spanning procure-to-pay out, order-to- dollars and report-to-report throughout consulting, technology and functions. Backed by TCS CogniX™ for Finance, robust expertise in business operations, deep area expertise, sector expertise, globe-class frameworks and a worldwide shipping footprint, TCS has helped a lot more than 150 foremost enterprises reimagine their finance operations.
TCS CogniX for Finance is an AI-pushed human-equipment collaboration suite that is powered by its Device First™ Supply Product (MFDMTM). CogniX for Finance integrates and orchestrates a number of electronic technologies these kinds of as AI/ML, highly developed analytics, smart automation and system options to produce long term-ready and smart finance functions. It contextualizes methods to industries, harnessing knowhow from a huge expanse of buyer functions to understand a Configurable Organization. Its modular and scalable remedies with pre-developed accelerators and frameworks aid world CFOs speed up their transformation journeys. It has delivered improved performing money, optimized money stream, enhanced user encounter, and increased controllership for top enterprises throughout the globe.
Electronic finance options contain smart insights run by TCS’ cognitive automation computer software ignio™, cloud-centered P2P platforms, intelligent visualization and persona-primarily based dashboards, AI-based chatbots, OCR/ICR solutions, mobility-based mostly office remedies, and highly developed analytics alternatives.
“TCS’ intent-driven, resilient, and adaptable finance narrative is aligned with our view that finance is no lengthier a back-office environment functionality. TCS CogniX run by its Device 1st Shipping and delivery Model (MFDM) is accelerating digitization of finance businesses. TCS also stands out for consumer intimacy – likely the excess mile to have an understanding of every single client’s exclusive difficulties and get points performed!” mentioned Saurabh Gupta, Main Investigation Officer, HFS.
