Finance & Accounting Services
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Finance and Accounting Services 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 optimize processes, centralize and standardize operations, and elevate the role of your retained F&A processes. This enables you to focus on your core business. Overview Finance organizations 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 standardize 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 decentralized and multi-center 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 per cent reduction in Chart of Accounts leading to reduction in the closing month end cycle by 10 per cent. Experience Partnership Our global delivery centers 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 per cent efficiencies over the life of the contract through continuous improvement and lean projects; Up to 75 per cent FTE reduction through automation; Up to 80 per cent reduction in turnaround time for order management. n n n n n n
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Transcript of Finance & Accounting Services
Finance and Accounting Services
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 optimize processes, centralize and standardize operations, and elevate the role of your retained F&A processes. This enables you to focus on your core business.
Overview
Finance organizations 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 standardize 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 decentralized and multi-center 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 per cent reduction in Chart of Accounts leading to reduction in the closing month end cycle by 10 per cent.
Experience Partnership
Our global delivery centers 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 per cent efficiencies over the life of the contract through continuous improvement and lean projects;
Up to 75 per cent FTE reduction through automation;
Up to 80 per cent reduction in turnaround time for order management.
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www.tcs.com
All content / information present here is the exclusive property of Tata Consultancy Services Limited (TCS). The content / information contained here is correct at the time of publishing. No material from here may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from TCS. Unauthorized use of the content / information appearing here may violate copyright,
trademark and other applicable laws, and could result in criminal or civil penalties. Copyright © 2013 Tata Consultancy Services Limited
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About Tata Consultancy Services (TCS)
www.tcs.com
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to globalbusiness, 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
TMthrough its unique Global Network Delivery Model , 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.
For more information, visit us at
ContactTo know more about TCS Finance and Accounting Service, contact [email protected]
Why TCSAt TCS, we deliver comprehensive Finance and Accounting Services by leveraging our finance and accounting capabilities, strong domain focus, and our flexible Global Network Delivery Model™. By partnering with us, you gain from our:
Industry domain expertise. Our Finance and Accounting Service talent pool comprises of over 10,000 FTEs. Our experience spans across 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).
TMProcess transformation: FORE . Our comprehensive assessment model and roadmap for journey to best-in-class F&A
TMprocesses, FORE , 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, institutionalized 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.
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An overview of our Finance and Accounting Services
About TCS Business Process Services (BPS)
Business Process Services (BPS) at TCS is about managing & executing business operations. Our domain expertise helps deliver core business processing across industries, analytics & 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 US$ 1.4 billion, TCS is one of the largest BPS providers with 47,500+ employees servicing 225+ customers across the globe.
