Reconciliations - TCS Aspire Service

Outsourced Best Practice Reconciliations.

The TCS Aspire Service is an on-demand service from Tata Consultancy Services that meets the reconciliation and investigation needs of large corporate and niche financial services organisations, improves the reconciliation performance, and leads to a reduction in TCO of upto 40%.

client challenges

 
  • Financial instruments are getting increasingly complex
  • Transaction Volumes are escalating exponentially
  • Having a flexible reconciliations operation that adapts to a changing market environment
  • Managing a large workforce with significant overheads to process transactions at the desired service level, in an environment of reducing IT budget.

WHAT tcs provides

The TCS Aspire service delivers a scalable, industry leading ‘centre of excellence’ for the matching, investigation and reconciliation of core and client-specific financial transactions.

The service is based on a shared-service provisioning on our partner’s market leading reconciliations software platform, and draws on TCS expertise in Business Process and IT Service Management (ITSM) outsourcing. The service leverages the network of Global delivery centers and our experience in the Financial Services industry.

Business Value

TCS Aspire Service helps customers eliminate limitations of their reconciliations and investigations operation in the fastest possible time.

TCS Aspire Service :

  • Provides a flexible and scalable solution that meets the current and future processing requirements of their reconciliations operation
  • Achieves dramatic reduction in the level of manual intervention required to process transactions
  • Future-proofs reconciliations utility without any up-front investment
  • Enables our customers to take on and process new and complex instruments more quickly, with the associated increase in time to benefit
  • Improves risk reporting throughout the reconciliations lifecycle of a transaction.
  • Reduces total cost of ownership for reconciliations by up to 40%

Alliances

The software component, TLM® Solutions, is supplied by our partner SmartStream - the industry-leading providers of banking systems.

SmartStream Technologies provides enterprise-wide, real-time Transaction Lifecycle Management (TLM) solutions to 1,000 clients, including more than 75 of the world's top 100 banks. SmartStream's solutions enable clients to tackle the barriers to Straight Through Processing (STP) and create more efficient, customer focused, cost-effective, compliant operations. For further details please visit www.smartstream-stp.com

NEXT STEPS

From aligning your IT with your business needs to an end-to-end strategy for transforming your enterprise, TCS has the world-class experience and expertise that you need. Contact a Consultant today

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Brochures

Reconciliations-TCS Aspire Service

The TCS Aspire Service offers fully outsourced reconciliations, purchased according to the precise business needs of each client – users only pay for the resources they need to meet the processing requirements at that particular time.

TCS in the News

Deutsche Bank live with SmartStream TCS Aspire Service

Deutsche Bank has become the first customer to go live on the TCS Aspire Service, which is powered by SmartStream's Transaction Lifecycle Management (TLM) software. Read More