Tata Consultancy Services’ F&A Services Help CFOs Transform Their Finance Operations, Accelerating Enterprise-Wide Innovation and Enabling Superior Value Creation
NEW YORK | MUMBAI, August 21, 2023: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been positioned as a Leader in the Gartner Magic Quadrant for Finance and Accounting Business Process Outsourcing.
The Gartner Magic Quadrant for Finance and Accounting BPO examines and analyses global finance and accounting providers over a set of defined parameters across their ability to execute and completeness of vision.
“CFOs are increasingly playing a key role in shaping the organization strategy, innovation, and competitive direction besides the continued focus on cost and ESG. Technology transformation is key to this, bringing-in operational efficiency and the right insights and foresights for growth. TCS, with its AI-driven product suite Cognix, is helping global CFOs successfully realize their finance transformation goals delivering significant speed and value realization,” said Ashok Pai, Global Head, Cognitive Business Operations, TCS. “We think our recognition as a Leader in this report is a testament to our market success and investments in building innovative and future-ready capabilities contextualized to our customers’ needs.”
TCS offers a consulting-led, comprehensive portfolio of finance and accounting services, powered by innovative digital solutions like TCS Cognix™. It helps organizations reimagine their core F&A functions of procure to pay, order to cash, and record to report by moving them to a standardized, automated and data-driven operating model that delivers enhanced efficiencies, speed, compliance, and a seamless period-end closure. Its strategic finance offerings like financial planning and analysis, cash and liquidity management, tax compliance and treasury are well geared to drive business growth and resilience.
In addition, TCS also offers industry-specific finance and accounting offerings to cater to the specific nuances of industries. These include trust and equity accounting for financial services, revenue cycle management for healthcare, passenger and cargo revenue accounting for travel and transportation, store accounting for retail, inventory accounting for manufacturing and meter to cash for utilities.
TCS Cognix, its AI-driven human-machine collaboration suite, accelerates the digital transformation agenda for its clients. It has a host of pre-built and contextualized digital solutions aligned to specific business challenges and goals of CFOs. For instance, the CFO Financial Advantage tool equips CFOs and Controllers with real-time, intelligent and predictive insights on key financial metrics enabling smart decision making. Additionally, Cognix features a maturity assessment model that delivers a systematic transformation roadmap for clients based on their current maturity and transformation goals.
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 Gartner, Magic Quadrant for Finance and Accounting Business Process Outsourcing, Sanjay Champaneri, Geraldine Garaud, Jan Ambergen, 10 May 2023