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TCS positioned as ‘Star Performer’ in finance and accounting outsourcing – Instances of India

Tata Consultancy Providers (TCS) has been acknowledged as a ‘Chief and Star Performer’ in Everest Group’s PEAK Matrix for Finance and Accounting Outsourcing (FAO). The corporate has been named a Star Performer for demonstrating probably the most enchancment year-on-year (YoY) over time on the PEAK Matrix.
The report states that TCS posted the best YoY progress in FAO income among the many Leaders, pushed by giant transformation offers and scope enlargement within the areas of strategic F&A. The report additionally cites that TCS has obtained one of many highest consumer satisfaction scores and has been appreciated by purchasers for its transformation capabilities, collaborative strategy, relationship administration and proactiveness.
The corporate’s sturdy digital ecosystem, course of mining instruments, consulting capabilities, and complete choices together with its strong BPaaS capabilities have been cited as key strengths on this report. It additional acknowledges investments and efforts in enhancing its Cognix for F&A product suite and strengthening its industry-specific and FP&A choices.
“The finance perform is evolving right into a strategic enterprise crew for his or her organizations, driving worthwhile progress and assuming a broader set of tasks linked to innovation, sustainability, and enterprise efficiency. Digital transformation is intrinsic to this, bringing in effectivity, perception, and worth to the enterprise. TCS helps finance organizations throughout the globe lead this variation by accelerating their digital transformation agenda utilizing its AI-driven human-machine collaboration suite – Cognix,” mentioned Ashok Pai, International Head, Cognitive Enterprise Operations, TCS. “Our management rating on this evaluation is a testomony to our market success, and forward-looking imaginative and prescient aligned to the CFO crucial.”
TCS helps finance groups strengthen their resilience, enhance monetary efficiency, and reply rapidly to altering market dynamics with its AI-powered strategic finance choices round monetary planning and evaluation, money and liquidity administration, and tax compliance. It has constructed choices to advise CFOs on ESG and help them of their broader ESG imperatives with a number of digitally-powered choices on this area.
Powering this innovation for purchasers is TCS Cognix, an AI-driven human-machine collaboration suite that brings in a progressive and differentiated strategy to digital transformation. Cognix for Finance affords a complete set of pre-built and contextualized digital options aligned to particular enterprise challenges and targets. For instance, the CFO Monetary Benefit software gives CFOs and Controllers with real-time, clever insights on key monetary metrics together with predictive insights for agile and good monetary choice making. These digital options will be simply plugged into an enterprise’s ecosystem to drive transformation at velocity and scale. Cognix additionally has a maturity evaluation and governance module to benchmark operation metrics and observe motion in the direction of best-in-class operations.
TCS has constructed its personal proprietary platforms for finance equivalent to its procure-to-pay platform TAP and income assurance platforms like TCS HOBS. It additionally boasts of partnerships with main platform and know-how suppliers and has constructed industry-leading options to assist CFOs with their strategic targets.

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