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Finance and Accounting (F&A) Platform

 

Streamline your finance and accounting management processes across businesses and locations with TCS’ Finance and Accounting (F&A) Platform Solution.

About the Platform

TCS’ F&A Platform is a unified and global solution for enterprise finance operations encompassing the following:  

  • Account Payables
  • Account Receivables
  • General Accounting
  • Asset Accounting
  • Collections
  • Cash
  • Employee Expense Management

It conforms to global statutory and legal norms (such as IFRS and GAAP) and comes with the following features:

  • Pre-built and pre-configured processes
  • Proprietary tools for workflow and document management
  • Control account reconciliation toolkit
  • Financial analytics including closing and KPI dashboards
  • Integration frameworks
  • Self-service portal

The F&A Platform is powered by a state-of-the-art ERP application and hosted on a reliable, scalable and secure infrastructure. We offer you the choice to adopt our solution under SaaS or BPaaS (SaaS plus process delivery) or a hybrid framework.

Features

Collections: Built on superior technology with improved automation, better integration, and enhanced analytics and reporting, our comprehensive offering enhances your collection capabilities. Our pre-defined standard processes and pre-configured templates bring about a significant reduction in transformation timelines while the utility-based model significantly reduces your Total Cost of Ownership (TCO), minimizing capital expenditure.

TCS Account Payable (TAP): This automates your entire AP process, streamlines authorization, minimizes manual intervention and enhances your supplier collaboration. An intuitive and configurable invoice processing solution, it spans the entire invoicing processing cycle from invoice capture to invoice payment.

Finance Analytics for Competitive Edge (fACE): This provides better insights into financial performance ratios, operational KPIs, customer and product profitability.

Benefits

  • A single source of truth for your financial data, with improved and consistent reporting
  • Faster financial closure
  • Reduced reconciliation effort and improved receivables position
  • Accelerated on-boarding by leveraging our pre-built content, pre-configured processes and pre-installed technology
  • A low TCO with minimal upfront investment as the platform comes at a cost-effective price payable on subscription basis
  • Adherence to global and standard processes and accelerated response to legal changes
  • Greater visibility of and control over operations through dashboards and analytical support

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Case Studies

TCS helps a UK-based media company transform its finance and accounting (F&A) operations

Learn how a UK-based media company utilized TCS’ F&A Platform to simplify and standardize its finance and accounting functions.

Press Releases

TCS’ F&A platform to ensure on-time accounting for SAS, Europe’s most punctual airline

TCS has entered into a multi-year agreement with Scandinavian Airlines (SAS), wherein SAS will adopt TCS’ Finance & Accounting (F&A) platform for its operations across 30+ countries. Founded in 1946, SAS is the Scandinavian region’s largest airline and holds the reputation of being Europe’s most punctual airline.