Mumbai, June 21, 2012: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading IT services, consulting, and business solutions organization, today, announced that it has been positioned by Gartner, Inc. in the Leaders quadrant in its report, “Magic Quadrant for Finance and Accounting BPO,” authored by Cathy Tornbohm and published on May 30, 2012.
Gartner’s F&A Magic Quadrant evaluates vendor capabilities in the comprehensive F&A business process outsourcing market among 18 providers. Gartner recommends using this Magic Quadrant to help identify and evaluate the right providers to support your organization.
As the report says, “Yes, you can provide F&A BPO, but do you know my industry? is a more frequent concern of buyers in selecting a provider…. Buyers must look at a provider’s quality, vertical market expertise (which is increasingly becoming important as providers learn about specific industries’ finance needs, such as payment terms and supplier types) and global delivery models to ensure a full evaluation of the provider’s abilities.”
“We believe our positioning in the Leaders Quadrant is a testament of the uniqueness of our pioneering vision, strategy and ability to execute in the Finance and Accounting space,” said Abid Ali Neemuchwala, Global Head, BPO Services, TCS. “TCS’ investments in building industry vertical expertise in F&A, our proven transformation methodology - FORE™ delivering best in class processes, our business model innovation of F&A Platform solution delivering Business Process as a service (BPaaS), and unrelenting focus on analytics, risk and controllership are all geared to meet the customer’s needs for an effective and efficient finance function.”
TCS’ F&A services help CFOs and controllers create visibility and transparency around capital and assets; identify, manage and mitigate risks; and tighten budgeting and planning to meet and exceed performance expectations. This helps organizations expand the focus of controllership beyond robust execution and financial efficiency to a more strategic and proactive growth enabler.
About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About TCS’ Business Process Services
TCS’ Business Process Services are 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 innovative models such as Platform BPO, which delivers process as a service. With over $1.1 billion in BPO revenues and 40,000+ employees across 11 countries delivering services to more than 200+ customers, TCS is one of the leading global domain-based BPO providers.
About Tata Consultancy Services Ltd. (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, BPO, infrastructure, engineering and assurance services. This is delivered through 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 over 238,500 of the world’s best-trained consultants in 42 countries. The company generated consolidated revenues of US $10.17 billion for year ended March 31, 2012 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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