Tata Consultancy Services: Finance and accounting services

Product Details

Business Process Services

The decentralization of operations compels CFOs and controller communities to gain visibility of operations on a daily basis. This provides business metrics, which ensure accountability and improved profitability. In addition, CFOs seek to deliver greater value as business partners. This necessitates services that bring in delivery certainty, decision-making support and able risk management.

Towards this, we, at Tata Consultancy Services (TCS), offer our comprehensive finance and accounting (F&A) services. We use these services to provide a strategic partnership to help you optimise processes, centralise and standardise operations, and elevate the role of your retained F&A processes. This enables you to focus on your core business.

Overview

Finance organisations today seek F&A Services that help enhance scalability, increase workforce productivity and reduce operating costs. This gives CFOs visibility into the daily operations, thereby ensuring accountability and improved profitability.

Our finance and accounting services operate as an extended arm of your organization to manage and execute your finance functions. Our services span accounts payables, accounts receivables, general ledger accounting, finance planning and analysis, and reporting and compliance.

Our services not only help you reduce the cost of delivering your finance functions, but also standardise and automate your F&A processes, giving greater efficiency and enhanced productivity. Further, our services help you improve the day sales outstanding (DSOs) and profit recovery, give you a single-view of the eco-system for decentralised and multi-centre locations, and improve compliance.

Experience certainty

Our focus on controllership provides certainty in the delivery of SLAs as well as other aspects.

Experience leadership

  • process improvements, leading to benefits greater than the annual contract value
  • up to 60% reduction in chart of accounts leading to reduction in the closing month end cycle by 10%.

Experience partnership

  • Our global delivery centres bring in flexibility to cater to your global business requirements. We offer our F&A services from India, Chile, UK, China, Hungary, Uruguay and Ecuador, enabling us to provide continuity to your business across time zones.

Experience results

  • up to 30% efficiencies over the life of the contract through continuous improvement and lean projects
  • up to 75% FTE reduction through automation
  • up to 80% reduction in turnaround time for order management.

Why TCS?

At TCS, we deliver comprehensive finance and accounting services by leveraging our finance and accounting capabilities, strong domain focus, and our flexible Global Network Delivery Modelâ„¢. By partnering with us, you gain from our:

  • Industry domain expertise. Our finance and accounting service talent pool comprises over 10,000 FTEs. Our experience spans multiple industry verticals including telecom, media and entertainment, banking and financial services, insurance, professional services, manufacturing and retail. We also offer B2B and B2C types of collection processes.
  • Business transformation: Platforms. We offer our F&A services on our Oracle-based EBS platform, thus bringing best-in-class technologies while reducing total cost of ownership (TCO).
  • Process transformation: FORETM. Our comprehensive assessment model and roadmap for journey to best-in-class F&A processes, FORETM, drives accelerated co-transformation through right balance of scale and time to benefit. We have demonstrated success in guaranteeing robust execution, mitigating risk and driving growth.
  • Delivery excellence. Our robust, institutionalised control framework ensures a comprehensive review of financial processes using different controls and oversight mechanisms. We also offer transaction-based pricing for processes, which are measured consistently throughout the engagement lifecycle.

About TCS business process services (BPS)

Business process services (BPS) at TCS is about managing and executing business operations. Our domain expertise helps deliver core business processing across industries, analytics and insights, and support processes such as accounting, HR and supply chain management. TCS partners with customers to accelerate co-transformation, and generates business value for customers through delivery excellence, risk management and through innovative models such as Platform BPS, which delivers process as a service. With annual BPO revenues of greater than $ 1.4 billion, TCS is one of the largest BPS providers with 47,500+ employees servicing 225+ customers across the globe.

To know more about TCS finance and accounting service, contact [email protected]

About Tata Consultancy Services (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled infrastructure, engineering and assurance services. This is delivered TM through its unique Global Network Delivery Model TM, recognized as the benchmark of excellence in software development. A part of the Tata Group, India's largest industrial conglomerate, TCS has a global footprint and is listed on the National Stock Exchange and Bombay Stock Exchange in India.

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