Business Process Services

Finance & Accounting Services

Margin growth, working capital management, regulatory compliance and proactive risk mitigation have emerged as key focus areas for CFOs. For the finance and accounting (F&A) function to deliver compelling value, automation of the bulk of its underlying transactional business processes is essential.

TCS Finance and Accounting Services span various F&A-linked workflows, including ones pertaining to accounts payable (AP), accounts receivable (AR), and order to cash (O2C). Our comprehensive services help CFOs consolidate, standardize, and automate key business processes, resulting in higher cash flow, reduced operating costs, less revenue leakage, and better margins.




The TCS Advantage

Our ValueBPS approach helps enterprises achieve significant and sustained business outcomes by leveraging our deep domain expertise and operations redesign methodologies such as FORE™. Our approach also encompasses robotic process automation (RPA), analytics and insights, our unique IT-BPS synergy, Business Process as a Service (BPaaS) models, and business process management (BPM).

  • Operations redesign: Our robust methodologies like FORE for process simplification and PIBS for sourcing strategy help our clients benchmark their process maturity against best-in-class industry standards and identify transformation opportunities. Lean and Six Sigma, promotes rapid process optimization and transformation, while ensuring robust risk management.
  • Analytics and Insights: TCS’ advanced analytics platform helps firms improve collaboration with their external partners, and effectively measure and track key performance indicators (KPIs) for effective budgeting and target setting.
  • BPaaS/Platforms: TCS’ F&A platforms such as TAP and Collections Platform provide pre-built and pre-configured processes and tools, making them TM easy to implement.
  • Delivery excellence: We have optimized the F&A functions of Fortune 500 companies in many industries, including telecom, media and entertainment, financial services, professional services, and manufacturing. TCS has successfully transformed the end-to-end order-to-cash processes of multiple Fortune 100 companies, helping them reduce the number of disputes, expedite collections, and reduce working capital requirements.

Solutions We Offer

We empower businesses to transform the following key F&A sub-functions:

  • Accounts Payable: Improve cash flow through optimization of days payable outstanding (DPO); get analytics-based, actionable insights for intelligent sourcing and spend analysis
  • Accounts Receivable: Facilitate effective working capital management, as well as reduce days sales outstanding (DSO) and bad debt
  • Financial planning and analysis (FP&A): Transform budgeting, financial reporting, and forecasting processes for effective financial planning
  • Trust accounting: Streamline and automate business processes for enhanced trust fund management; reduce doubtful debts with accurate data and optimized workflows
  • Treasury and billing services: Transform risk, liquidity, and investment, and cash flow management functions; improve billing accuracy and timelines; plug revenue leakages through proactive analysis of unbilled cases
  • CFO risk services: Improve risk assessment, risk mitigation, and risk reporting process; to identify major risks or highly interpretive accounting issues through detailed financial statement reviews and alignment to GAAP \ IFRS


You can reap the following benefits with TCS’ Finance and Accounting Services:

  • Enhanced operational efficiency: Slash operating expenses by over 70% through operational redesign; implement our cloud-based TAP solution to generate up to 60% savings in cost per invoice; free up working capital by reducing the turnaround time (TAT) for core F&A transactions
  • Better cash flow: Use predictive analytics tools for better spend management and invoice management; deploy effective master data management and smart analytics tools to gain on-demand, granular visibility into expenses, and thus, control overheads effectively
  • Reduced revenue leakage: Reduce past dues by over 10% with improved collections
  • Higher margins: Reduce selling, general and administrative (SG&A) expenses to improve the bottom line; shorten TAT for order management by up to 80%
  • Robust risk management: Enhance controllership through better substantiation of balance sheet accounts; adhere to country specific regulations across different jurisdictions
Download Brochure (PDF, 309 KB)

Reach Us.