Client Challenges
- Reducing high administrative costs for managing finance and accounting function
- Streamlining finance and accounting management processes across units
- Containing high costs of implementing, maintaining and upgrading finance applications
- Managing finance compliance and reporting, both locally and globally
What TCS Provides
On a modular and scalable platform, we, at TCS, provide you with comprehensive, compliant and operationally-efficient F&A business solutions, based on globally-accepted and optimized processes. Our offerings include the following:
- Payable management, with complete coverage in invoice, payment processing, expense accounting, EDI and P-card administration, supplier management and period-end closing
- Receivable management, which includes invoicing and billing, revenue accounting, cash application, collections, credit, customer and dispute management, as well as statements and reporting
- Employee expense management, covering claim processing, advances, disbursement, audits and verification, compliance governance and reporting
- General accounting, comprising financial accounting, intercompany reconciliation, financial and statutory reporting, consolidation, chart of account management, period closure and reporting
- Procure-to-pay services, covering PO processing, requisitions, tactical procurement and purchase administration, supplier management, invoice and payment processing, policy compliance and reporting
- Order-to-cash services, including order processing and management, customer management, billing and invoicing, cash application, dispute and credit management, reconciliations and reporting
- Record-to-report services, with complete general accounting, treasury accounting, fixed asset management, bank operations and reconciliations, management and statutory reporting, and period closures
- Enterprise-wide F&A services, in a comprehensive solution that covers transactional, tactical and strategic F&A processes
- F&A for start-ups, an innovative and flexible F&A outsourcing solution, specifically tailored for startups, operationalizes and standardizes your finance function within a short span of time, leveraging our people, processes and technology on a utility-based model
Business Value
- Compliance: Adherence to global and standard processes and accelerated response to legal changes
- Control: Greater visibility of and control over operations through dashboards and analytical support
- Communication: Improved and consistent reporting, leading to a single source of truth
- Cost benefits: Move from a CAPEX to OPEX mode with a pay-by-volume based pricing model