Platform Solutions

Creating a Leaner Accounts Payable (AP) Organization

In February 2015, Everest Group released a new report in association with TCS - “Creating a Leaner Accounts Payable (AP) Organization.” This report explains the concept of a leaner AP organization, highlights its value proposition and importance, and identifies various levers that can be utilized to achieve it including:

  • Process Standardization
  • Technology Integration and Automation
  • Streamlining Governance
  • Centralization and Shared Services Leverage

The report further outlines the decisions that need to be taken based on industry best practices and presents a real-life TCS case study to create a lean and optimal AP function on TCS TAP Accounts Payable platform.

                                           An excerpt from the Everest Group report

TCS TAP Accounts Payable platform helps you reimagine, automate, and simplify AP processes and achieve immediate savings. The platform provides end-to-end invoice-to-payment functionality including receipt management, supplier management, supplier self-service, invoice processing, and payment processing.

TCS TAP Accounts Payable platform provides the building blocks for a ‘Leaner AP’ organization. To know more about the insights from the Everest report and TCS TAP Accounts Payable platform, please write to tap.p2p@tcs.com

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